Nature and the creativity that nature inspires lost one of their most ingenious advocates on May 23, 2021: Former Blowing Rock resident Eric Carle passed away at the age of
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Eleven companies with more than $50 million of liabilities have filed for bankruptcy so far this year, a relative slowdown compared with the 20 filed each month on average last year, according to data compiled by Bloomberg.
Alpha Media, which operates more than 200 radio stations across the country, filed for bankruptcy this week after Covid-19 crushed its customers’ advertising budgets. It marked the second communications sector bankruptcy of the year, following yearbook maker American Achievement.
There could be a pickup in restructurings in February as companies evaluate their next steps, said Jeffrey Cohen, chairman of the bankruptcy department at law firm Lowenstein Sandler. It’s not unusual to see a lull in January filings, especially in retail, as companies evaluate holiday performance, he said.