#bankruptcy

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Venture
fromBusiness Insider
1 day ago

'Girlboss' shares 5 lessons for founders from Nasty Gal's rise and fall

Chasing venture capital and ever-higher valuations can jeopardize a startup's stability and lead to collapse.
fromMedCity News
3 days ago

Ex-Cano Health CEO on Trial Amid $72M Fraud Claims - MedCity News

Former Cano Health CEO Marlow Hernandez is facing a jury trial this week over allegations of fraud and corruption. The trial, set to begin on Monday, will examine claims that Hernandez used his position to illicitly enrich himself and his family - actions the plaintiffs say helped drive Cano into bankruptcy. This will be the first time Hernandez has faced trial for his alleged misconduct at Cano, which he founded in 2009.
Healthcare
Business
fromTasting Table
2 days ago

How Bankruptcy Led To The Downfall Of A Once-Popular Pancake Chain From The '50s - Tasting Table

Sambo's expanded to about 1,100 restaurants through cheap breakfasts and a profit-sharing program, then declined into bankruptcy amid controversy over its racist name and imagery.
Food & drink
fromTasting Table
3 days ago

This Old-School Gold Rush-themed Steakhouse Chain Went Bankrupt Twice - Only 10 Locations Remain - Tasting Table

Claim Jumper grew from a 1977 Gold Rush–themed family steakhouse to 45 locations, later filing for bankruptcy twice and shrinking to 10 restaurants.
Law
fromwww.pressdemocrat.com
3 days ago

Santa Rosa Diocese's bankruptcy paused 260 sexual abuse lawsuits against Catholic church. Now some may proceed to trial

A small set of sexual-abuse lawsuits against the Catholic Diocese of Santa Rosa moved toward trial after the diocese's 2023 bankruptcy paused about 260 claims.
fromThe Mercury News
3 days ago

Santa Rosa Diocese's bankruptcy paused 260 sexual abuse lawsuits against Catholic church. Now some may proceed to trial

About 260 sexual abuse lawsuits were paused when the Catholic Diocese of Santa Rosa filed for bankruptcy in 2023. That has been a frustration for survivors who want the actions of their abusers, and the failings of the powerful institution that obscured the crimes, dragged into the daylight. Now, it looks like a few of those survivors may have their days in court. RELATED: Diocese of Oakland seeks to pull plug on bankruptcy, send sex abuse cases back to court
Law
US news
fromFortune
6 days ago

Top investment bank CEO says he was 'defrauded' by the bankruptcy that's rattling Wall Street. Famous shortseller sees an Enron moment | Fortune

Jefferies reports it was "defrauded" in First Brands Group's bankruptcy; its exposure is now said to be about $45 million, while market turmoil and warnings from Jim Chanos raise contagion concerns.
Germany news
fromTechCrunch
6 days ago

Defunct electric aircraft startup Lilium's tech lives on over at Archer | TechCrunch

Archer Aviation bought Lilium's 300 patent assets for €18 million, acquiring critical eVTOL technologies and expanding its global IP portfolio.
US news
fromwww.theguardian.com
1 week ago

US regional bank stocks fall amid Wall Street concern over credit markets

Regional bank stocks plunged after disclosures of bad and fraudulent loans and a major supplier bankruptcy revealed risky off-balance-sheet financing and missing assets.
fromPitchfork
1 week ago

Brooklyn Mirage Operator Seeks to Demolish Venue

Avant Gardner LLC, the bankrupt owner of the Brooklyn club complex of the same name, has applied for a permit to demolish the Mirage venue, Brooklyn Paper reports. Having failed to secure reopening permits due to safety and technical issues, Avant Gardner filed for Chapter 11 bankruptcy in August and handed its assets to a lender. The demolition permit filing does not name the Mirage but seeks to demolish 32,000 square feet of a three-story temporary structure, which describes the Mirage build within Avant Gardner, Brooklyn Paper reports.
Brooklyn
fromtherealdeal.com
1 week ago

Merchants Bank reveals more exposure to embattled Moshe Silber

The Carmel, Indiana-based regional bank, which became a go-to lender for multifamily landlords across the U.S., announced last quarter that some of its borrowers were under investigation for mortgage fraud, leading to $46.1 million in write-downs. New court filings reveal the bank's exposure to Moshe Silber, who was sentenced to 30 months in prison. In Silber and his co-conspirators scheme, they allegedly used a stolen identity to obtain an inflated $74 million loan on a Cincinnati apartment complex.
Real estate
Food & drink
fromTasting Table
1 week ago

