#bankruptcy

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#tgi-fridays

Citing the pandemic, TGI Fridays files for bankruptcy

TGI Fridays' parent company filed for bankruptcy primarily due to COVID-19 pandemic impacts, seeking a long-term survival strategy.

TGI Fridays is worried it won't have enough cash if customers redeem $50 million in outstanding gift cards that don't expire

TGI Fridays faces Chapter 11 bankruptcy challenge compounded by $49.7 million in potentially redeemable gift cards.

TGI Fridays, the Casual Dining Chain, Files for Bankruptcy

TGI Fridays has filed for Chapter 11 bankruptcy to restructure and address financial difficulties, while continuing to operate all its U.S. locations.

TGI Fridays Files for Chapter 11 Bankruptcy

TGI Fridays filed for Chapter 11 bankruptcy, citing financial challenges exacerbated by COVID-19 and a declining middle-class spending power.

TGI Fridays files for bankruptcy protection, looking for ways to "ensure the long-term viability"

TGI Fridays has filed for Chapter 11 bankruptcy primarily due to challenges posed by the Covid-19 pandemic.

Restaurant chain TGI Fridays files for bankruptcy protection

TGI Fridays seeks Chapter 11 bankruptcy protection due to financial struggles exacerbated by COVID-19 and declining dine-in business.

Citing the pandemic, TGI Fridays files for bankruptcy

TGI Fridays' parent company filed for bankruptcy primarily due to COVID-19 pandemic impacts, seeking a long-term survival strategy.

TGI Fridays is worried it won't have enough cash if customers redeem $50 million in outstanding gift cards that don't expire

TGI Fridays faces Chapter 11 bankruptcy challenge compounded by $49.7 million in potentially redeemable gift cards.

TGI Fridays, the Casual Dining Chain, Files for Bankruptcy

TGI Fridays has filed for Chapter 11 bankruptcy to restructure and address financial difficulties, while continuing to operate all its U.S. locations.

TGI Fridays Files for Chapter 11 Bankruptcy

TGI Fridays filed for Chapter 11 bankruptcy, citing financial challenges exacerbated by COVID-19 and a declining middle-class spending power.

TGI Fridays files for bankruptcy protection, looking for ways to "ensure the long-term viability"

TGI Fridays has filed for Chapter 11 bankruptcy primarily due to challenges posed by the Covid-19 pandemic.

Restaurant chain TGI Fridays files for bankruptcy protection

TGI Fridays seeks Chapter 11 bankruptcy protection due to financial struggles exacerbated by COVID-19 and declining dine-in business.
moretgi-fridays
#fraud

FTX CTO Gary Wang avoids prison time | TechCrunch

Gary Wang's cooperation resulted in no prison time, contrasting with harsher sentences for other FTX executives.

Start-Up Founder Who Sold A.I. Chatbot to Schools Is Charged With Fraud

Joanna Smith-Griffin, founder of AllHere Education, faces serious charges for defrauding investors and misrepresenting company success.

FTX CTO Gary Wang avoids prison time | TechCrunch

Gary Wang's cooperation resulted in no prison time, contrasting with harsher sentences for other FTX executives.

Start-Up Founder Who Sold A.I. Chatbot to Schools Is Charged With Fraud

Joanna Smith-Griffin, founder of AllHere Education, faces serious charges for defrauding investors and misrepresenting company success.
morefraud
#spirit-airlines

Spirit Airlines files bankruptcy after heavy losses

Spirit Airlines filed for Chapter 11 bankruptcy after failed merger attempts led to severe financial losses.
The airline aims to emerge as a more sustainable company post-bankruptcy.

US no-frills pioneer Spirit Airlines files for bankruptcy protection

Spirit Airlines files for Chapter 11 bankruptcy, the first major US airline since 2011, citing losses and competitive pressures.

Spirit Airlines files for bankruptcy as financial losses pile up and debt payments loom

Spirit Airlines has filed for bankruptcy protection to reboot amidst $2.5 billion losses and over $1 billion in impending debt payments.

Spirit Airlines is selling planes worth $500 million and cutting staff as it fights to stay in the air

Spirit Airlines is implementing significant measures to reduce costs and raise cash amid financial difficulties following the failed merger with JetBlue.

Spirit Airlines CFO faces 'uphill battle' as airline navigates Chapter 11 process

Spirit Airlines has filed for Chapter 11 bankruptcy to restructure $795 million in debt amidst ongoing financial struggles. Their new CFO will lead the turnaround efforts.

Spirit Airlines says it won't release its quarterly earnings because the company is knee-deep in debt restructuring talks

Spirit Airlines is prioritizing debt restructuring talks with bondholders over financial disclosures, indicating significant operational challenges amid ongoing financial losses.

Spirit Airlines files bankruptcy after heavy losses

Spirit Airlines filed for Chapter 11 bankruptcy after failed merger attempts led to severe financial losses.
The airline aims to emerge as a more sustainable company post-bankruptcy.

US no-frills pioneer Spirit Airlines files for bankruptcy protection

Spirit Airlines files for Chapter 11 bankruptcy, the first major US airline since 2011, citing losses and competitive pressures.

Spirit Airlines files for bankruptcy as financial losses pile up and debt payments loom

Spirit Airlines has filed for bankruptcy protection to reboot amidst $2.5 billion losses and over $1 billion in impending debt payments.

Spirit Airlines is selling planes worth $500 million and cutting staff as it fights to stay in the air

Spirit Airlines is implementing significant measures to reduce costs and raise cash amid financial difficulties following the failed merger with JetBlue.

Spirit Airlines CFO faces 'uphill battle' as airline navigates Chapter 11 process

Spirit Airlines has filed for Chapter 11 bankruptcy to restructure $795 million in debt amidst ongoing financial struggles. Their new CFO will lead the turnaround efforts.

Spirit Airlines says it won't release its quarterly earnings because the company is knee-deep in debt restructuring talks

Spirit Airlines is prioritizing debt restructuring talks with bondholders over financial disclosures, indicating significant operational challenges amid ongoing financial losses.
morespirit-airlines
#infowars

Infowars Sale To The Onion Plagued By Alex Jones-Level Chaos

The Onion's acquisition of Free Speech Systems sparks legal controversy and accusations of misconduct during bankruptcy auction process.

Alex Jones asks judge to halt sale of Infowars site to The Onion

Alex Jones is challenging the sale of Infowars, claiming collusion involving The Onion and Sandy Hook families.

The fight for Alex Jones' Infowars company heats up as Jones sues to hold on

Alex Jones is filing a lawsuit against The Onion to block their bid for Infowars, claiming unfair auction practices.
The Onion's bid was structured to benefit shooting victims' families financially.

Judge orders hearing to review Onion's purchase of Alex Jones's InfoWars

A judge has ordered a hearing to review the fairness of the InfoWars auction purchased by the Onion amidst concerns from Jones's legal team.

The Onion's Bid to Buy Infowars, Alex Jones's Site, Is Being Contested

The Onion acquired Infowars amid bankruptcy, but the sale faces challenges from a late objection from an affiliated bidder.
The ongoing turmoil reflects the chaotic nature of Infowars' bankruptcy proceedings as they attempt to liquidate assets.

Infowars Sale To The Onion Plagued By Alex Jones-Level Chaos

The Onion's acquisition of Free Speech Systems sparks legal controversy and accusations of misconduct during bankruptcy auction process.

Alex Jones asks judge to halt sale of Infowars site to The Onion

Alex Jones is challenging the sale of Infowars, claiming collusion involving The Onion and Sandy Hook families.

The fight for Alex Jones' Infowars company heats up as Jones sues to hold on

Alex Jones is filing a lawsuit against The Onion to block their bid for Infowars, claiming unfair auction practices.
The Onion's bid was structured to benefit shooting victims' families financially.

Judge orders hearing to review Onion's purchase of Alex Jones's InfoWars

A judge has ordered a hearing to review the fairness of the InfoWars auction purchased by the Onion amidst concerns from Jones's legal team.

