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Tag: Corporate bankruptcy

Spirit tumbles to record low on report it’s exploring a bankruptcy filing. Here’s how it got here

Spirit tumbles to record low on report it’s exploring a bankruptcy filing. Here’s how it got here

October 4, 2024October 4, 2024 · Banking

A Spirit commercial airliner prepares to land at San Diego International Airport in San Diego, California, U.S., January 18, 2024.  Mike Blake | Reuters Spirit Airlines shares tumbled…

Read more Spirit tumbles to record low on report it’s exploring a bankruptcy filing. Here’s how it got here
Creditors demand Rudy Giuliani sell his .5 million Florida condo to pay debts

Creditors demand Rudy Giuliani sell his $3.5 million Florida condo to pay debts

March 16, 2024March 17, 2024 · Real Estate

Rudy Giuliani, the former personal lawyer for former U.S. President Donald Trump, arrives at the E. Barrett Prettyman U.S. District Courthouse in Washington, D.C., on Dec. 15, 2023.…

Read more Creditors demand Rudy Giuliani sell his $3.5 million Florida condo to pay debts
NerdWallet says it did not file for bankruptcy, citing a fraudulent filing

NerdWallet says it did not file for bankruptcy, citing a fraudulent filing

March 2, 2024March 3, 2024 · Business

Rafael Henriques | Lightrocket | Getty Images NerdWallet said on Saturday that it did not file for bankruptcy, saying a fraudulent filing appeared on an electronic public access…

Read more NerdWallet says it did not file for bankruptcy, citing a fraudulent filing
Former Trump lawyer Rudy Giuliani raises less than  million from 13 donors in legal defense fund

Former Trump lawyer Rudy Giuliani raises less than $1 million from 13 donors in legal defense fund

January 25, 2024January 25, 2024 · Business

Rudy Giuliani was able to raise less than $1 million from just 13 donors, among them his friends and a group of former President Donald Trump‘s allies, to…

Read more Former Trump lawyer Rudy Giuliani raises less than $1 million from 13 donors in legal defense fund
How the Fed fights zombie firms

How the Fed fights zombie firms

October 31, 2023October 31, 2023 · Banking

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Some firms sustain their businesses by taking on more debt that they can repay. Economists…

Read more How the Fed fights zombie firms
Bed Bath & Beyond shareholders left holding ‘worthless stock’ as bankruptcy hearing approaches

Bed Bath & Beyond shareholders left holding ‘worthless stock’ as bankruptcy hearing approaches

August 27, 2023August 28, 2023 · Business

Bed Bath & Beyond logo is seen on the shop in Williston, Vermont on June 19, 2023. Jakub Porzycki | Nurphoto | Getty Images Bed Bath & Beyond…

Read more Bed Bath & Beyond shareholders left holding ‘worthless stock’ as bankruptcy hearing approaches
Trucking firm Yellow files for bankruptcy protection after loading up on debt

Trucking firm Yellow files for bankruptcy protection after loading up on debt

August 6, 2023August 6, 2023 · Business

Trucks and trailers sit in a Yellow Corp. facility lot, closed after the freight trucking company ceased all operations, in Las Vegas, Nevada, on July 31, 2023.  Patrick…

Read more Trucking firm Yellow files for bankruptcy protection after loading up on debt
Vice Media reportedly preparing to file for bankruptcy

Vice Media reportedly preparing to file for bankruptcy

May 2, 2023May 2, 2023 · Business

Vice Media offices display the Vice logo in Venice, California. Mario Tama | Getty Images Vice Media Group, the company behind popular media websites such as Vice and…

Read more Vice Media reportedly preparing to file for bankruptcy
Bed Bath & Beyond files for bankruptcy protection

Bed Bath & Beyond files for bankruptcy protection

April 23, 2023April 23, 2023 · World News

A “Store Closing” banner on a Bed Bath & Beyond store in Farmingdale, New York, on Friday, Jan. 6, 2023. Johnny Milano | Bloomberg | Getty Images Bed…

Read more Bed Bath & Beyond files for bankruptcy protection
Fed Chair Powell will ‘hide behind’ data to keep rates higher for longer, says economist

Fed Chair Powell will ‘hide behind’ data to keep rates higher for longer, says economist

March 9, 2023March 9, 2023 · Banking

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Danielle DiMartino Booth of Quill Intelligence disagrees with the Fed’s use of time-lagged data to…

Read more Fed Chair Powell will ‘hide behind’ data to keep rates higher for longer, says economist
Bed Bath & Beyond looks for capital infusion, buyer ahead of likely bankruptcy filing

