Stories Tagged: bankruptcy

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Party City Holdco Faces Investor Investigation and Bankruptcy

Party City Holdco Inc, a retail company specializing in party supplies, is facing an... (1 revisions)

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The Diverging Fortunes of Hertz and Carvana in the Car Industry

Carvana and Hertz, two companies in the car industry, have experienced contrasting fortunes.... (1 revisions)

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How does Celsius Network plan to repay creditors and emerge from bankruptcy?

Celsius Network, a crypto company in the final stages of bankruptcy, has revealed its plan to... (1 revisions)

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Ousted WeWork Co-founder Adam Neumann Bids to Buy Back the Company

Adam Neumann, the co-founder of WeWork who was ousted from the company, has reportedly made a... (3 revisions)

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FCA Secures Bankruptcy Order Against Pension Promoters in Effort to Recover Restitution Order

In a recent development, the Financial Conduct Authority (FCA) has obtained bankruptcy orders... (3 revisions)

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SAS Completes Chapter 11 Bankruptcy Exit and Restructuring

Scandinavian airline SAS has successfully exited Chapter 11 bankruptcy proceedings after more... (4 revisions)

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The Impact of Yellow's Bankruptcy on the Trucking Industry and the Economy

The health of the trucking industry is a crucial indicator for the overall economy [ebed1830].... (5 revisions)

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Spirit Airlines Files for Bankruptcy Amid Industry Struggles

Spirit Airlines has officially filed for Chapter 11 bankruptcy protection on November 19, 2024,... (6 revisions)

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The Challenges of Debt Restructuring for Risky Borrowers

Debt restructuring has become a common pit stop on the road to bankruptcy for risky borrowers.... (7 revisions)

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Caroline Ellison Sentenced to Two Years for Role in FTX Fraud

Caroline Ellison, the former CEO of Alameda Research and ex-girlfriend of FTX founder Sam... (7 revisions)

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Kohl’s and Walmart Announce Partnerships to Expand Product Offerings and Boost Sales

Kohl’s, a US retailer, has announced a partnership with WHP Global, the owner of Babies R Us, to... (7 revisions)

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Outdoor Voices, Esprit's Swiss Subsidiary, US Fashion Retailer Rue21, and Luxury Lifestyle Retailer Oka Face Challenges and Store Closures

As the retail industry continues to face challenges, several popular clothing retailers have... (7 revisions)

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Bankruptcy Wave Hits Trucking Industry: Sunset Logistics Folds

In 2024, the United States has witnessed a significant rise in business bankruptcies, reaching... (8 revisions)

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US Judge Approves WeWork's Chapter 11 Bankruptcy Plan, Allowing Debt Discharge and Equity Transfer

WeWork, backed by SoftBank, has filed for bankruptcy protection in the US. The company's plans... (9 revisions)

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Tupperware Files for Bankruptcy Amidst Business Struggles and Factory Closures

Tupperware, once a staple in American kitchens, has filed for bankruptcy on September 18, 2024,... (12 revisions)

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US Court Allows Sale of Conspiracy Theorist Alex Jones' Assets but Spares Business

Controversial conspiracy theorist Alex Jones is facing bankruptcy and lawsuits. Jones, who has... (12 revisions)

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23andMe Faces Bankruptcy Amid Data Breach and Lawsuit Settlements

23andMe, the genetic testing company founded in 2006, is reportedly on the brink of bankruptcy... (12 revisions)

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From Millions to a Bottle: The Auction of a Bankrupt Millionaire's Last Possession

In a striking turn of events, a bottle of Sprite became the last possession of a bankrupt... (16 revisions)

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Rite Aid's CEO Payout Becomes Point of Contention as the Company Seeks to Exit Bankruptcy

Rite Aid's lenders are demanding a reduction in CEO Jeffrey Stein's proposed $20 million payout... (18 revisions)

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TGI Fridays to Close 50 Locations Amidst Industry Struggles

TGI Fridays, a well-known casual dining chain, has announced plans to close 50 of its... (21 revisions)

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Chinese Semiconductor Industry Faces Bankruptcies and Withdrawn IPO Applications

China's semiconductor industry is facing challenges as smaller companies go bankrupt and others... (27 revisions)

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True Value Files for Bankruptcy, Sells to Do it Best Amid Market Challenges

True Value, a well-known hardware brand with a 75-year history, has filed for bankruptcy on... (38 revisions)