The Onion's Bid to Buy Infowars, Alex Jones's Site, Is Being Contested

The Onion acquired Infowars amid bankruptcy, but the sale faces challenges from a late objection from an affiliated bidder.
The ongoing turmoil reflects the chaotic nature of Infowars' bankruptcy proceedings as they attempt to liquidate assets.
moreinfowars
#oakland

Oakland must take 'immediate action' to avoid bankruptcy, report says

Oakland risks bankruptcy due to expected $93 million shortfall in its general-purpose fund without immediate spending cuts.

Oakland accidentally publishes draft report saying city is nearly bankrupt before swapping it with official document

Oakland officials accidentally disclosed a dire financial report warning of a potential bankruptcy, which was swiftly replaced with less alarming language.

Bombshell report that warned of Oakland facing bankruptcy is deleted, replaced

Oakland is facing a significant financial crisis, with officials warning that a bankruptcy may be imminent if spending cuts are not implemented.

Oakland must take 'immediate action' to avoid bankruptcy, report says

Oakland risks bankruptcy due to expected $93 million shortfall in its general-purpose fund without immediate spending cuts.

Oakland accidentally publishes draft report saying city is nearly bankrupt before swapping it with official document

Oakland officials accidentally disclosed a dire financial report warning of a potential bankruptcy, which was swiftly replaced with less alarming language.

Bombshell report that warned of Oakland facing bankruptcy is deleted, replaced

Oakland is facing a significant financial crisis, with officials warning that a bankruptcy may be imminent if spending cuts are not implemented.
moreoakland

Lies, greed and exploding crockpots: How PE firm Cornell Capital's purchase of Instant Brands went very wrong

The bankruptcy case involving Instant Brands reflects issues of greed and deceit among corporate stakeholders, exacerbated by alleged financial manipulation.
#red-lobster

New Red Lobster menu: Endless shrimp is gone for good, but this customer favorite is back as chain tries to hook younger diners

Red Lobster aims to revive its brand through a revamped menu and targeted strategies under new CEO Damola Adamolekun post-bankruptcy.

Red Lobster is on a hiring spree to replace its C-suite in the aftermath of the endless shrimp debacle

Red Lobster faces challenges after bankruptcy, largely due to the Endless Shrimp promotion, prompting structural changes under new CEO Damola Adamolekun.

Red Lobster's CEO has a new favorite dish at the chain he's trying to revive

Red Lobster's CEO is revamping the brand after bankruptcy, focusing on a $70 million plan and a reduced menu with new items.

Red Lobster CEO says endless shrimp is never coming back because 'I know how to do math'

Red Lobster is restructuring post-bankruptcy, moving away from unsustainable promotions under new CEO Damola Adamolekun.

New Red Lobster menu: Endless shrimp is gone for good, but this customer favorite is back as chain tries to hook younger diners

Red Lobster aims to revive its brand through a revamped menu and targeted strategies under new CEO Damola Adamolekun post-bankruptcy.

Red Lobster is on a hiring spree to replace its C-suite in the aftermath of the endless shrimp debacle

Red Lobster faces challenges after bankruptcy, largely due to the Endless Shrimp promotion, prompting structural changes under new CEO Damola Adamolekun.

Red Lobster's CEO has a new favorite dish at the chain he's trying to revive

Red Lobster's CEO is revamping the brand after bankruptcy, focusing on a $70 million plan and a reduced menu with new items.

Red Lobster CEO says endless shrimp is never coming back because 'I know how to do math'

Red Lobster is restructuring post-bankruptcy, moving away from unsustainable promotions under new CEO Damola Adamolekun.
morered-lobster

Fisker Ocean One-Year Owner Review: It Still Works Great After 11,000 Miles

Despite bankruptcy, some Fisker Ocean EVs are performing well after driving over 10,000 miles.

