Bankruptcy

Walgreens Plans 'Significant' Store Closures As It Faces 'Difficult Operating Environment'
Marques Brownlee Mourns Fisker's Bankruptcy: 'Need More Competition In The EV Space, But This One Never Made It Over The Hill'
Fisker's Bankruptcy Leaves Investors Asking Hard Questions About EV Viability
Marques Brownlee Mourns Fisker's Bankruptcy: 'Need More Competition In The EV Space, But This One Never Made It Over The Hill'
Fisker's Bankruptcy Leaves Investors Asking Hard Questions About EV Viability
The Craziest Parts Of The Red Lobster Bankruptcy Story Revealed
Genesis Global To Return $3B In Cryptocurrency, Cash To Customers After Court Approval: Report

Bankruptcy Recent News

MedMen's Epic Bankruptcy: The Bigger They Come ($1.7B), The Harder They Fall
The now-broke, self-proclaimed unicorn of the cannabis industry has assets worth $1 dollar (you read that right – a dollar) and $410 million in liabilities.
Once Called The 'Apple Store Of Weed' And Valued At $1.7B, This Cannabis Company Has Declared Bankruptcy
Once hailed as the first cannabis unicorn and the "Apple store of weed," MedMen spiraled as troubling financial reports began to leak.
China Says No Bullet Trains, Vacations Or Luxury Stays For Debt Skippers As Delinquency List Soars to 8M
The Chinese government is tightening the noose on debt defaulters, imposing stringent penalties that include restrictions on high-speed rail travel and luxury accommodations. This move is part of a broader crackdown on unpaid bills.
Will Trump Pull The Bankruptcy Trigger Before NY Civil Fraud Case Deadline? DOJ Veteran Expects A 'Deus Ex Machina' From Third Party
MSNBC political commentator Tim O'Brien stated that initially, New York Attorney General Letitia James may freeze Trump's assets
Guess Who's Back? Adam Neumann Reportedly Eyes WeWork As Bankruptcy Looms Large
Neumann and Third Point have been reportedly attempting to acquire crucial information from WeWork since December to formulate a bid.
Mark Cuban's 'Shark Tank' Co-Stars Annoyed Him Into Investing In Austin-Based Company Offering Color-Changing Cat Litter: 'I'm So Tired Of This'
Mark Cuban initially had reservations about investing in Genius Litter, a company that sells color-changing cat litter to alert pet owners of potential illnesses. However, a bidding war between his fellow "Shark Tank" investors led him to change his mind.
Donald Trump's Legal Quagmire Deepens, Rudy Giuliani Drops 'Unpaid Fees' Bombshell In Bankruptcy Filing
Rudy Giuliani is grappling with a $146M defamation judgment and criminal charges, raising less than $1M for his defense.
Mark Cuban-Backed Startup Sorfeo Files For Bankruptcy: 'Win Some. Lose Some,' Says Billionaire Investor
Sorfeo, launched in 2020, was co-founded by Lewyn and Hal Widlansky. The company's business model involved acquiring established brands and selling them on Amazon. Despite raising at least $1.5 million in seed funding, Sorfeo's financial situation deteriorated, with a significant drop in revenue from $4.3 million in 2022 to $1.99 million in 2023.
Radio, Podcast Titan Audacy Files For Bankruptcy Amid Plummeting Advertising Revenues
Audacy's shares, delisted from the New York Stock Exchange in November, are currently traded over the counter. The company's stock value has plummeted by a staggering 97% over the last year, closing Friday at a mere 19 cents.
Chinese Court Accepts Wealth Manager Zhongzhi's Bankruptcy Appeal Amid Property Market Turmoil
Zhongzhi, in a letter to its investors in November, had admitted to being heavily insolvent with a debt of around $64 billion.
Rising Tide Of Debt Leads To A Sharp Jump In US Bankruptcy Cases In 2023: Report
Despite this, financial conditions began to ease in the fourth quarter of 2023 after the Federal Reserve signaled the end of its rate-hike cycle.
Tesla Counters Ex-Employee's Bankruptcy Bid In $425K Legal Battle Over Elon Musk Feud
The clash between Tesla and Tripp started over allegations of trade secret breaches and leaking confidential information about Model 3 production delays.
Barry Silbert's DCG Can't Meddle With Genesis Ownership Until Chapter 11 Finalizes: Court
Genesis won a bid to block its parent company, the Barry Silbert-led Digital Currency Group (DCG), from selling or reducing ownership in the company.
What Ebix Inc's Financial Struggles Mean For EbixCash And Its India IPO Ambitions
This story was first published on the Benzinga India portal.
Will FTX Re-Start Operations After Exiting Bankruptcy? Creditors To Vote On Proposal
In its final move to end the bankruptcy case, FTX has taken a step forward to launch a yet-to-be-approved proposal for returning money to creditors.
FTX's Game-Changer: Court Greenlights $744M Grayscale Asset Sale — What This Could Mean For The Crypto Landscape
In a pivotal move, embattled crypto exchange FTX got the necessary court permission to proceed with selling assets from Grayscale Investments and Bitwise, estimated at $744 million.
Genesis, Three Arrows Capital Seeks Court's Approval To Settle For $33M Instead Of $1B
Crypto lender Genesis announced its agreement to pay $33 million to Three Arrows Capital (3AC) to settle the hedge fund's $1 billion in claims.
WeWork Files For Bankruptcy: Ex-CEO Adam Neumann Says, 'Reorganization Will Enable WeWork To Emerge Successfully'
WeWork has witnessed a dramatic corporate downfall, failing an IPO attempt and suffering from the pandemic-induced economic downturn.
Genesis New Bankruptcy Plan Creates Delays, US Trustee Objects Amendments
The U.S. government said the bankruptcy plan by Genesis haf material changes and they should be reviewed again by the company. What Happened: Crypto lender Genesis indicated in its updated bankruptcy plan that it now planned to liquidate assets and not sell them or reorganize.
WeWork Expected To File For Bankruptcy Next Week: Could The Stock See One More Pop?
WeWork Inc (NYSE: WE), the co-office space start-up that was once valued at nearly $50 billion (more than the market cap of Ford), will reportedly file for bankruptcy next week.
Crypto Exchange Bittrex Bids Goodbye To US Due To Regulatory Guidelines Push
Unlike the recent crypto firms declaring bankruptcy, Bittrex was different in two ways one being it voluntarily chose to shut down its U.S. operations and the other being it never restricted customer access to accounts and neither faced funding shortfall.
Breweries In Crisis: From Bud Light's Decline To Metropolitan Brewing's Bankruptcy
While major beer brands like Bud Light are currently facing challenges, smaller brewers aren't necessarily reaping the benefits either. Many craft breweries are grappling with financial difficulties, leading some to shut their doors for
Why Is Liquid Biopsy Firm Biocept Stock Trading Lower Today?
Biocept Inc (NASDAQ: BIOC) filed for Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware.