Tag Archive | "Chapter 11"

Santa Claus Forced to File Chapter 11 Bankruptcy


Yes, Virginia, there is a Santa Claus, unfortunately, he can’t pay his mounting debt and therefore won’t be visiting your home with lots of toys and goodies.

Due to the economic downturn felt all over the globe, Santa Claus International has been forced to file for Chapter 11 bankruptcy. A press release issued at the last minute Friday had the jolly old elf himself near tears as he announced that his beloved toy operation would no longer exist, and he would be staying put in the North Pole this year instead of delivering toys to children and adults around the world. Read the full story

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