The Once-Popular Mexican Chain That's Still Hanging On After Bankruptcy - Tasting Table

On the Border filed Chapter 11 with $19 million in debt after major closures; Pappas Restaurants purchased the brand to revitalize and expand its Tex-Mex operations.
Miscellaneous
fromwww.dw.com
1 week ago

Austria: ex-tycoon Benko guilty of fraud gets 2 years prison DW 10/15/2025

Rene Benko was convicted of defrauding investors of 660,000, sentenced to two years, and faces multiple fraud and breach-of-trust bankruptcy cases.
E-Commerce
fromThe Walrus
1 week ago

It Was Gen Z's Favourite E-tailer-until It Wasn't. Inside the Ssense Fiasco | The Walrus

Ssense, a Gen Z-targeted luxury e-tailer once valued at about $4.1 billion, faces bankruptcy and restructuring amid liquidity problems and uncertain long-term sustainability.
Startup companies
fromFast Company
1 week ago

How the 'Tesla of buses' went bust

Defective Proterra electric buses left many U.S. transit agencies with unusable, expensive vehicles and undermined decarbonization efforts after the manufacturer collapsed.
#brooklyn-mirage
fromCurbed
1 week ago
Music

Brooklyn Mirage Is Coming Down

Brooklyn Mirage will be demolished after Avant Gardner filed demolition permits following design and safety failures, Chapter 11 bankruptcy, and potential asset sale.
fromBrownstoner
2 months ago
Renovation

Shuttered Brooklyn Mirage Was Structurally Unsound, DOB Says

Brooklyn Mirage failed to meet safety codes, leading to bankruptcy and multiple canceled shows.
#alex-jones
US news
fromwww.mediaite.com
1 week ago

JUST IN: Supreme Court Rejects Alex Jones Appeal, Still Must Pay Sandy Hook Victims $1.4 Billion

The Supreme Court declined to hear Alex Jones's appeal of a $1.4 billion Sandy Hook defamation judgment, leaving lower-court damages intact.
California
fromLookout Santa Cruz
1 week ago

After 114 years, iconic Santa Cruz dry cleaner Classic Vapor falls victim to remote work culture

A 114-year-old family-run Santa Cruz dry cleaner closed and filed bankruptcy after pandemic-driven shifts to remote work and casual attire devastated business.
fromwww.cbc.ca
1 week ago

Trial for investor who allegedly kidnapped Crypto King' Aiden Pleterski set to begin | CBC News

The trial for an investor who allegedly kidnapped Ontario's self-proclaimed 'Crypto King' after losing hundreds of thousands of dollars to him is set to begin Tuesday in Toronto. Akil Heywood, 41, is facing three charges related to the alleged kidnapping of Aiden Pleterski in early December 2022, and two counts of extortion. Heywood was one of five men charged in July 2023 in connection with the alleged kidnapping.
Canada news
#retail
fromFast Company
1 week ago
Business

Metro Mattress is closing stores and winding down operations: See the list of locations that will shutter

fromFast Company
1 month ago
Business

Claire's went from millennial rite of passage to Gen Alpha washout. But don't count out the mall icon yet

fromFast Company
1 week ago
Business

Metro Mattress is closing stores and winding down operations: See the list of locations that will shutter

fromFast Company
1 month ago
Business

Claire's went from millennial rite of passage to Gen Alpha washout. But don't count out the mall icon yet

Startup companies
fromElectric Bike Reviews, News, & Testing
1 week ago

Electric Bike Company Files Bankruptcy, BatteryIQ's Safe BMS Tech, Urban Arrow's Breeze Model | TWR Ep 52

Electric Bike Company filed bankruptcy and shifts toward e-bike safety resources; Battery IQ secures funding for battery-monitoring software; Urban Arrow launches an affordable longtail.
fromSun Sentinel
1 week ago

Spirit lands bankruptcy court approval for $475 million in financing, aircraft leasing deal

