bankruptcy

99 Cents Only Declares Bankruptcy as It Shuts Down Stores
99 Cents Only Declares Bankruptcy as It Shuts Down Stores
April 08, 2024  |  Retail

Discount retailer 99 Cents Only has declared bankruptcy as it prepares to shutter its stores. The company announced its Chapter 11 filing Monday (April 8), days after it said...

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FTX Creditors: Bankruptcy Estate Could Have Revived ‘Thriving’ Business
FTX Creditors: Bankruptcy Estate Could Have Revived ‘Thriving’ Business
March 27, 2024  |  Cryptocurrency

Earlier this year, bankrupt cryptocurrency firm FTX called off plans to resurrect its exchange. And that was a missed opportunity, some of the company’s creditors told The Wall Street...

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Consumer Credit Lender CURO Files for Bankruptcy Protection
Consumer Credit Lender CURO Files for Bankruptcy Protection
March 25, 2024  |  Business

CURO Group Holdings has filed for bankruptcy protection to implement the terms of a Restructuring Support Agreement (RSA) supported by about 74% of its lenders. The...

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Sam Bankman-Fried’s Defense Team Says Prosecutors’ Proposed Sentence Is ‘Medieval’
Sam Bankman-Fried’s Defense Team Says Prosecutors’ Proposed Sentence Is ‘Medieval’
March 20, 2024  |  Legal

Sam Bankman-Fried’s defense team said Tuesday (March 19) that the prosecution’s proposed 40- to 50-year prison sentence is based on a “distorted” narrative and a...

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Distressed Assets Buyer Attestor Battles Over FTX Claim
Distressed Assets Buyer Attestor Battles Over FTX Claim
March 18, 2024  |  Cryptocurrency

London-based financial firm Attestor is in a legal battle involving the bankruptcy of FTX. Attestor, known for its expertise in investing in distressed assets, bought FTX’s distressed...

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Report: SVB Collapse Triggered Record $285 Million Penalty
Report: SVB Collapse Triggered Record $285 Million Penalty
March 12, 2024  |  Banking

Silicon Valley Bank’s (SVB) collapse was one of the largest banking failures in American history. And according to a report Tuesday (March 12) by Bloomberg News, that collapse...

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NerdWallet: We Have Not Filed for Bankruptcy
NerdWallet: We Have Not Filed for Bankruptcy
March 03, 2024  |  Personal Finance

Financial guidance platform NerdWallet says it was the victim of a fraudulent bankruptcy filing. As Reuters reported Saturday (March 2), the company said that it did not...

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Report: Craft Retailer Joann Considers Bankruptcy Filing
Report: Craft Retailer Joann Considers Bankruptcy Filing
March 03, 2024  |  Retail

Fabric/craft supplies retailer Joann is reportedly considering a bankruptcy filing. That filing could come as soon as this week, with the company striking a deal that would...

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Thrasio’s Bankruptcy Spotlights Aggregators’ Decline as Ecosystems Take Shape
Thrasio’s Bankruptcy Spotlights Aggregators’ Decline as Ecosystems Take Shape
February 28, 2024  |  Aggregators

It was a highly successful business model, at least for a while. But the recent filing of Thrasio Holdings for Chapter 11 this week points...

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