Bankruptcy

Sam Bankman-Fried being escorted at a courthouse.

FTX’s Bankruptcy Proves Going Broke Ain’t Cheap

Micheal

According to a report from Bloomberg, the ongoing bankruptcy case of the collapsed cryptocurrency exchange/pseudo ponzi scheme FTX has racked ...

Red Lobster's 36-year-old CEO started as a Goldman Sachs intern. He reveals 3 ways he’s cooking up a comeback for the seafood chain after bankruptcy

Red Lobster’s 36-year-old CEO started as a Goldman Sachs intern. He reveals 3 ways he’s cooking up a comeback for the seafood chain after bankruptcy

Micheal

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NIKOLA Corp TRE electric semi truck parked, cab only

Troubled electric truck maker Nikola files for bankruptcy

Micheal

Hydrogen electric trucking startup Nikola Corp. filed for Chapter 11 bankruptcy protection Wednesday after it failed to find a buyer ...

EV startup Canoo files for bankruptcy on day of Donald Trump’s inauguration

EV startup Canoo files for bankruptcy on day of Donald Trump’s inauguration

Micheal

The company had been in talks for the same kind of loan from the Biden administration that Rivian was just ...

Fugitive crypto king Do Kwon handed over to the FBI to answer for $40 billion stablecoin collapse

Fugitive crypto king Do Kwon handed over to the FBI to answer for $40 billion stablecoin collapse

Micheal

He had been on the run for months, fleeing South Korea and later Singapore, before his company went bankrupt in ...

Big Lots reaches deal to keep hundreds of US stores open after filing for bankruptcy

Big Lots reaches deal to keep hundreds of US stores open after filing for bankruptcy

Micheal

Variety Wholesalers Inc. plans to acquire between 200 and 400 Big Lots stores and operate them under the Big Lots ...

Party City closing spurred by sudden drop in inventory value

Party City closing spurred by sudden drop in inventory value

Micheal

The trouble surfaced when an appraisal significantly reduced the value of key asset categories supporting company borrowings. Read More

The Container Store files for bankruptcy as housing crisis cripples cash flow

The Container Store files for bankruptcy as housing crisis cripples cash flow

Micheal

The company has struggled to raise cash, and last month an agreement with the owner of Bed Bath & Beyond, ...

Party City to wind down operations, fire employees, CEO says

Party City to wind down operations, fire employees, CEO says

Micheal

Should the company follow through with its plan to file bankruptcy, it would be the second time in less than ...