Character AI has declared bankruptcy and agreed to sell some of its assets to Disney. The chatbot maker announced Tuesday (Oct. 13) that it had entered into a voluntary Chapter 11 bankruptcy process to set the stage for a court-supervised sale of its business. “Over the past year, we’ve...
QVC Group, the live social shopping company whose brands include QVC and HSN, emerged from bankruptcy with its debt reduced by more than $5 billion, access to a new $600 million asset-based lending facility, and new leadership, the company said in a Thursday (Aug. 6)...
Bitcoin Depot, the world’s largest operator of cryptocurrency ATMs, is shutting down after declaring bankruptcy, according to a Monday (May 18) press release. The company is seeking Chapter 11 bankruptcy protection and will begin winding down its business and selling its assets, the release said....
Corporate credit card startup Parker has apparently shut down after declaring bankruptcy. The company filed for Chapter 7 bankruptcy protection last week following a derailed $90 million acquisition deal, according to a social media post from founder Yacine Sibous. The move comes a little more than three years after Parker came...
June 23, 2025
Reports of the Consumer Financial Protection Bureau’s death have been exaggerated. The agency is in flux in terms of staffing and funding as the President Donald Trump administration has pursued a different regulatory tack than past administrations. However, there came a hint Friday (June 20) that the CFPB may be seeking consumer redress in the […]
April 14, 2025
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 McWilliams filed a status report...
December 16, 2024
Big Lots’ Chapter 11 bankruptcy filing and upcoming acquisition by Nexus Capital Management revealed the deep-rooted issues in the company’s business model, particularly its struggle to adapt to the digital age. In...
June 21, 2024
The relationships between FinTechs, banks and neobanks has been placed under a harsh spotlight with the recent revelations around the Synapse bankruptcy. The reaction from the industry so far has...
October 13, 2026
Character AI has declared bankruptcy and agreed to sell some of its assets to Disney. The chatbot maker announced Tuesday (Oct. 13) that it had entered into a voluntary Chapter 11 bankruptcy process to set the stage for a court-supervised sale of its business. “Over the past year, we’ve taken meaningful steps to sustain and improve our business amid […]
August 07, 2026
QVC Group, the live social shopping company whose brands include QVC and HSN, emerged from bankruptcy with its debt reduced by more than $5 billion, access to a new $600...
May 18, 2026
Bitcoin Depot, the world’s largest operator of cryptocurrency ATMs, is shutting down after declaring bankruptcy, according to a Monday (May 18) press release. The company is seeking Chapter 11 bankruptcy...
May 14, 2026
Corporate credit card startup Parker has apparently shut down after declaring bankruptcy. The company filed for Chapter 7 bankruptcy protection last week following a derailed $90 million acquisition deal, according to a...
