Chapter 11

Rite Aid Emerges From Bankruptcy, Names CFO Matt Schroeder as CEO

Rite Aid Emerges From Bankruptcy, Names CFO Matt Schroeder as CEO
Rite Aid Emerges From Bankruptcy, Names CFO Matt Schroeder as CEO
September 03, 2024  |  Retail

Rite Aid has announced a leadership transition as it emerges from Chapter 11 bankruptcy. Jeffrey S. Stein has stepped down as CEO and chief restructuring...

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Corporate Bankruptcies Hit Highest Level in Since April 2023 Amid High Interest Rates
Corporate Bankruptcies Hit Highest Level in Since April 2023 Amid High Interest Rates
May 12, 2024  |  Economy

U.S. corporate bankruptcies reached their highest level in a year in April. That’s according to a Sunday (May 12) report by Seeking Alpha, citing data...

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Rise of ‘Mega Bankruptcies’ Leaves Economists Worried
Rise of ‘Mega Bankruptcies’ Leaves Economists Worried
October 08, 2023  |  Economy

SVB Financial. Yellow. Bed Bath & Beyond. All big companies, all filed for bankruptcy. And as The Wall Street Journal (WSJ) reported Sunday (Oct. 8), it’s part of...

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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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Binance.US to Buy Voyager Digital’s Assets for $1.02B 
Binance.US to Buy Voyager Digital’s Assets for $1.02B 
December 19, 2022  |  Cryptocurrency

Binance.US will acquire the assets of bankrupt crypto lender Voyager Digital for $1.022 billion.  The Binance.US bid sets a clear path for Voyager customer funds...

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Winc Sinks Into Bankruptcy as Taste for Wine Subscriptions Sours
Winc Sinks Into Bankruptcy as Taste for Wine Subscriptions Sours
December 04, 2022  |  Subscriptions

You might have thought that an online wine club would be impervious to consumers’ belt-tightening. News came last week that Winc filed for Chapter 11...

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FTX Liquidators in Bahamas Move Case From New York to Delaware
FTX Liquidators in Bahamas Move Case From New York to Delaware
November 22, 2022  |  Cryptocurrency

Bahamian liquidators who had filed a case related to the bankruptcy of FTX in New York have agreed to transfer that case to Delaware, where...

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Retailers Using Chapter 11 To Break Lease Agreements
Retailers Using Chapter 11 To Break Lease Agreements
August 07, 2020  |  Retail

Companies that have filed for Chapter 11 bankruptcy are using the court protection to end long-term lease agreements early and close thousands of stores, reported...

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