#CHAPTER11 News

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New Chapter 11 Bankruptcy Filings -- Week Ending Feb. 25, 2024

wsj.com A list of some new chapter 11 bankruptcy filings made during the last week.

Another key shipping firm files Chapter 7 bankruptcy liquidation

thestreet.com Since the Covid-19 pandemic began four years ago, logistics companies have been dealing with a number of challenges that have impacted their businesses, including supply…

Huge fashion brand files for bankruptcy; liquidation likely

thestreet.com Having a noble goal and doing good for the planet do not always lead to success. In fact, companies that bake a charitable element or green practices into their business…

Genesis Global Faces Turmoil with Parent DCG Over Repayment to Creditors

coingape.com The collapse of the crypto exchange Genesis had set a bad sentiment in the markets. Currently, the bankrupt crypto exchange will have another sore tooth with the upcoming…

Beloved retail brand survives Chapter 11 bankruptcy filing

thestreet.com Many times a company enters Chapter 11 with a plan for reorganization. Sometimes that's a fully formed plan where creditors and lenders have signed off because it makes…

Terra’s Do Kwon’s potential extradition to US delayed after court ruling

dlnews.com Montenegro’s court of appeals has overruled a previous ruling that would have left it to the country’s minister of justice to decide if Do Kwon should be extradited to the…

Top 11 Favorite 'As Seen On TV' Infomercial Products

abcnews.go.com July 17, 2009— -- It slices, it dices and it's dirt cheap! And in this down economy you are probably seeing more infomercials for it -- or any number of other products -- on…

Taco Bell menu adds an item it has never offered before

thestreet.com Taco Bell recently laid out a massive plan for its menu, sharing a number of items it plans to add or bring back. The company held a huge event Feb. 10 on the Las Vegas…

Apparel Retailer Express Moving Toward Bankruptcy

zerohedge.com Apparel Retailer Express Moving Toward Bankruptcy During the company’s last earnings call in November, recently appointed CEO Stewart Glendinning acknowledged the company…

Vice Will No Longer Publish Content on Its Website, Lays Off Hundreds of Staffers

entrepreneur.com Vice Media is the latest company to be hit by mass layoffs and a change of focus as the digital journalism industry continues to shift. In an internal memo to employees on…

Ultra low cost airline shuts down; won't refund fares

thestreet.com Bankruptcy filings by major airlines have not been a common occurrence in recent years. The last significant airline bankruptcy was Republic Airways Holdings' February 2016…

Sorrento Therapeutics Lawyers Battle Bankruptcy Fraud Allegations

wsj.com Lawyers for biopharmaceutical company Sorrento Therapeutics disputed allegations that they committed bankruptcy fraud, saying that a bank account and mailbox created in…

Victims’ Fund for Genesis Creditors Could Set a Major Precedent in Crypto Bankruptcy Cases, If Approved

unchainedcrypto.com A victims’ fund set up for creditors in the bankruptcy case of crypto lender Genesis could set a new precedent for future crypto bankruptcy cases, but that’s only if the…

Beloved beer brand liquidated after Chapter 11 bankruptcy filing

thestreet.com The beer industry has faced a battle for survival on multiple fronts. First, the covid pandemic left many breweries struggling with debt as they had to borrow money during…

'Vice' Staffers Nervous Over Shutdown And Layoff Reports

mediapost.com A not-so-mild panic seems to be spreading through the ranks at the digital news platform Vice. The Washington Post reports that Vice has stopped publishing on its website…

Vice Media stops publishing on website and cuts hundreds of jobs

bbc.com Vice Media plans to cut hundreds of jobs as it stops publishing on Vice.com, according to a memo from chief executive Bruce Dixon. In May, the firm filed for bankruptcy in…

Vice Media cuts hundreds of jobs and stops publishing on website

bbc.co.uk In May, the firm filed for bankruptcy in the US and was bought by Fortress Investment Group. Mr Dixon said "it is no longer cost-effective for us to distribute our digital…

Vice Will Cease Publishing on Vice.com and Lay Off ‘Several Hundred’ Staffers, CEO Says

variety.com Vice Media Group is making drastic changes in the face of financial difficulties. In a memo to Vice employees Thursday, CEO Bruce Dixon said the company will be cutting…

FTX can sell its Anthropic stake, judge rules

blockworks.co The FTX estate’s motion to sell its Anthropic stake was approved by a bankruptcy court on Thursday. The granting of the motion, which took place after a hearing in front of…

