Tough economic times can hit everyone hard, from entry-level employees to the owners of high-profile businesses. When things go awry for businesses, they may need to reorganize by filing for Chapter 11 bankruptcy. A fashion and gift retailer, Hilo Hattie, recently took that step for a second time.
Hilo Hattie files Chapter 11 bankruptcy for a second time
What David Cassidy's bankruptcy can teach us all
During the 1970s and 1980s, countless American teenage girls swooned over David Cassidy. This heartthrob has sold tens of millions of albums during his career and has earned money by making concert appearances and starring on television. However, it was widely reported in the press earlier this week that David Cassidy is seeking personal bankruptcy protections. How can someone who has more money than most Americans can dream of require bankruptcy protections?
