bankruptcy

Boxed Bankruptcy Shows Cracks in Pandemic’s SPAC Funding Frenzy

Boxed Bankruptcy Shows Cracks in Pandemic’s SPAC Funding Frenzy
Boxed Bankruptcy Shows Cracks in Pandemic’s SPAC Funding Frenzy
April 04, 2023  |  Retail

It seems like a lifetime ago — SPACs were the “it” way to take companies public. And during the pandemic, eCommerce delivery businesses were the...

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Boxed, Inc. Files For Bankruptcy Following SVB Collapse
Boxed, Inc. Files For Bankruptcy Following SVB Collapse
April 03, 2023  |  eCommerce

After warning last month that it could declare bankruptcy, eGrocer Boxed has made it official. The company announced late Sunday (April 2) that it had...

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FTX Lawyers Sue to Keep Bahamian Unit Away From Assets
FTX Lawyers Sue to Keep Bahamian Unit Away From Assets
March 21, 2023  |  Legal & Regulation

Lawyers for crypto exchange FTX are suing to keep its Bahamian affiliate out to sea. Not just because the bankrupt crypto firm was recently revealed...

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SVB Parent Wants Access to Bank’s Records
SVB Parent Wants Access to Bank’s Records
March 20, 2023  |  Banking

The parent company of Silicon Valley Bank says it’s been locked out of the lender’s books. SVB Financial, which declared bankruptcy soon after its bank...

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SVB Parent Files for Bankruptcy as Global Banking Market Wobbles
SVB Parent Files for Bankruptcy as Global Banking Market Wobbles
March 17, 2023  |  Legal & Regulation

This tumultuous week began and ended the same: with Silicon Valley Bank still for sale.  Only now, the lender’s former parent company, SVB Financial Group, has officially filed...

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SVB Financial Group Files for Bankruptcy to ‘Preserve Value’
SVB Financial Group Files for Bankruptcy to ‘Preserve Value’
March 17, 2023  |  Banking

SVB Financial Group — the former parent company of Silicon Valley Bank — has filed for bankruptcy. The Chapter 11 filing does not include SVB...

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SVB Collapse May Be the Final Nail in Boxed’s Coffin
SVB Collapse May Be the Final Nail in Boxed’s Coffin
March 16, 2023  |  Retail

Boxed may file for bankruptcy as the SVB collapse exacerbates existing economic challenges. The bulk eCommerce grocer and retailer (which also has a software and services...

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Creditors Want SVB Parent to File for Bankruptcy
Creditors Want SVB Parent to File for Bankruptcy
March 15, 2023  |  Banking

A group of creditors for Silicon Valley Bank’s parent are reportedly pushing the company to file for bankruptcy. The group, most of which bought SVB...

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