Spirit Aviation Holdings, Inc., parent company of the Dania Beach-based budget carrier, announced it received approval Friday from the court in the Southern District of New York for up to $475 million in debtor-in-possesion financing from its existing bondholders. The company also won court approvals for a complex agreement with AerCap Ireland Limited, its largest aircraft lessor, to restructure an array of leases in a move that will funnel $150 million to the airline and end leases on 27 planes.
Travel
#foreclosure
fromwww.mercurynews.com
2 weeks ago
Real estate

Development of former Greyhound station in San Jose may not happen for years

A lender seeks to foreclose on a delinquent $19.5 million loan to seize a downtown San Jose site approved for about 700 housing units.
fromwww.mercurynews.com
2 months ago
East Bay real estate

Berkeley apartment owner facing loan foreclosure files for bankruptcy

The owner of a 97-unit Berkeley apartment complex filed Chapter 11 bankruptcy to delay foreclosure and auction after defaulting on a $28.3 million loan.
Business
fromwww.mercurynews.com
2 weeks ago

CareerBuilder, job website toppled by AI, wraps liquidation

Zen JV will pay lenders and creditors under 10%, distributing about $33.6 million to noteholders from a $67 million asset sale after bankruptcy.
#chapter-11
fromTasting Table
2 weeks ago
Business

The Drink Company Based In Washington State That Filed For Bankruptcy After 14 Years In Business - Tasting Table

fromTasting Table
2 weeks ago
Business

The Drink Company Based In Washington State That Filed For Bankruptcy After 14 Years In Business - Tasting Table

Travel
fromSun Sentinel
2 weeks ago

Discount airlines changed flying. Now they're in trouble

Ultra low-cost carriers expanded rapidly, then faced rising costs and intensified competition—leading to bankruptcies and inconsistent profitability despite earlier strong earnings.
#casual-dining
Business
fromTasting Table
2 weeks ago

9 Restaurant Chains That Went Bankrupt In 2025 - Tasting Table

Multiple restaurant chains, including Sticky Fingers, filed for bankruptcy in 2025 due to pandemic closures, rising costs, and declining food quality.
fromTasting Table
3 weeks ago

The Worst Mexican Chain Restaurants, According To Customers - Tasting Table

There are more than 52,000 Mexican and Tex-Mex restaurants in the entire U.S., per IBIS World. Further data from the Pew Research Center, conducted in 2024, found that 11% of American restaurants serve Mexican-style dishes, and a whopping 85% of counties in the U.S. are home to at least one Mexican restaurant. All of this is to say: Mexican food is a big deal in America.
Food & drink
#john-barnes
#publishers-clearing-house
fromAol
3 weeks ago
Business

Publishers Clearing House's new plan: Future winners will be protected. Past winners still won't get paid

fromBoston.com
1 month ago
US news

Amid bankruptcy, some Publishers Clearing House winners are facing the end of 'forever' prizes

Publishers Clearing House bankruptcy and asset sale jeopardize 'lifetime' prize payments to past winners, with ARB declining responsibility for pre-July 15 payouts.
fromwww.bostonherald.com
1 month ago
US news

Amid bankruptcy, some Publishers Clearing House winners are facing the end of forever' prizes

Publishers Clearing House winners with lifetime or pre–July 15 prizes may lose payments after PCH's Chapter 11 bankruptcy and asset sale to ARB Interactive.
fromAol
3 weeks ago
Business

Publishers Clearing House's new plan: Future winners will be protected. Past winners still won't get paid

fromBoston.com
1 month ago
US news

Amid bankruptcy, some Publishers Clearing House winners are facing the end of 'forever' prizes

Food & drink
fromTasting Table
3 weeks ago

This Once-Popular Steakhouse Chain Has One Remaining Location (It's More Remote Than You'd Think) - Tasting Table

Lone Star grew to 265 locations but later declined from rising costs, closures, private-equity changes, and bankruptcy, leaving one location in Guam.
Real estate
fromThe Mercury News
3 weeks ago

Lender plans to develop homes on San Jose former Greyhound bus terminal site that faces foreclosure

A lender seeks court approval to foreclose on the abandoned Greyhound site in downtown San Jose and proposes developing mid-rise apartments.
Real estate
fromwww.mercurynews.com
3 weeks ago

Lender plans to develop homes on San Jose former Greyhound bus terminal site that faces foreclosure

