Forever 21 plans nearly 200 store closures in second bankruptcy, Bloomberg News reports | Reuters -
The U.S.-based operator of clothing retail chain Forever 21 is planning to shut down at least 200 additional locations as...more
2/24/2025
/ Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
Class Action ,
Commercial Bankruptcy ,
Corporate Restructuring ,
Creditors ,
Cryptocurrency ,
Debt Restructuring ,
Johnson & Johnson ,
Liquidation ,
Settlement
Ex-FTX Executive Salame Sentenced to 7.5 Years in Prison | Reuters -
Former co-CEO of bankrupt cryptocurrency exchange FTX’s Bahamian subsidiary has been sentenced to 90 months in prison after pleading guilty in September...more
Red Lobster Files for Bankruptcy, but Restaurants Will Stay Open | NBC News -
The largest seafood chain in the U.S. Red Lobster has filed for voluntary bankruptcy in Florida, but it plans to keep its restaurants open. The...more
Collapsed FTX says it can pay most creditors back in full | CNN Business -
On Tuesday, collapsed cryptocurrency exchange FTX unveiled its reorganization plan and stated it has recovered adequate funds to pay the majority...more
Celsius files intent to claw back certain pre-bankruptcy withdrawals| CoinTelegraph -
On January 9, Celsius bankruptcy administrators notified creditors that account holders who took out more than $100,000 in the 90 days...more
Prison healthcare company restarts mediation after bankruptcy Judge Jones quits| Reuters -
On Tuesday, Tehum Care Services, a prison healthcare company, was granted court approval to continue with a new mediator who will...more
6 troubling questions about the Corizon bankruptcy deal| Business Insider -
In the past few weeks, the bankruptcy of Corizon, a prison health company, has been faced with questions from senators and a federal regulator...more
Bankruptcy court refuses to dismiss marijuana industry debtor Chapter 11 case| Reuters -
The U.S. Bankruptcy Court for the Central District of California has refused a motion to dismiss the Chapter 11 Bankruptcy case for...more
10/16/2023
/ Attorney's Fees ,
Bankruptcy Court ,
Bankruptcy Plans ,
Chapter 11 ,
Controlled Substances Act ,
Cryptocurrency ,
Marijuana Related Businesses ,
Mediation ,
Opioid ,
Restructuring ,
Settlement
International Longshore and Warehouse Union files for bankruptcy | Reuters -
The International Longshore and Warehouse Union (ILWU) has filed for a Chapter 11 bankruptcy protection to fend off long standing litigation...more
Rite Aid, bracing for bankruptcy, will close hundreds of stores | SuperMarket News -
As it prepares to file for bankruptcy, Rite Aid is gearing up to close as many as 500 of its 2,100 stores. The Philadelphia-based...more
Below is our initial take on recent bankruptcy-related developments: Bankrupt cryptocurrency lender Celsius Network LLC announced this week that it has chosen the proposal from Fahrenheit to exit bankruptcy. Fahrenheit, a...more
Vice Media Files for Bankruptcy as Ad Business Suffers | Reuters -
Once valued at $5.7 billion, Vice Media Group filed for bankruptcy this week with a planned sale to a group of lenders. The bankruptcy filing comes at a...more
Below is our initial take on recent bankruptcy-related developments:
In a court filing on Wednesday, bankrupt crypto exchange FTX said that it wants to claw back nearly $4 billion in funds from similarly bankrupt Genesis...more
Judge Halts Voyager Digital's $1.3 Bln Sale to Binance.US | Reuters -
On Monday, a New York federal judge stopped bankrupt Voyager Digital from completing a proposed $1.3 billion sale to crypto exchange Binance.US,...more
Major US banks inject $30 billion to rescue First Republic Bank | Reuters -
On Thursday, Credit Suisse said it will borrow up to $54 billion from Switzerland's central bank to ease fears of a global banking crisis as signs...more
Crypto-friendly lender Silvergate collapses | CNBC -
Silvergate, a Crypto focused lender, announced it will wind down its operations and voluntarily liquidate the bank. This announcement comes a week after Silvergate...more
3/13/2023
/ Banking Sector ,
Banks ,
Borrowers ,
Chapter 11 ,
Cryptocurrency ,
FDIC ,
Federal Reserve ,
Financial Services Industry ,
Insolvency ,
Lenders ,
Securities and Exchange Commission (SEC) ,
Unregistered Securities ,
Wage and Hour
Below is our initial take on recent bankruptcy-related developments:
Silvergate reported a $1 billion loss for the fourth quarter and said it is unable to meet an extended March 16 deadline for submitting its annual...more
3/6/2023
/ Annual Reports ,
Bankruptcy Court ,
Chapter 11 ,
Commercial Bankruptcy ,
Criminal Prosecution ,
Cryptocurrency ,
Debtors ,
FDIC ,
Fraud ,
Investors ,
Misappropriation ,
Trading Platforms
Judge indicates intention to dismiss J&J talc unit bankruptcy | Reuters -
Bankruptcy Judge Michael Kaplan said this week that he intends to dismiss the bankruptcy case filed by Johnson & Johnson's subsidiary, LTL...more
Failed Crypto Exchange FTX Has Recovered $5 Billion, Attorney Says | Reuters Bankrupt -
FTX has located over $5 billion of cash, liquid cryptocurrency, and liquid investment securities, which does not include another $425...more
Party City Files for Chapter 11 Bankruptcy Protection | Reuters -
Party City filed for Chapter 11 bankruptcy on Tuesday, signaling the latest retailer to seek bankruptcy protection as high inflation has affected consumer...more
BlockFi Inc. and eight of its affiliates (collectively, the “Debtors”) filed the most recent crypto-related chapter 11 this past Monday, November 28, 2022, in the U.S. Bankruptcy Court for the District of New Jersey (the...more
Juul Prepares to Seek Financing for Potential Bankruptcy Process | The Wall Street Journal -
Juul Labs Inc. has begun discussions with lenders for financing that could assist the company through a potential Chapter 11...more