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Over a 12-month period ending on September 30, 2023, 17,051 business bankruptcy cases were started. (U.S. Courts) In the 12-month period ending on September 30, 2023, 9,435 Chapter 7 bankruptcy ...
Benitago Group, an Amazon e-commerce business acquirer, filed for bankruptcy this week. The move comes after the New York-based company raised $380 million in equity and debt in the past two years.
Flexible office-space firm WeWork has filed for Chapter 11 bankruptcy protection, listing over $18.6 billion of debt in a remarkable collapse for the once WeWork's bankruptcy filing, which lists ...
The company has filed for Chapter 11 bankruptcy protection to cut its losses on a mountain of debt. It said it has also secured an emergency $90 million in emergency financing from unnamed ...
Restaurant bankruptcy filings have surged so far this year, echoing a broader rise in corporate bankruptcies across sectors. At least 10 restaurant chains, not including multi-unit franchisees ...
After struggling to find an alternative, Adelphia Corporation filed for bankruptcy on June 26, 2002. Subsequently, the company asked for a $1.5 billion loan to restructure under bankruptcy protection. [10] According to BankruptcyData.com, the company's bankruptcy ranks 12th by assets in the United States history of bankruptcies. [11]
The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) made changes to American bankruptcy laws, affecting both consumer and business bankruptcies. Many of the bill's provisions were explicitly designed by the bill's Congressional sponsors to make it "more difficult for people to file for bankruptcy."
July 7: Fintech Business Weekly reports that a recent “status conference in the ongoing Synapse bankruptcy didn’t offer much hope to end users whose funds were still frozen, with efforts to ...