FTX Gets Green Light to Offload $1 Billion Anthropic Investment

coingape.com The Supreme Bankruptcy Court of the United States District Court for the District of Delaware has authorized FTX to commence the sale of its considerable interest in the…

Vice Media Staffers ‘Scramble’ Amid Reports of Website Shuttering

thewrap.com Employees of digital media website Vice are concerned about the future of their roles and are “scrambling” to save their work. They received an anonymous tip on Wednesday…

He Started a Side Hustle in His Parents' Basement and Won Big on Richard Branson's TV Show. The Business Saw Over $650 Million in Annual Revenue Last Year

entrepreneur.com This Side Hustle Spotlight Q&A features Shawn Nelson, founder and CEO of furniture manufacturer Lovesac. The company saw annual revenue over $650 million in the fiscal year…

Sam Bankman-Fried Stands by Legal Team Amidst Conflict of Interest Concerns

cryptonews.com Disgraced former FTX CEO Sam Bankman-Fried (SBF) on Wednesday confirmed plans to stick with his new lawyers Marc Mukasey and Torrey Young, who are also representing Celsius…

Iconic 90s retail and fitness brand faces Chapter 11 or 7 bankruptcy

thestreet.com At-home fitness brands have had a wild ride over the past few years. Peloton rose to prominence during the darkest days of the covid pandemic as people opted to workout in…

2023’s Biggest Crypto Collapses: Top Bankruptcies That Shocked the Market

coinpedia.org The post 2023’s Biggest Crypto Collapses: Top Bankruptcies That Shocked the Market appeared first on Coinpedia Fintech News In the last 15 years, the crypto market has…

DCG Objects Settlement Between NY Attorney and Failed Genesis

cryptonews.com Crypto VC Digital Currency Group (DCG) has called the settlement between subsidiary Genesis and New York as a “subversive arrangement.” Last week, DCG raised objections to…

Yet another small cruise line has shut down in the wake of pandemic struggles

thepointsguy.com One of America's most beloved cruise operators, American Queen Voyages, has shut down. The U.S. river cruise specialist, known for operating the iconic Mississippi River…

DCG calls NYAG, Genesis settlement agreement ‘subversive’

blockworks.co Digital Currency Group has filed an objection to the New York Attorney General’s settlement agreement with bankrupt crypto lender Genesis. The New York AG’s office and…

Bankruptcy Judge Allows Rudy Giuliani To Appeal $148 Million Defamation Verdict

zerohedge.com Bankruptcy Judge Allows Rudy Giuliani To Appeal $148 Million Defamation Verdict Authored by Caden Pearson via The Epoch Times (emphasis ours), A New York bankruptcy judge…

FTX Investors Sue Law Firm Sullivan and Cromwell For Involvement in Crypto Fraud

cryptonews.com A class action lawsuit by investors of FTX is being brought against law firm Sullivan and Cromwell for its involvement in the $8 billion fraud, according to a February 16…

Terraform Labs Founder Do Kwon to Be Extradited to U.S. From Montenegro

unchainedcrypto.com Do Kwon, the founder and former CEO of Terraform Labs, will be extradited to the United States to face fraud charges after a new Montenegrin High Court ruling, according to…

Global cruise and travel company files Chapter 11 bankruptcy

thestreet.com The damage from the covid pandemic continues to wreak havoc on companies that had otherwise been successful. In retail, that effect was obvious. People could not/did not…

George Soros’ fund set to become largest shareholder in radio giant Audacy

marketwatch.com Radio and podcasting giant Audacy Inc. has received court approval to emerge from bankruptcy, with George Soros’ investment fund on track to become the company’s largest…

New Chapter 11 Bankruptcy Filings -- Week Ending Feb. 18, 2024

wsj.com A list of some new chapter 11 bankruptcy filings made during the last week.

