Discovery Zone - Bankruptcy

Bankruptcy

Stretched thin by expansion, changes in management tried to save the company, however Discovery Zone filed for bankruptcy on March 26, 1996 in Wilmington, Delaware with debts of up to $366.8 million. By the end of 1999, Chuck E. Cheese's had purchased approximately 500 of DZ's locations and turned many of them into Chuck E. Cheese's facilities while shutting down the rest.

Read more about this topic:  Discovery Zone

Other articles related to "bankruptcy":

My Rich Uncle - Bankruptcy
... On February 9, 2009, MRU filed for Chapter 7 bankruptcy liquidation and suspended all operations ...
Fraudulent Conveyances Act 1571 - United States
... Both the Bankruptcy Act of 1938 and the Bankruptcy Reform Act of 1978 also included their own versions of the UFCA, thus ensuring that bankruptcy trustees can "avoid" (in other words, reverse) fraudulent ...
Bankruptcy - In Individual Countries - Europe in General
... An increase in the number of bankruptcy cases does not necessarily entail an increase in bad debt write-off rates for the economy as a whole ... Bankruptcy statistics are also a trailing indicator ... There is a time delay between financial difficulties and bankruptcy ...
Reddy Ice
... The company declared Chapter 11 bankruptcy on April 5, 2012, in Dallas citing $434 million in assets against $531 million liabilities ... According to a prepackaged bankruptcy plan backed by Centerbridge Partners the company would merge Arctic Glacier which is also in bankruptcy with Centerbridge forgiving the debt in exchange for an ownership position ...
Lord Nicholas Hervey - Illness, Bankruptcy, and Death
... and in 1991, after being forced to declare bankruptcy, voluntarily underwent treatment in a clinic ... He was forced to declare bankruptcy due to his owing £38,000, which the trustees of his trust refused to fund, to lawyers of the defendants following the failure of the lawsuit he and his elder half-brother ... (in 2003 her wealth was estimated at £45,000,000), did not act to prevent the bankruptcy, which immediately preceded his institutionalization ...

Famous quotes containing the word bankruptcy:

    A woman’s whole life is a history of the affections. The heart is her world: it is there her ambition strives for empire; it is there her avarice seeks for hidden treasures. She sends forth her sympathies on adventure; she embarks her whole soul on the traffic of affection; and if shipwrecked, her case is hopeless—for it is a bankruptcy of the heart.
    Washington Irving (1783–1859)

    The heritage of the American Revolution is forgotten, and the American government, for better and for worse, has entered into the heritage of Europe as though it were its patrimony—unaware, alas, of the fact that Europe’s declining power was preceded and accompanied by political bankruptcy, the bankruptcy of the nation-state and its concept of sovereignty.
    Hannah Arendt (1906–1975)

    You must get your living by loving. But as it is said of the merchants that ninety-seven in a hundred fail, so the life of men generally, tried by this standard, is a failure, and bankruptcy may be surely prophesied.
    Henry David Thoreau (1817–1862)