Reuters reports that the previous billionaire owners of Brooks Brothers are being sued for driving Brooks Brothers into the ground rather than selling it in order to avoid paying millions of dollars to one of their investors.
The investor, Tal Apparel, claims Claudio Del Vecchio and his son Mateo pressured Tal Apparel to invest $100 million and that Tal would be made whole if they later sold Brooks Brothers for less than $652 million.

The Hollywood Reporter reports that just months after having to close two beloved locations, the Alamo Drafthouse has emerged from Chapter 11 bankruptcy and will be opening 5 new theaters within the next two years!
Back in March 2021, the Alamo Drafthouse had to file for bankruptcy. Just three months later, the chain now has plans to open several new theaters in Manhattan, Staten Island, D.C., Arlington, and St Louis.
From The Article:

Bankruptcies are legal proceedings where the insolvent debtor is given financial freedom through a bankruptcy discharge, thereby granting the debtor a fresh start. In Oregon, declaring bankruptcy gives an automatic stay or bankruptcy protection so that the debtor is prevented from experiencing:

CNBC reports on the growing success of the first convenience store, 7-Eleven.
The 90-year-old convenience store launched its first Evolution store, a bigger and better version of the everyday convenience store. The Evolution store features a growler station with craft beer and a taco restaurant, along with the normal everyday items that convenience stores carry.

 You Can’t Find a Cab. Uber Prices Are Soaring. Here’s Why.The number of drivers and for-hire cars on the streets plunged during the pandemic, frustrating those seeking rides as the city starts to recover.

Bankruptcy laws allow an individual to keep some of his personal property including clothes, cars, tools of the trade, and your bank account. If your properties are exempt, the trustee in bankruptcy will not be liquidating such property to pay off your creditors. Most exemptions will protect your property but only up to a limited amount. Meaning, if you have an expensive car outside the scope exempted by law, such a car will not be exempt. However, if your car is inexpensive and with the scope of the law, then your car may be granted a bankruptcy exemption.

Bankruptcy laws allow an individual to keep some of his personal property including clothes, cars, tools of the trade, and your bank account. If your properties are exempt, the trustee in bankruptcy will not be liquidating such property to pay off your creditors. Most exemptions will protect your property but only up to a limited amount. Meaning, if you have an expensive car outside the scope exempted by law, such a car will not be exempt. However, if your car is inexpensive and with the scope of the law, then your car may be granted a bankruptcy exemption.

Austin (KXAN) reports that rental scams are on the rise in Austin, TX. Michelle Deloach is a victim of one of these rental scams. She states,

“We were so excited. It came with a dog door, a guest house and everything… Things in Austin go like that, so we thought, ‘We love this house, let’s jump on it.’ We sent over the deposit and the dog deposit and first months rent. It all added up to be $5,200.”