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Sports Authority gives up hope of survival, will go to auction

But under Chapter 7, the creditors are on the hook for those costs.The Wall Street Journal contributed to this report. One was to pare down non-performing stores and emerge from bankruptcy with its independence intact. "It is more likely it will be stripped for parts."Another unresolved question is who will get to oversee the company's liquidation . That's because under Chapter 11, Sports Authority is responsible for its rent payments and other administrative costs.
The Denver Post
27/04
25 Points
1

People 50 Cent plans to dole out nearly $23 million over five years to pay off debt 

@50cent via Instagram The rapper has raised doubt about his broke-state after flaunting piles of money on Instagram. @50cent via Instagram The rapper claims these showy photos are fake. Jessica Hill/AP Fifty Cent's payment plan has yet to be approved by a judge and comes on the heels of the rapper reaching a deal last month which would see his biggest creditors receive %74 of what he owes them. Enlarge The rapper claims these showy photos are fake.
Daily News
13/04
14 Points
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