bankruptcy

Frozen Funds Still Unresolved as Synapse Bankruptcy Nears Conclusion

Frozen Funds Still Unresolved as Synapse Bankruptcy Nears Conclusion
Frozen Funds Still Unresolved as Synapse Bankruptcy Nears Conclusion
April 14, 2025  |  Legal & Regulation

The protracted Synapse Financial Technologies bankruptcy is nearing its final stages with a whimper rather than a bang. Late last week (April 10) Trustee Jelena...

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Report: BaaS Startup Solid Files for Bankruptcy, Aims to Sell
Report: BaaS Startup Solid Files for Bankruptcy, Aims to Sell
April 10, 2025  |  Banking

Solid, the banking-as-a-service (BaaS) startup formerly known as Wise, reportedly filed for Chapter 11 bankruptcy protection. The company had not been able to raise more...

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Publishers Clearing House Declares Bankruptcy, Aims to Focus on Digital Advertising
Publishers Clearing House Declares Bankruptcy, Aims to Focus on Digital Advertising
April 09, 2025  |  Business

Publishers Clearing House (PCH) said Wednesday (April 9) that it filed for Chapter 11 bankruptcy protection to shed the cost of its legacy businesses and...

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Joann to Shutter All Outlets
Joann to Shutter All Outlets
February 24, 2025  |  Retail

Bankrupt craft retailer Joann will be closing all its stores, backtracking on a previous plan to keep some locations open. The company plans to sell...

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Synapse Collapse Reportedly Target of Criminal Grand Jury Probe
Synapse Collapse Reportedly Target of Criminal Grand Jury Probe
February 20, 2025  |  Legal & Regulation

A grand jury is reportedly probing criminal conduct at bankrupt FinTech firm Synapse. The grand jury has questioned an executive who sounded alarms before the...

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Joann Seeks Bankruptcy Protection for 2nd Time in Under a Year
Joann Seeks Bankruptcy Protection for 2nd Time in Under a Year
January 15, 2025  |  Retail

Crafts chain Joann is seeking bankruptcy protection for the second time in under a year. Saddled with declining sales, the company had $615.7 million in funded debt...

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Business Bankruptcies in US Reach Highest Level Since 2010
Business Bankruptcies in US Reach Highest Level Since 2010
January 07, 2025  |  Economy

Corporate bankruptcies in the U.S. have reportedly reached their highest level in 14 years. High interest rates and waning consumer demand helped drive at least...

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Big Lots Faces Challenges Despite Acquisition
Big Lots Faces Challenges Despite Acquisition
January 03, 2025  |  Retail

Big Lots, a once-dominant player in the discount retail sector, faces an uncertain future following an acquisition by Gordon Brothers Retail Partners. The agreement, finalized...

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