Many businesses folded during the pandemic, and those that didn't may have taken out a loan in order to ride the storm out. Well it seems like those loans were perhaps more hurtful than helpful in the long run to more businesses than we thought.
A well-known national chain is making big changes in an effort to survive. After struggling for years, the company has announced it will be shutting down over 200 locations, including several in Minnesota.
The Archdiocese of St. Paul and Minneapolis has agreed to a $210 million settlement with victims of clergy sexual abuse as part of a plan for bankruptcy reorganization.
Hancock Fabrics is preparing to close their doors. The Mississippi-based company voluntarily filed for Chapter 11 bankruptcy back in February to reorganize the business.