A lender seeks court approval to foreclose on an abandoned downtown San Jose Greyhound terminal to seize the site and pursue redevelopment into mid‑rise housing.
Business
fromTasting Table
3 weeks ago

This Greek Restaurant Chain Everyone Loves For Its Bottomless Mimosas Has Filed For Bankruptcy - Tasting Table

Opa! Authentic Greek Cuisine filed Chapter 7 bankruptcy and permanently closed all of its California restaurant locations.
fromTasting Table
3 weeks ago

8 Restaurant Chains That Survived Bankruptcy - Tasting Table

If you've seen the hit FX series "The Bear," you'll know that running a restaurant is tough. It seems like every episode there's a new obstacle for Carmy Berzatto and his team to hurdle, whether it's preparing for cutthroat reviewers, affording enough stock, offering timely attentive service, or simply getting customers through the door. It's a TV series, sure, but many have praised its accurate representation of the industry.
Food & drink
Food & drink
fromFast Company
3 weeks ago

Iron Hill Brewery closing all locations, joins growing list of restaurant chains to file for bankruptcy in 2025

Iron Hill Brewery & Restaurant abruptly closed all locations and notified employees of bankruptcy, ending operations across multiple eastern U.S. states.
E-Commerce
fromDefector
4 weeks ago

SEC: This Ponzi Scheme Involved Buying Modell's Out Of Bankruptcy | Defector

Retail Ecommerce Ventures bought Modell's brand after bankruptcy to sell low-cost merchandise online, despite controversies and creditor settlements.
Education
fromBoston.com
4 weeks ago

A girls' Catholic school in Wenham filed a $26 million bankruptcy. Faculty and family feel like they've been swindled.

The Academy at Penguin Hall closed and filed $26 million bankruptcy, leaving unpaid staff, parents owed tuition refunds, and its 48-acre estate facing auction.
US news
fromIndependent
4 weeks ago

Developer Sean Dunne's creditors in line for payouts next month

Creditors in Sean Dunne's bankruptcy may receive part of a $27.5m recovery after a US court hearing set for October 28.
fromBusiness Insider
4 weeks ago

Spirit has already axed flights and asked pilots to take a pay cut. Now it's furloughing 1,800 flight attendants.

About 1,800 of Spirit's roughly 5,200 flight attendants will be affected, with involuntary furloughs set to take effect on December 1. "As part of our ongoing restructuring, we are taking steps to align staffing with our fleet size and expected flight volume," the airline said in a statement to Business Insider. "We recognize the impact of this decision on affected Team Members, and we are committed to treating them with care and respect during this process," it added.
US news
#restaurant-closures
#spirit-airlines
Retirement
from24/7 Wall St.
1 month ago

JCPenney Has Not Gone Out of Business

JCPenney survives with 648 stores after bankruptcy, aided by brand recognition, mall tenancy, and discount model now threatened by tariffs.
#claires
fromAbove the Law
1 month ago
Law

Biglaw Partner Gets His Ear Pierced During Court Hearing To Celebrate Saving Claire's From Bankruptcy - Above the Law

fromAbove the Law
1 month ago
Law

Biglaw Partner Gets His Ear Pierced During Court Hearing To Celebrate Saving Claire's From Bankruptcy - Above the Law

Food & drink
fromTasting Table
1 month ago

The Once-Popular Steak Restaurant That Went Bankrupt In The '80s - Tasting Table

Victoria Station was a railroad-themed steakhouse chain that grew to over 100 locations but faced closures and filed for bankruptcy in 1986.
Law
fromAbove the Law
1 month ago

'Anti-Woke' Startup Suing Biglaw Firm Because Why The Hell Not - Above the Law

GloriFi's trustee sued Winston & Strawn for $1.7 billion alleging malpractice and fiduciary breaches that contributed to nearly $2 billion in lost enterprise value.
Business
fromEntrepreneur
1 month ago

Spirit Airlines Announces More Flight Cuts, Layoffs | Entrepreneur

Spirit Airlines will cut 25% of flight capacity in November 2025 and prepare for further job reductions amid a second bankruptcy and heavy financial losses.
fromScripps News
1 month ago

