At Forever 21, the Adrenaline Rush Was the Point
Anything the fast-fashion retailer lacked in cool or quality it made up for with the thrill of the hunt for the right thing — or something close enough.
Posted inBankruptcies Delaware Fashion and Apparel Forever 21 Shopping and Retail Shutdowns (Institutional)
Forever 21 Operator Files for Bankruptcy
The company, which helped popularize fast fashion in the United States, has struggled to compete with online retailers. It is the company’s second bankruptcy filing in six years.
Posted inBankruptcies Batteries Electric and Hybrid Vehicles Europe Factories and Manufacturing Northvolt AB Shutdowns (Institutional) Sweden
Swedish Battery Maker Northvolt Collapses, a Blow to Europe
The company and its assets will be sold after it filed for bankruptcy in Sweden, sinking Europe’s best hope for competing against Asian rivals.
Posted inBankruptcies Credit and Debt Frauds and Swindling Income Tax Internal Revenue Service Pensions and Retirement Plans Personal Finances Tax Credits, Deductions and Exemptions Tax Cuts and Jobs Act (2017)
Scammers Stole Their Retirement Savings. Then the Tax Bill Arrived.
The victims pulled money out of their retirement accounts. The withdrawals had inflated their taxable income, even though the funds quickly disappeared.