Reminiscing on YES Network's new "Name That Yankee" feature

Diamond Sports Group's bankruptcy disrupts baseball broadcasting for several teams, thrusting MLB into direct control of production.
#politics

How Legal Leaders Can Drive Integrity In Today's Business World

Concerns arise over transparency in the bankruptcy auction process pertaining to Infowars and its sale to The Onion.

It's Pathetic!' Anderson Cooper Goes off on Rudy Giuliani for Trying to Game the System' in Court

Rudy Giuliani is accused of misrepresenting assets during bankruptcy, with hosts Cooper and Toobin expressing disdain for his actions and fall from grace.

How Legal Leaders Can Drive Integrity In Today's Business World

Concerns arise over transparency in the bankruptcy auction process pertaining to Infowars and its sale to The Onion.

It's Pathetic!' Anderson Cooper Goes off on Rudy Giuliani for Trying to Game the System' in Court

Rudy Giuliani is accused of misrepresenting assets during bankruptcy, with hosts Cooper and Toobin expressing disdain for his actions and fall from grace.
morepolitics

Morning Docket: 11.15.24

Concerns over transparency in the bankruptcy auction for Infowars prompt judiciary scrutiny.
#diamond-sports-group

The Opener: Platinum Gloves, Objection Deadline, Premier12

The 2024 Platinum Glove winners will be announced, recognizing the best defensive player in MLB regardless of position.

Braves and MLB reject Diamond Sports Group's Bankruptcy plan

Diamond Sports Group's bankruptcy proceedings have significant implications for MLB and the Braves, highlighting concerns over the future financial stability of the group.

MLB has 'grave concerns' for Diamond reorg plan

MLB and Braves challenge Diamond Sports' reorganization plan due to serious financial and transparency concerns.

What Diamond Sports ruling means for fans -- and their favorite teams

Diamond Sports Group's bankruptcy reorganization marks a shift in how regional sports networks will operate, emphasizing direct-to-consumer streaming.

Rays, Tigers Reach Deals With Diamond Sports Group

Diamond Sports Group is restructuring broadcasting deals with MLB teams amidst ongoing bankruptcy efforts.

The Opener: Platinum Gloves, Objection Deadline, Premier12

The 2024 Platinum Glove winners will be announced, recognizing the best defensive player in MLB regardless of position.

Braves and MLB reject Diamond Sports Group's Bankruptcy plan

Diamond Sports Group's bankruptcy proceedings have significant implications for MLB and the Braves, highlighting concerns over the future financial stability of the group.

MLB has 'grave concerns' for Diamond reorg plan

MLB and Braves challenge Diamond Sports' reorganization plan due to serious financial and transparency concerns.

What Diamond Sports ruling means for fans -- and their favorite teams

Diamond Sports Group's bankruptcy reorganization marks a shift in how regional sports networks will operate, emphasizing direct-to-consumer streaming.

Rays, Tigers Reach Deals With Diamond Sports Group

Diamond Sports Group is restructuring broadcasting deals with MLB teams amidst ongoing bankruptcy efforts.
morediamond-sports-group

Oakland Diocese's plan to settle sex abuse claims is a 'sham,' survivors group says

The Oakland Diocese's bankruptcy exit plan faces criticism for insufficient compensation following hundreds of sex abuse lawsuits.
#healthcare

5 South Florida hospitals are under new management. What that may mean for healthcare

Five South Florida hospitals are now permanently owned by Healthcare Systems of America after a bankruptcy settlement, aiming to address operational challenges.

A healthcare company in Florida has hit a financial wall. What that means for patients

Wellpath Holdings has declared bankruptcy due to over $644 million in debt, affecting mental health service delivery in multiple states.

5 South Florida hospitals are under new management. What that may mean for healthcare

Five South Florida hospitals are now permanently owned by Healthcare Systems of America after a bankruptcy settlement, aiming to address operational challenges.

A healthcare company in Florida has hit a financial wall. What that means for patients

Wellpath Holdings has declared bankruptcy due to over $644 million in debt, affecting mental health service delivery in multiple states.
morehealthcare
#real-estate

Landlords Bombard Brooklyn Bankruptcy Court With Hopeless Cases

Many corporate landlords in NYC are excessively filing bankruptcies without legal representation, complicating the court system and delaying foreclosure processes.

