Bankruptcy, Foreclosure & Loan Modification Posts in April, 2016

PopExpert Files for Bankruptcy, Searches for Buyers

PopExpert, a tech startup that was founded in 2012 with the goal of creating an online space where members could connect with career coaches, mentors, and other professionals, filed for Chapter 11 bankruptcy in early 2016. In its early days, PopExpert was wildly successful, bringing in approximately $900,000 in 2015 and an initial $3 million from investors. After approximately one year under Chief Executive Aaron Kahlow, the company suffered severe financial troubles....
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Peabody Energy Files for Chapter 11 Bankruptcy

The biggest coal company in the United States, Peabody Energy, filed for Chapter 11 bankruptcy in mid-April 2016. Multiple factors contributed to the company's slowed sales, such as the economic slowdown of China and increased regulations for the coal industry. The company has been in operation since 1883....
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  • Newland & Newland LLP, Attorneys, Arlington Heights, IL