Goodwill Of Southern Nevada Files For Bankruptcy

Goodwill Industries of Southern Nevada filed for Chapter 11 bankruptcy today. According to Goodwill, their recent expansion, combined with the retail downturn and increased operating cost to run their stores led them to the difficult decision of filing for Chapter 11. Goodwill has retained a firm to help them develop and facilitate a reorganization plan. In a statement the nonprofit has “made important changes in leadership by adding interim CEO John Helderman in May 2017 and new Chief Financial Officer Beattie Dustin March 2017 to add a fresh perspective and drive necessary change.” Goodwill said it's also made institutional and operational changes designed to make the organization more efficient and reduce costs.