What Happens When a City of Billionaires Goes Broke? California Town's Housing Market on Edge as Bankruptcy Looms

Portola Valley faces financial troubles despite its wealthy demography due to rising costs and low-income housing mandates.

Calif. city of billionaires is going broke - why town's housing market is on the edge

Portola Valley, despite its wealthy status, is facing financial struggles primarily due to high expenditures and new housing requirements.

Landlords Bombard Brooklyn Bankruptcy Court With Hopeless Cases

Many corporate landlords in NYC are excessively filing bankruptcies without legal representation, complicating the court system and delaying foreclosure processes.

What Happens When a City of Billionaires Goes Broke? California Town's Housing Market on Edge as Bankruptcy Looms

Portola Valley faces financial troubles despite its wealthy demography due to rising costs and low-income housing mandates.

Calif. city of billionaires is going broke - why town's housing market is on the edge

Portola Valley, despite its wealthy status, is facing financial struggles primarily due to high expenditures and new housing requirements.
morereal-estate
#ftx

FTX Sues Binance, Former CEO CZ for $1.8B

FTX is suing Binance and its former CEO over a fraudulent share repurchase deal involving insolvent financial practices.

FTX is suing super PACs and dark-money groups to claw back over $38 million in political giving

FTX's estate seeks over $38 million from PACs for funds allegedly misappropriated from customer deposits to influence politics.

FTX sues Binance for $1.76B in battle of crypto exchanges founded by convicts

FTX's bankruptcy estate is suing Binance for at least $1.76 billion in alleged fraudulent transfers.

FTX bankruptcy estate sues Anthony Scaramucci, FWD.us, others | TechCrunch

FTX is suing Anthony Scaramucci and others to recover funds lost before its bankruptcy, alleging a scheme to maintain Bankman-Fried's influence.

Former Alameda co-CEO Sam Trabucco forfeits yacht, apartments to FTX creditors

Sam Trabucco will transfer significant assets to FTX creditors following the cryptocurrency exchange's collapse and bankruptcy.

FTX's $228M Settlement With Bybit Brings Conclusion of Epic Liquidation Closer

FTX secured over $200 million from Bybit, aiding its bankruptcy recovery plan for compensating former customers and creditors.

FTX Sues Binance, Former CEO CZ for $1.8B

FTX is suing Binance and its former CEO over a fraudulent share repurchase deal involving insolvent financial practices.

FTX is suing super PACs and dark-money groups to claw back over $38 million in political giving

FTX's estate seeks over $38 million from PACs for funds allegedly misappropriated from customer deposits to influence politics.

FTX sues Binance for $1.76B in battle of crypto exchanges founded by convicts

FTX's bankruptcy estate is suing Binance for at least $1.76 billion in alleged fraudulent transfers.

FTX bankruptcy estate sues Anthony Scaramucci, FWD.us, others | TechCrunch

FTX is suing Anthony Scaramucci and others to recover funds lost before its bankruptcy, alleging a scheme to maintain Bankman-Fried's influence.

Former Alameda co-CEO Sam Trabucco forfeits yacht, apartments to FTX creditors

Sam Trabucco will transfer significant assets to FTX creditors following the cryptocurrency exchange's collapse and bankruptcy.

FTX's $228M Settlement With Bybit Brings Conclusion of Epic Liquidation Closer

FTX secured over $200 million from Bybit, aiding its bankruptcy recovery plan for compensating former customers and creditors.
moreftx
#streaming-services

You'll soon be able to stream individual NBA and NHL games for $7 a pop

Diamond Sports Group will offer single-game pricing for NBA and NHL games starting Dec. 5, enhancing viewing options for fans.

People Are Emptying Redbox Machines For Free Following Bankruptcy

Redbox kiosks are being raided for DVDs following the company's bankruptcy.
People are sharing experiences and photos of taking movies from abandoned kiosks.
Kiosks are often malfunctioning, allowing free access to movies.

