bankruptcy

November 6, 2019 | Ashley Peccerelli

Nothing Lasts Forever: Two More Impending Closures at Lakeforest Mall

Forever 21 and F.Y.E will be closing at Lakeforest Mall in Gaithersburg.   Forever 21 is expected to close 111 locations in the U.S. after filing for bankruptcy in September. The fast-fashion retailer released a revised list of possible store closings. The Lakeforest location is one of the few in Montgomery County that was planned to continue operating but […]

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April 19, 2018 | Alvin Carlos, CFA, CFP®

Who Should Consider Bankruptcy?

Bankruptcy is an unattractive way to get out of debt. But one of our clients chose this path, and she’s never been happier. Meet Sue Sue (not her real name) is a single mom who works in Bethesda and lives in Prince George’s County. Half of her monthly take home pay goes to rent, and […]

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September 19, 2017 | Douglas Tallman

Toys R Us Bankruptcy Part of ‘Retail Apocalypse’

News reports say national toy retailer Toys R Us filed for bankruptcy Monday and a local blogger who watches retail industry says the year has had a record number of closings of stores across the country. Cheryl Kane Heimlich, who writes the Store Reporter blog, said, “People are calling this a retail apocalypse. This is […]

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December 7, 2016 | Sonya Burke

Senator Mikulski’s “Summing Up Speech” (VIDEO)

Senator Barbara Mikulski, the longest serving woman in Congressional history, delivered her “summing up speech” today. It was a trip down memory lane for Mikulski, who recalled her roots in Baltimore and the neighborhood cause that changed the direction of her life. “I have served in elected public office for 45 years; more than half […]

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March 3, 2016 | Staff Writer

Sports Authority Closing Gaithersburg Store

Sports Authority is closing dozens of stores across the country, including its store in Gaithersburg, as part of its Chapter 11 bankruptcy. “We have identified approximately 140 stores that we intend to close or sell in the coming months,” said CEO Michael Foss in a letter posted on the company’s website. “This was a tough […]

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