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Bankruptcy

    March 14, 2018
    Shoppers form a line Thursday, Nov.28, 2013, before the 5pm opening of Toys "R" Us in south Fargo. David Samson / The Forum
    Fargo Toys 'R' Us store expected to close
    FARGO—The Fargo Toys 'R' Us store is expected to close as part of a nationwide shutdown of the brand. The Wall Street Journal reported...
    business/retailMarch 14, 2018 - 5:14pm
    March 9, 2018
    A woman exits a Claire's store on Dec. 1, 2006, in New York. MUST CREDIT: Daniel Acker/Bloomberg
    Fashion accessories chain Claire's said to plan to file bankruptcy
    Claire's Stores, the fashion accessories chain where legions of preteens got their ears pierced, is preparing to file for bankruptcy in the coming...
    business/retailMarch 9, 2018 - 2:01pm
    February 28, 2018
    Diocese of St. Cloud to file bankruptcy over sex abuse cases
    ST. CLOUD, Minn.—Sexual abuse of minors by priests in the Diocese of St. Cloud over the course of many years is prompting the diocese to file for Chapter 11 bankruptcy. The diocese made the announcement Wednesday afternoon, Feb. 28, in a news release.
    newsFebruary 28, 2018 - 6:03pm
    February 5, 2018
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    Local Herberger's stores safe from closure
    METRO—Our local Herberger's stores are safe from closure, despite its parent company filing for bankruptcy. More than 40 stores nationwide...
    newsFebruary 5, 2018 - 10:45pm
    January 26, 2018
    MODE clothing stores are opening up across the midwest. Carrie Snyder / The Forum
    'We're here to take some risk': Bankruptcy case may hand development fund major hit
    FARGO—In 2015, the MODE outlet store brand was going strong with locations in Fargo, Bismarck, Grand Forks, Sioux Falls, S.D., and a handful...
    business/small-businessJanuary 26, 2018 - 2:00pm
    January 12, 2018
    An auction-goer for the BMO Harris Bank bankruptcy collateral sale in Manvel, N.D., for the McM Inc. farm waits in the shade of a row of wagons. The sale brought an estimated $1.3 million to help satisfy the bank’s $42 million debt. (Forum News Service/Agweek/Mikkel Pates)
    Lake trustee of McM farm denies fraud, says banker BMO was informed
    FERGUS FALLS, Minn. — The trustee for a lake home in Minnesota involved in the McM Inc. farm bankruptcy case has denied any fraud and said...
    business/agricultureJanuary 12, 2018 - 5:25pm
    January 6, 2018
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    AgweekTV: A Voice for FFA
    FFA is credited with the success of many students. We found a Fertile-Beltrami high school student who is finding the organization to be a real...
    newsJanuary 6, 2018 - 8:30am
    December 28, 2017
    Judge overseeing Twin Cities archdiocese bankruptcy rejects both sides' plans
    ST. PAUL — A federal bankruptcy judge has rejected both the Archdiocese of St. Paul and Minneapolis' and a group of sexual abuse survivors' proposed bankruptcy reorganization plans, which would have guided the payout to victims of abusive clergy. The ruling issued Thursday,...
    newsDecember 28, 2017 - 7:38pm
    Ron McMartin Jr., president of McM Inc., a sprawling high-value specialty crop farm based at St. Thomas, N.D., says he has no plans of quitting farming, despite false rumors. He's endured rumors of financial collapse and even that he'd committed suicide. Photo taken Oct. 10, 2016, near St. Thomas, N.D. (Forum News Service/Agweek/Trevor Peterson)
    Judge approves McM Inc. farm bankruptcy payout of $9.1 million to secured creditors
    FARGO — U.S. Bankruptcy Judge Shon Hastings in Fargo approved a mediated settlement among major secured creditors in the McM Inc. farm...
    businessDecember 28, 2017 - 6:44pm
    December 23, 2017
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    AgweekTV: McMartin Bankruptcy Update
    The trustee in the large McMartin farm bankruptcy is alleging fraud and the amount of debt has risen to more than sixty-three million dollars....
    newsDecember 23, 2017 - 8:00am
    Tennessee Roadhouse is in south Alexandria along the Target frontage road and Highway 29. (File photo)
    Popular Alexandria, Minn. eatery files for bankruptcy
    Signs on the front door said that the shuttered Tennessee Roadhouse in Alexandria was undergoing a remodel. However, owners Kevin Cunningham...
    businessOctober 23, 2017 - 8:07pm
    September 29, 2017
    Ron McMartin Jr.
    St. Thomas farmer McMartin discloses financials
    FARGO — Farmer Ron G. McMartin Jr. of St. Thomas, N.D., has provided details of his financial situation as part of a Chapter 7 liquidation...
    newsSeptember 29, 2017 - 11:17pm
    September 18, 2017
    Cities archdiocese bankruptcy costs mount
    ST. PAUL — More than two and a half years after the Archdiocese of St. Paul and Minneapolis filed for bankruptcy following a torrent of...
    newsSeptember 18, 2017 - 8:22pm
    August 30, 2017
    Doug Murch (right) a Fargo lawyer representing BMO Harris Bank of Chicago, is present for bidding at the McM Inc., in a Manvel, N.D., lot on Aug. 30. Prices for potato equipment were fair to “light” while the farm’s livestock equipment sales were strong. Mikkel Pates / Forum News Service
    Bankrupt North Dakota farm giant McM sells off equipment collateral
    MANVEL, N.D. — BMO Harris Bank of Chicago on Aug. 30 sold equipment collateral from the bankrupt McM Inc. farming behemoth, formerly based...
    newsAugust 30, 2017 - 7:35pm
    August 14, 2017
    Ron McMartin Jr., president of McM Inc., a sprawling high-value specialty crop farm based at St. Thomas, N.D., says he has no plans of quitting farming, despite false rumors. He's endured rumors of financial collapse and even that he'd committed suicide. Photo taken Oct. 10, 2016, near St. Thomas, N.D. (Forum News Service/Agweek/Trevor Peterson)
    Minn. lawyer appointed to gather assets in McMartin bankruptcy case
    MINNEAPOLIS — A federal judge has granted a bank's motion to put a receiver in charge of gathering personal assets of Ron McMartin Jr....
    business/agricultureAugust 14, 2017 - 4:26pm
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