You'll soon be able to stream individual NBA and NHL games for $7 a pop

Diamond Sports Group will offer single-game pricing for NBA and NHL games starting Dec. 5, enhancing viewing options for fans.

People Are Emptying Redbox Machines For Free Following Bankruptcy

Redbox kiosks are being raided for DVDs following the company's bankruptcy.
People are sharing experiences and photos of taking movies from abandoned kiosks.
Kiosks are often malfunctioning, allowing free access to movies.
morestreaming-services

'Beyond bizarre' to strike out legal challenge, says Sean Dunne

Mr Dunne's bankruptcy challenge depends on procedural legal arguments, with potential implications on the validity of his case against insolvency officials.
#debt

Vitamin Shoppe, Pet Supplies Plus owner files for bankruptcy

Franchise Group has filed for Chapter 11 bankruptcy, struggling with $2 billion in debt and impacted by investment firm B. Riley's financial turmoil.

Dutch e-bike manufacturer Stella Fietsen declared bankrupt - Silicon Canals

Stella Fietsen declared bankruptcy after failing to manage over €10M in debt, impacting around 1,000 customers.

Vitamin Shoppe, Pet Supplies Plus owner files for bankruptcy

Franchise Group has filed for Chapter 11 bankruptcy, struggling with $2 billion in debt and impacted by investment firm B. Riley's financial turmoil.

Dutch e-bike manufacturer Stella Fietsen declared bankrupt - Silicon Canals

Stella Fietsen declared bankruptcy after failing to manage over €10M in debt, impacting around 1,000 customers.
moredebt
#diocese-of-oakland

Diocese of Oakland's plan to settle with sexual assault survivors receives pushback

The Diocese of Oakland's settlement proposal for sexual abuse survivors is underwhelming and not comparable to larger settlements in California.

Diocese of Oakland proposes $117 million-plus fund in clergy sex abuse deal; victims' attorneys call it a scam and a sham'

Diocese of Oakland proposed a $117 million trust to settle abuse lawsuits, dismissed as inadequate by victims' advocates.

Diocese of Oakland's plan to settle with sexual assault survivors receives pushback

The Diocese of Oakland's settlement proposal for sexual abuse survivors is underwhelming and not comparable to larger settlements in California.

Diocese of Oakland proposes $117 million-plus fund in clergy sex abuse deal; victims' attorneys call it a scam and a sham'

Diocese of Oakland proposed a $117 million trust to settle abuse lawsuits, dismissed as inadequate by victims' advocates.
morediocese-of-oakland

Struggling With Debt? Bankruptcy Can Provide a Second Chance.

Bankruptcy can be a viable solution for overwhelming debt, and seeking proper advice is crucial.
#franchise-group

American Freight is closing all of its stores. Bankruptcy filing warns of possible paycheck delays for laid-off employees

Franchise Group is closing American Freight amidst bankruptcy filings to strengthen other brands and reduce debt.

A bankrupt firm is closing all its Florida furniture stores. Pets, vitamins safe for now

American Freight is closing all locations due to Chapter 11 bankruptcy, with stores now engaged in liquidation sales across the U.S.

American Freight is closing all of its stores. Bankruptcy filing warns of possible paycheck delays for laid-off employees

Franchise Group is closing American Freight amidst bankruptcy filings to strengthen other brands and reduce debt.

A bankrupt firm is closing all its Florida furniture stores. Pets, vitamins safe for now

American Freight is closing all locations due to Chapter 11 bankruptcy, with stores now engaged in liquidation sales across the U.S.
morefranchise-group
#rudy-giuliani

Giuliani accused of hiding assets from election workers he wronged

Rudy Giuliani may be concealing assets meant for election workers owed $150 million in a defamation case.

Rudy Giuliani Wows Judge In Collections Case By Stripping The Apartment He No Longer Owns

Rudy Giuliani's legal troubles are compounded by his noncompliance in a $148 million defamation suit, leading to court-ordered bankruptcy proceedings.

