Rockport has filed for Chapter 11 of the U.S. Bankruptcy Code, reports USA Today. In efforts to remain in the shoemaking business, the company plans to sell its assets to private equity firm Charlesbank. However, the company may be forced to close its retail stores. (There are 27 in the U.S.) USA Today has more info.
Seniors are used to getting special treatment at tax time. Are those days gone?