Publishers Clearing House bankruptcy ends payouts to 'forever' prize winners

Publishers Clearing House, known for its surprise home visits and oversized prize checks, has filed for bankruptcy, ending decades of "forever" payouts to past winners. The sweepstakes company, which operated for nearly 60 years, sold its assets to mobile gaming firm ARB Interactive for $7.1 million. Under the agreement, however, the buyer will not honor lifetime payments owed to winners before July 15.
Business
#hotel-sale
fromThe Mercury News
1 month ago
East Bay real estate

Buyer emerges for East Bay hotel that faces foreclosure and bankruptcy

University Inn & Suites in Berkeley will sell for $17 million to Goldfin Ventures after a 2019 loan default and bankruptcy linked to COVID losses.
fromwww.mercurynews.com
1 month ago
East Bay real estate

Buyer emerges for East Bay hotel that faces foreclosure and bankruptcy

A 113-room Berkeley hotel that defaulted on a $10.5 million loan will be sold for $17 million to Goldfiln Ventures after bankruptcy court approval.
fromTasting Table
1 month ago

The 1970s-Era Gourmet Burger Chain That Still Hangs On With 7 Remaining Locations - Tasting Table

The brand has gone through a handful of changes over the years, including being bought out for 10.2 million and filing for bankruptcy. When Max & Erma's first started, the focus was on fun. Telephones were set onto tables for customers to make phone calls across the restaurant while waiting for burgers to arrive. Patties made with 10 ounces of fresh beef quickly won over hearts and stomachs, and the chain ballooned.
Food & drink
fromwww.mercurynews.com
1 month ago

Renowned Walnut Creek chef arrested, again, in bank robbery spree

At this point, it's probably safe to say that Valentino Luchin is better at cooking risotto, calamari, and grilled lamb sirloin than he is at robbing banks. In 2018, the celebrated chef and former owner of an Italian restaurant in Walnut Creek pleaded guilty to robbing an Orinda bank and received a yearlong jail sentence, followed by probation. Now he's back in jail, this time in San Francisco, where prosecutors accuse him of robbing three banks within a single day, court records show.
US news
Cannabis
fromsfist.com
1 month ago

Vacant Haight Street Dispensary Space Now Home to Once-Bankrupt Marijuana Company Eaze

Eaze reopened a Haight Street dispensary at 1685 Haight after bankruptcy, occupying a location formerly known as Berner's/Blaze and reflecting cannabis industry volatility.
fromABC7 San Francisco
1 month ago

Pinstripes bowling alley and restaurant closes Walnut Creek location less than a year after opening

WALNUT CREEK, Calif. (KGO) -- The bowling alley and restaurant Pinstripes in Walnut Creek has unexpectedly closed. It first opened on Main Street less than one year ago. The sign outside the location today says it is permanently closed. The business took to social media saying the company is voluntarily filing for Chapter 11 bankruptcy protection and closing some locations. Copyright © 2025 KGO-TV. All Rights Reserved. Top Stories
California
#red-lobster
Music
fromLos Angeles Times
1 month ago

Damon Dash files for bankruptcy, says he is $25 million in debt: 'Let's get to work'

Damon Dash filed for Chapter 7 bankruptcy reporting $25.3 million in debt, no monthly income, and only $4,350 in assets.
#ponzi-scheme
fromFortune
2 months ago
US news

Miles 'Burt' Marshall, 73-year-old upstate New Yorker, indicted for alleged $95 million Ponzi scheme

fromFortune
2 months ago
US news

Miles 'Burt' Marshall, 73-year-old upstate New Yorker, indicted for alleged $95 million Ponzi scheme

fromThe Mercury News
1 month ago

Books Inc. finds buyer in effort to keep doors open

Barnes & Noble Booksellers, a retailer that itself has closed some stores, has emerged as the sole candidate to buy Books Inc., according to documents on file with the U.S. Bankruptcy Court. Barnes & Noble agreed to pay $3.25 million, according to a letter of intent dated July 7. The potential purchase appears to be an all-or-nothing gambit to survive, a court filing by Books Inc. Chief Executive Officer Andrew Perham indicates. Books Inc. filed for bankruptcy in January.
US news
fromPadailypost
1 month ago

