Bankruptcy

Deal Dispatch: Shell, Unilever And More Are On The Sell Side; The Onion Makes Alex Jones Cry Foul
Joke's On Jones: Onion, Backed By Families Of Sandy Hook Victims, Buys Info Wars
Deal Dispatch: Prison Companies In Focus Post-Election, Tripadvisor Boasts $11B In Cash
Joke's On Jones: Onion, Backed By Families Of Sandy Hook Victims, Buys Info Wars
Deal Dispatch: Prison Companies In Focus Post-Election, Tripadvisor Boasts $11B In Cash
Deal Dispatch: TGI Fridays Goes Bankrupt, BHP Backtracks Comments And More M&A News
Deal Dispatch: UFC, WWE Parent TKO Takes On Bull Riding; Endeavor Looks To Sell Tennis; Another Car Company Goes Bankrupt

Bankruptcy Recent News

Spirit Airlines Struggles To Regain Altitude As Competitors Soar, Bankruptcy Concerns Intensify
Spirit Airlines (SAVE) is struggling with financial troubles and fast-tracking the retirement of its Airbus A319 fleet, raising concerns for investors about a potential bankruptcy as competitors in the airline industry soar.
California Cannabis Company StateHouse Holdings Enters Bankruptcy, Halts Trading On Canadian Securities Exchange
StateHouse Holdings files for bankruptcy, halts trading on the CSE, and faces receivership amid mounting debts, marking a pivotal moment for the cannabis company.
Spirit Airlines Bankruptcy Chatter Has Critics Blaming Biden: Here's What History Shows About Carrier Mergers
Precedent shows that a deal with JetBlue wouldn't have been a safety net for Spirit as most major airline mergers lead to job losses.
Spirit Airlines Drops Over 40% Amid Bankruptcy Discussions
Spirit Airlines Inc. (NYSE: SAVE) experienced a significant drop of over 40% in pre-market trading on Friday. This decline follows reports of the airline engaging in bankruptcy talks with bondholders.
Spirit Airlines Engages In Bankruptcy Talks Amid Financial Struggles: Report
Spirit is considering a Chapter 11 filing as it grapples with significant financial challenges. The airline is also looking into restructuring its balance sheet through an out-of-court transaction. However, recent discussions have primarily focused on securing an agreement with bondholders and creditors to support a bankruptcy filing.
Elon Musk Says America 'Headed For Bankruptcy' As National Debt Skyrockets $204B In A Day
Federal debt increased by $204 billion in the new fiscal year, jumping to new record of $35.669 trillion.
Tupperware Seeks Bankruptcy Protection As Demand For Its Colorful Containers Fades In The E-Commerce Era
Tupperware Brands has filed for Chapter 11 bankruptcy, citing declining demand for its products and a lack of modern e-commerce strategy.
US Loses Out To South Korea Over Extradition Of Terraform Labs' Do Kwon
Do Kwon, the disgraced co-founder of Terraform Labs, is set to be extradited from Montenegro to South Korea, as per a court ruling. The decision rejects a U.S. extradition request.
Online Education Pioneer 2U Files For Chapter 11 Bankruptcy, Assures No Service Disruption Amid Debt Crisis
2U Inc., a prominent online education company, has filed for Chapter 11 bankruptcy protection. The Maryland-based firm has been grappling with mounting debt and intensified competition.
Corporate Bankruptcies Hit A High In June: Is The US Economy Slowing? (UPDATED)
The US economy is slowing and companies are struggling due to high interest rates. Corporate bankruptcies in June were the highest since early 2020.
Saks Fifth Avenue's Parent Company To Buy Neiman Marcus For $2.65B, With Amazon's Help: Report
The parent company of Saks Fifth Avenue has reportedly agreed to acquire its rival Neiman Marcus for $2.65 billion. The deal, which is expected to be announced imminently, will see the involvement of Amazon.com Inc.
Walgreens Plans 'Significant' Store Closures As It Faces 'Difficult Operating Environment'
Major US pharma chain Walgreens to close undisclosed number of stores due to headwinds, CEO acknowledges challenges. Rite Aid also faces bankruptcy.
Marques Brownlee Mourns Fisker's Bankruptcy: 'Need More Competition In The EV Space, But This One Never Made It Over The Hill'
Marques Brownlee, the prominent tech YouTuber known as MKBHD, expressed his disappointment over the bankruptcy of Fisker Inc., underlining the need for more competition in the electric vehicle sector.
Fisker's Bankruptcy Leaves Investors Asking Hard Questions About EV Viability
EV manufacturer Fisker filed for bankruptcy due to cash flow and manufacturing issues. Other EV makers like Tesla, Rivian, and Lucid may also face challenges.
The Craziest Parts Of The Red Lobster Bankruptcy Story Revealed
Red Lobster, once the world's biggest seafood chain, filed for Chapter 11 bankruptcy. Mismanagement, leadership changes, and shady deals contributed.
Genesis Global To Return $3B In Cryptocurrency, Cash To Customers After Court Approval: Report
Genesis Global approved to return $3B in cash and crypto to clients, leaving owner DCG with no recovery from bankruptcy.
FTX To Pay Back Customers In Full, With Interest, As It Amasses Billions In Cash: 'This Is Just An Unbelievable Result,' Says CEO
FTX, the cryptocurrency exchange that filed for bankruptcy in November 2022, has accumulated a substantial cash reserve, allowing it to fully reimburse its customers.
Fisker Stumbles First In Europe: EV Startup Files For Bankruptcy Protection In Austria
The Austrian unit said in a statement that no other entities of Fisker are included in the restructuring.
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.

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