Judge gives approval for radio broadcaster Audacy's bankruptcy plan

thedesk.net The Audacy streaming radio app appears on a smartphone. (Photo by Focal Foto, Creative Commons; Graphic by The Desk) A federal judge in Texas has signed off on Audacy’s plan…

Audacy, owner of WEEI, gets OK to emerge from bankruptcy with Soros becoming largest shareholder

bostonherald.com The owner of WEEI and other Boston radio stations has received court approval to emerge from bankruptcy, with George Soros’ firm set to become the largest shareholder of the…

Giuliani can fight $148 million defamation verdict -- so long as someone else pays

aol.com Donald Trump's ex-lawyer Rudolph Giuliani on Monday secured a U.S. bankruptcy judge's approval to challenge a $148 million defamation verdict won by two former Georgia…

Target follows Walmart and Costco in making key checkout changes

thestreet.com Big retail has a problem that it created for itself and that can be attributed only to greed. Target and Walmart won't own that, however, because companies never cite…

Labor coalition accuses Starbucks of 'flawed' union strategy, risking shareholder value

cnbc.com Former employees and supporters join unionized Starbucks employees as they carry signs in support of a strike, outside of a Starbucks store in Arlington, Virginia, on Nov.…

Analyst: Beloved mall retailer facing Chapter 11 bankruptcy

thestreet.com Stores pay high mall rents to benefit from the foot traffic that putting a bunch of stores and restaurants all in the same place. You may not leave your house to go to Great…

Genesis’ GBTC Sale Won’t Rattle the Market: Coinbase

bitcoinnews.com Coinbase, a prominent digital asset exchange, has expressed confidence that the approval granted to bankrupt lending platform Genesis to sell its Grayscale Bitcoin Trust…

FTX Digital Reaches Global Settlement as CEO Sam Bankman-Fried Awaits Sentencing

coinpedia.org Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010.…

The stock related to Donald Trump’s “Truth Social” is soaring, but read this

marketwatch.com Donald J. Trump has a long record of business failures and bankruptcies. But after getting kicked off Twitter in 2021 he launched Truth Social, a social-media site. Truth…

SOTM Jan 25-31, 2024

5264302.fs1.hubspotusercontent-na1.net Welcome to our 157th issue of State of the Market, where we provide an overview of crypto market activity from January 25 – 31, 2024. This week in crypto markets: Celsius…

Queen Mary, once a sinking white elephant, shows signs of remarkable revival

latimes.com The Queen Mary, docked in Long Beach harbor, needs millions of dollars in repairs and had been running at a deficit. But city reports show the ocean liner-turned-tourist…

Another popular restaurant chain files Chapter 11 bankruptcy

thestreet.com Restaurants normally fail because their operators make massive financial mistakes. You can go broke running a popular eatery if you get your food and labor costs wrong. That…

Celsius Network’s $2 Billion Crypto Payout: Insights of the Court Filing

coinpedia.org The post Celsius Network’s $2 Billion Crypto Payout: Insights of the Court Filing appeared first on Coinpedia Fintech News Celsius Network LLC, the crypto lender currently…

Bethesda company reaches forbearance agreements after missed bond payment

bizjournals.com The company was reportedly close to filing for Chapter 11 bankrupcy.

Etta restaurant group files for Ch. 11 following closure of River North location

chicagotribune.com Etta Collective, which operates the Etta and Aya Pastry eateries in Chicago, has filed for Chapter 11 bankruptcy in an attempt to restructure the company’s finances. Owner…

The SEC Won't Learn on Bankless

bankless.com Gary Gensler is on a mission to waste as much of his time as possible. The SEC is holding off decisions on Ethereum ETFs from Grayscale and BlackRock until March, with…

Rudy Giuliani's legal fund raises eyebrows in bankruptcy case

newsweek.com Rudy Giuliani faces questions from his creditors over potential conflicts of interest related to how he will pay lawyers in his ongoing legal battles, new court documents in…

Genesis Approved to Sell $1.6 Billion Grayscale Bitcoin Trust Shares

decrypt.co A U.S. bankruptcy judge has granted bankrupt crypto trading desk and lender Genesis permission to sell $1.6 billion worth of its Grayscale Bitcoin Trust (GBTC) shares,…

3 popular retail brands face huge Chapter 11 bankruptcy risk

thestreet.com The past year has been brutal for both traditional and disruptive retail brands. A number of companies simply never recovered from the covid-pandemic-era shutdowns, while…

Genesis Approved to Sell $1.6B GBTC Shares

decrypt.co A U.S. bankruptcy judge has granted bankrupt crypto trading desk and lender Genesis permission to sell $1.6 billion worth of its Grayscale Bitcoin Trust (GBTC) shares,…

Today in History: Borders bookstore chain files for Chapter 11

chicagotribune.com Today is Friday, Feb. 16, the 47th day of 2024. There are 319 days left in the year. Today’s Highlight in History: On Feb. 16, 2011, bookstore chain Borders filed for…

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