Two local crypto execs sentenced to prison

Daniel Schatt, 55, of San Mateo, and Joseph Podulka, 53, of Palo Alto, each pleaded guilty on May 13 to one count of wire fraud conspiracy in connection with their roles in defrauding customers of Cred, a San Francisco-based firm that provided financial services to holders of cryptocurrency and other assets. Schatt, who co-founded Cred, served as the CEO and Podulka served as the company's CFO.
Cryptocurrency
fromTechCrunch
1 month ago

The fall of EV startup Fisker: A comprehensive timeline | TechCrunch

Fisker cut production targets multiple times, failed to meet sales goals and laid off staff. What's more, its Ocean SUV was beset with software and mechanical issues, rendering it inoperable for some. Add troublesome brakes, sudden power loss and doors that wouldn't open to the list of issues that led to multiple safety investigations and ultimately a pause in production in order to raise new capital.
Startup companies
Media industry
fromwww.theguardian.com
1 month ago

Vice Is Broke review epic levels of hubris on show in downfall of millennial media darling

Vice rose from a punk magazine to a $6bn media empire by selling cool to millennials, then collapsed into bankruptcy from hubris and lost authenticity.
US news
fromwww.mercurynews.com
2 months ago

Ronn Owens' daughter loses court bid in pregnancy scandal; must pay $200K

Arizona Supreme Court denied review, leaving a ruling that found Laura Owens' paternity claims false and ordered her to pay Clayton Echard's attorney fees.
Bicycling
fromBikeMag
2 months ago

Once-Booming Cycling Industry Now in Crisis: Another Brand Folds

7Anna Group, owner of NS Bikes and bike brands, filed for bankruptcy after distributor collapse, withheld bank funding, supplier bankruptcy, theft, and unpaid client shipments.
Miscellaneous
fromIndependent
2 months ago

Entrepreneur Illann Power takes legal challenge against prosecution for revenue and forgery offences

Illann Power, a US-based Carlow businessman and founder of Incubrands, has launched a High Court legal challenge against prosecution over nearly 90 alleged offences.
Bicycling
fromBikeMag
2 months ago

This Innovative MTB Brand Went Bankrupt in 2024, But Might Not Be Gone for Good

Pole Bicycles is selling discounted prototype frames to raise funds for brand revival after bankruptcy.
fromwww.mercurynews.com
2 months ago

Ronn Owens declares bankruptcy amid controversy over daughter, GoFundMe plea

The couple filed for bankruptcy, revealing $2.3 million in liabilities, including $511,000 owed to over 40 creditors, despite Ronn Owens' lengthy career.
Fundraising
fromtherealdeal.com
2 months ago

Flagstar takes aim at Joel Wiener's portfolio management, valuations

Flagstar Bank has accused billionaire landlord Joel Wiener of mismanaging his properties and disputing the value appraisals, raising alarms over his financial dealings.
New York City
Food & drink
fromTasting Table
2 months ago

The Failed Tex-Mex Chain That Was Almost As Popular As Chi-Chi's - Tasting Table

Don Pablo's Grille Mexicana was once a thriving Tex-Mex chain but filed for bankruptcy in 2017.
Food & drink
fromTasting Table
2 months ago

This Massive Pizza Chain Has Actually Survived Bankruptcy Twice - Tasting Table

Sbarro has declined from its peak popularity in the '80s and '90s, despite attempts to rebrand and modernize its offerings.
E-Commerce
fromFast Company
2 months ago

Why David's Bridal said 'I do' to AI

David's Bridal is transforming from a wedding dressmaker to a technology platform for the wedding industry, beginning with its AI tool, Pearl Planner.
fromBusiness Matters
2 months ago

2,000 jobs at risk as Claire's UK enters administration after US parent's bankruptcy

More than 2,000 jobs are at risk after Claire's UK entered administration, a week after its American parent company filed for Chapter 11 bankruptcy protection.
E-Commerce
Germany news
fromInsideEVs
2 months ago

This Solar EV Was Touted As A Revolution. It's Now Being Sold For Under $1,000

Sono Motors, a solar EV startup, went bankrupt in 2023 and is auctioning off its prototypes and components at low prices.
Cars
fromInsideEVs
2 months ago

This Once-Promising Chinese EV Is Now Rotting In Northern California

Byton K-Byte was planned as a competitor to Tesla Model S, but the company went bankrupt before production.
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