Business Services Industry
Indianapolis-Based Sycamore Stores Inc. Files for Chapter 11.(Originated from The Indianapolis Star)
Knight Ridder/Tribune Business News, December, 1995 by Kukolla, Steve
Dec. 9--Sycamore Stores Inc. on Friday filed for Chapter 11 protection in U.S. Bankruptcy Court in Indianapolis.
The Indianapolis-based chain plans to close its 126 women's apparel shops and lay off nearly 650 employees within 10 weeks, according to documents filed with the court.
About 50 of the shops are in Indiana. Other store are in Illinois, Ohio, Michigan and Kentucky.
The company is based in a 90,000-square-foot Northwestside office and distribution center at 6075 Lakeside Blvd.
Sycamore Stores disclosed assets of $9.1 million and liabilities of $10.7 million in its Chapter 11 filing. Chapter 11 allows a company to continue operating while it works out a plan to pay its debts.
The company's biggest creditor, NBD Bank, is owed...
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express