Giuliani accused of hiding assets from election workers he wronged

Rudy Giuliani may be concealing assets meant for election workers owed $150 million in a defamation case.

Rudy Giuliani Wows Judge In Collections Case By Stripping The Apartment He No Longer Owns

Rudy Giuliani's legal troubles are compounded by his noncompliance in a $148 million defamation suit, leading to court-ordered bankruptcy proceedings.
morerudy-giuliani
#restaurant-industry

TGI Friday's files for Chapter 11 bankruptcy

TGI Friday's filed for Chapter 11 bankruptcy due to financial challenges exacerbated by COVID-19 and shifting consumer preferences.

Why Sit-Down Chain Restaurants Are Struggling

Sit-down chain restaurants are facing significant challenges due to rising costs and declining customer traffic.

TGI Friday's files for Chapter 11 bankruptcy

TGI Friday's filed for Chapter 11 bankruptcy due to financial challenges exacerbated by COVID-19 and shifting consumer preferences.

Why Sit-Down Chain Restaurants Are Struggling

Sit-down chain restaurants are facing significant challenges due to rising costs and declining customer traffic.
morerestaurant-industry

Bowery Farming is ceasing operations | TechCrunch

Bowery Farming is shutting down after raising over $700 million, reflecting the difficulties within the vertical farming industry.
Vertical farming remains a challenging sector, demonstrated by the bankruptcies of competitors like AeroFarms and AppHarvest.

The eight obituaries of a Shanghai person

Mr. Chen Qi's career ended amid company restructuring, leading to bankruptcy and the legal severance of family ties.

Freedrum's Journey at its End? Virtual Drum Kit Startup Goes Bankrupt for the Second Time

Freedrum, a startup known for its virtual drum kit, has declared bankruptcy for the second time amidst ongoing financial struggles despite initial interest and investment.

Tupperware's sale to lenders approved by bankruptcy judge, keeping the iconic food containers on shelves

Tupperware is set to emerge from bankruptcy with a revitalized approach focusing on core markets and a startup mentality.

The Radical Potential of Bankruptcy

Many Americans are in significant debt, yet few choose bankruptcy as a solution due to stigma and cost.

The last full-size Kmart in the U.S. just closed in New York

Kmart has closed its last full-size store in America, signaling the decline of a once-prominent retail giant.

More student-loan borrowers are taking advantage of an updated route to get rid of their debt in bankruptcy court, top Democratic senators say

The Biden administration's 2022 guidance has improved bankruptcy discharge processes for student loan borrowers, leading to a notable increase in successful filings.

The National Public Data breach exposed nearly three billion users - now the company has filed for bankruptcy

National Public Data filed for bankruptcy due to an unsustainable fallout from a major data breach, facing class action lawsuits and reputational damage.
#retail

Buybuy Baby is officially closing its doors to offer online shopping only

buybuy Baby is transitioning to an online-only model, closing all physical stores due to shifting consumer preferences and financial challenges.

Bed Bath & Beyond Is Coming to Kirkland's - But with a Twist

Bed Bath & Beyond will return to physical retail in 2025 through a partnership with Kirkland's, creating smaller neighborhood stores.

Buybuy Baby is officially closing its doors to offer online shopping only

buybuy Baby is transitioning to an online-only model, closing all physical stores due to shifting consumer preferences and financial challenges.

Bed Bath & Beyond Is Coming to Kirkland's - But with a Twist

Bed Bath & Beyond will return to physical retail in 2025 through a partnership with Kirkland's, creating smaller neighborhood stores.
moreretail

Lilium announces self-administration of German subsidiaries - Silicon Canals

Lilium plans to apply for self-administration proceedings after failing to secure crucial funding, leading to a significant drop in stock value.

Ebusco's shareholders adopt all resolutions to pursue company restructuring (new liquidity needed)

Ebusco's shareholders approved a EUR 36 million plan to avert bankruptcy amid significant financial loss and operational challenges.
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