Author: Julia Mehalko

Fuell, Erik Buell’s electric motorcycle company, has officially filed for bankruptcy after failing to have enough money to pay its employees and distribution process. Now, the company is moving forward with bankruptcy proceedings to understand the company’s total assets. Electric Motorcycle Company Files for Bankruptcy Fuell only lasted as an electric motorcycle company for five years. During these five years, the company released two major models that customers were able to pre-order. The first model announced was the Flluid-1 e-bike which cost $3,295. Meanwhile, the second model was more expensive, as the Fllow-1 electric motorcycle cost $10,995.Though these two models…

Some of the biggest retailers and restaurants have been forced to file for bankruptcy and shut down locations in the United States, marking a rather difficult year for various businesses.While there are a variety of different factors that are to blame for these closures, analysts have pointed to low customer traffic and high inflation as to why many companies are struggling to adapt to a new and shifting landscape. More U.S. Stores Are Closing This Year Throughout 2024, more store closures have been seen than store openings. According to data from CRE Daily, this is a new trend that wasn’t…

Bed Bath & Beyond has announced a return to physical stores slightly more than a year after it filed for Chapter 11 bankruptcy, which resulted in the closure of all of its stores. Now, thanks to a strategic partnership with a formal rival, Bed Bath & Beyond products will be available to purchase in various locations around the country. Bed Bath & Beyond Works to Survive After Difficult Bankruptcy Bed Bath & Beyond filed for bankruptcy in April of 2023 after more than 50 years of doing business. This bankruptcy filing ultimately led to the company shutting down the remaining…

YouTuber Benjamin Rich, best known as the creator ‘Bald and Bankrupt’, recently traveled to India. During this trip to New Delhi and Kolkata, Rich vlogged about his journey and his thoughts on the country and its people. However, after Rich called India the “most frustrating place to travel”, many commenters were quick to call him out. YouTuber Criticizes India Many people online were quickly offended by Rich’s YouTube video, especially as he titled it “I visited India so you don’t have to.” As can be seen from the title, the video itself wasn’t complimentary to India in any way. Rich…

A Connecticut judge has imposed a $5 million settlement against Vision Solar, a now-bankrupt solar company. Vision Solar has been accused of conducting illegal and controversial work. These allegations eventually led Connecticut’s Office of the Attorney General to legally go after the solar company. A Settlement Against Bankrupt Vision Solar According to the lawsuit filed by the AG’s Office, Vision Solar allegedly enforced high-pressure sales tactics. These specific tactics led the company’s employees to make misrepresentations to their customers in their quest to bring in more profits.Vision Solar has also been accused of conducting unpermitted work. Because of the company’s…

Fast food chains and their franchisees have struggled over the last few years. The COVID-19 pandemic disrupted many restaurants and their operations. Now, eateries have been unable to bring in the profits they’re looking for in 2024, thanks to factors such as high inflation.Recently, another fast food franchisee filed for Chapter 11 bankruptcy, signaling that this bankruptcy trend isn’t about to end anytime soon. EYM Pizza Files for Bankruptcy In July, EYM Pizza filed for Chapter 11 bankruptcy protection. EYM Group is a huge franchisee company that operates a variety of fast food establishments in 7 states. EYM runs Panera…

Wells Fargo employees are claiming that they were laid off by the bank in an effort to completely disrupt their attempt to join a union. In just the last few years, more Wells Fargo workers have decided to successfully form unions. Now, however, employees have sounded the alarm about potentially illegal practices Wells Fargo is partaking in. Wells Fargo Fires Employees to Stop Union Formation These latest firings were exclusively targeted against Wells Fargo workers who were trying to be the first non-branch-based employees to unionize. So far, the only employees who have successfully unionized at Wells Fargo have been…

OKA, a high-end home furnishing store, has shut down in the United States suddenly after filing for Chapter 7 bankruptcy. This sudden move comes as the furniture chain has struggled to thrive during a difficult period in the U.S.While OKA may not be as well known in the U.S. as it is overseas, the company does own and run three different stores located in Dallas, Houston, and Westport, Connecticut. Because of this Chapter 7 filing — which occurred on June 11 — all of these U.S. stores will now be completely closed. They will not be reopened in the future.The…

Frequent In-N-Out customers know all too well that the popular burger chain has a “secret” menu to order from. These secret menu items don’t appear on the regular In-N-Out menu. However, customers in the know can purchase these items from all In-N-Outs around the country. Recently, many social media users have gone viral online for talking about these secret menu items — especially as many have claimed to find “new” In-N-Out items to order. However, In-N-Out workers — and even owners — have started to publicly refute some of these social media claims. In-N-Out Secret Menu Lies After one social…

Popular convenience store chain 7-Eleven joins many other chains in closing hundreds of locations in multiple countries in North America. Seven & i Holdings, its parent company, continues to try to avoid a takeover by Alimentation Couche-Tard. This latest 7-Eleven revelation was announced last week during Seven & i Holdings’ earnings presentation. According to the parent company, about 444 locations will be closed in the future. 7-Eleven Shutters Hundreds of Stores All of these 444 shuttered locations will be located in North American countries. While Canada and Mexico will see some closures, the United States will have the most convenience…