Bed Bath & Beyond looks for capital infusion, buyer ahead of likely bankruptcy filing

January 18, 2023January 18, 2023 · Business

Bed Bath & Beyond has been in discussions with prospective buyers and lenders as it works to keep its business afloat during a likely bankruptcy filing, according to…

Read more Bed Bath & Beyond looks for capital infusion, buyer ahead of likely bankruptcy filing
Crypto.com CEO has history of red flags including bankruptcy and quick exits

Crypto.com CEO has history of red flags including bankruptcy and quick exits

December 9, 2022December 10, 2022 · World News

Kris Marszalek, CEO of Crypto.com, speaking at a 2018 Bloomberg event in Hong Kong, China. Paul Yeung | Bloomberg | Getty Images Kris Marszalek wants everyone to know…

Read more Crypto.com CEO has history of red flags including bankruptcy and quick exits
Mississippi grain company’s ex-CEO indicted on fraud charges

Mississippi grain company’s ex-CEO indicted on fraud charges

December 6, 2022December 6, 2022 · Finance

GREENVILLE, Miss. — The former leader of a Mississippi grain storage and processing company has been indicted on federal and state charges, more than a year after the…

Read more Mississippi grain company’s ex-CEO indicted on fraud charges
Sam Bankman-Fried could face years in prison over FTX’s  billion meltdown  — if the U.S. ever gets around to arresting him

Sam Bankman-Fried could face years in prison over FTX’s $32 billion meltdown — if the U.S. ever gets around to arresting him

December 5, 2022December 5, 2022 · World News

FTX CEO Sam Bankman-Fried attends a press conference at the FTX Arena in downtown Miami on Friday, June 4, 2021. Matias J. Ocner | Miami Herald | Tribune…

Read more Sam Bankman-Fried could face years in prison over FTX’s $32 billion meltdown — if the U.S. ever gets around to arresting him
Celsius clients with collateral stuck on failed crypto platform turn to bankruptcy process for relief

Celsius clients with collateral stuck on failed crypto platform turn to bankruptcy process for relief

December 3, 2022December 3, 2022 · World News

Alan Knitowski holds an MBA, has worked in technology and finance for over 25 years and is CEO of a mobile software company that trades on the Nasdaq.…

Read more Celsius clients with collateral stuck on failed crypto platform turn to bankruptcy process for relief
Mississippi grain company’s ex-CEO indicted on fraud charges

Today in History: December 2, Senate condemns McCarthy

December 1, 2022December 1, 2022 · Breaking News

Today in History Today is Friday, Dec. 2, the 336th day of 2022. There are 29 days left in the year. Today’s Highlight in History: On Dec. 2,…

Read more Today in History: December 2, Senate condemns McCarthy
‘I’ve had a bad month’ and ‘didn’t ever try to commit fraud,’ former FTX CEO Sam Bankman-Fried says: Live updates

‘I’ve had a bad month’ and ‘didn’t ever try to commit fraud,’ former FTX CEO Sam Bankman-Fried says: Live updates

November 30, 2022November 30, 2022 · Business

Striking a contrite tone, former FTX CEO Sam Bankman-Fried said he “didn’t do a good job” at upholding his responsibilities to regulators, customers, and investors in a hotly…

Read more ‘I’ve had a bad month’ and ‘didn’t ever try to commit fraud,’ former FTX CEO Sam Bankman-Fried says: Live updates
BlockFi seeks protection as FTX collapse rattles crypto

BlockFi seeks protection as FTX collapse rattles crypto

November 28, 2022November 28, 2022 · Technology

Cryptocurrency lender BlockFi is filing for Chapter 11 bankruptcy protection as the fallout from the collapse of crypto exchange FTX spreads outward. In a Monday filing for bankruptcy…

Read more BlockFi seeks protection as FTX collapse rattles crypto
FTX will sell or restructure global empire, CEO says

FTX will sell or restructure global empire, CEO says

November 19, 2022November 19, 2022 · Banking

FTX’s new CEO said on Saturday that the bankrupt crypto exchange is looking to sell or restructure its global empire, even as Bahamian regulators and FTX squabble in…

Read more FTX will sell or restructure global empire, CEO says
New CEO of FTX blasts its handling of financial information

New CEO of FTX blasts its handling of financial information

November 17, 2022November 17, 2022 · Technology

The new CEO of the collapsed cryptocurrency trading firm FTX, who oversaw Enron’s bankruptcy, said he has never seen such a “complete failure” of corporate control. John Ray…

Read more New CEO of FTX blasts its handling of financial information
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