All articles tagged with #financial struggles
Saks Global Enterprises is planning to file for Chapter 11 bankruptcy as soon as Sunday due to severe cash flow issues, despite advanced negotiations for a $1.25 billion debtor-in-possession financing package to keep the business operational during bankruptcy proceedings.
NEON employees have gone nearly a month without pay and health insurance due to financial difficulties and delayed federal funding, causing significant hardship for staff who continue to serve patients despite their personal struggles, with the organization working to secure funds and avoid court-ordered receivership.
The US Postal Service is facing severe financial difficulties, losing over $100 billion since 2007, with potential privatization and service cuts on the horizon, despite the vital role postal workers play in communities and their historical significance.
Many Americans are now living with student loans for their entire lives, with some borrowers, like Tala Henry-Halabi and Tammy Sabens, facing decades of debt that significantly impact their lives and retirement plans, highlighting systemic issues in the US student loan system that make debt forgiveness and manageable repayment difficult.
Rebecca Reed, 87, works two part-time jobs to support herself financially, despite wishing to retire, due to insufficient savings and ongoing expenses. Her story highlights the financial challenges faced by many seniors who continue working past traditional retirement age.
Federal workers in the US are struggling to make ends meet 30 days into the government shutdown, relying on side gigs and food programs to cope with delayed paychecks and financial hardship.
Target is implementing its largest corporate layoffs in over a decade, cutting 1,800 roles amid ongoing financial struggles and declining sales, as part of a broader restructuring effort to streamline operations and improve growth prospects.
Filmmaker Francis Ford Coppola is selling a $1 million Swiss watch from his collection to raise funds after his latest film, 'Megalopolis,' flopped financially, revealing his financial difficulties.
Abuelo's Mexican Restaurant, once with 40 locations, has filed for Chapter 11 bankruptcy and reduced its operations to 16 stores due to declining sales, rising costs, and changing consumer preferences, as part of a strategic restructuring to improve its financial position.
A family of four is under investigation following a murder-suicide, with reports indicating they faced increasing financial difficulties, highlighting the potential link between financial stress and tragic outcomes.
Victoria Beckham's fashion line faced significant financial difficulties, with losses reaching over $71 million by 2022, leading to support from her husband and a recent increase in earnings, but the brand still struggles with profitability as of 2024.
Olympic figure skating gold medalist Oksana Baiul is selling her $1.2 million Louisiana mansion due to financial difficulties and her failed attempt to establish a skating school there, as she prepares to return to Las Vegas where she has accepted a new role with the Vegas Golden Knights organization.
Broadway musicals are facing significant financial challenges, with none of the 18 new shows from last season turning a profit and several high-cost productions, including revivals, closing at a loss due to soaring costs and declining audiences.
Charlie Sheen's net worth has declined from a peak of around $150 million to an estimated $3 million due to addiction, legal issues, and financial disputes, despite his past success as a high-paid TV star and recent memoir and documentary releases.
Alyssa Jeacoma's viral TikTok video highlights the burden of student loan debt, revealing she owes $90K with a 17% interest rate after paying $1,500 monthly for two years, sparking widespread discussion about the systemic issues of higher education costs and wealth inequality in the US.