Topic
Bankruptcy
60 stories related to this topic, newest first.
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theverge.combusiness2 hrs ago
Lucid Motors Denies Bankruptcy Reports After Stock Falls Sharply on Rumors
The luxury EV maker filed paperwork Tuesday rejecting reports it was considering bankruptcy or going private. Shares fell sharply before recovering more than 18 percent the next day.
wccftech.comfinance3 hrs ago
Nvidia CEO Jensen Huang Meets Former Sega CEO in Tokyo
Nvidia CEO Jensen Huang met former Sega CEO Shoichiro Irimajiri and game designer Yu Suzuki in Tokyo. The meeting thanked them for a 1995 investment that helped the company avoid bankruptcy.
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theverge.comtechnology4 hrs ago
Lucid Motors Stock Falls 50 Percent After Bankruptcy Rumor That Company Calls False
Lucid Motors denied a report that its board was advised to consider Chapter 11 bankruptcy or a take-private deal. The company said the report was false and filed a cease-and-desist letter against the publication.
wealthmanagement.comtechnology4 hrs ago
Lucid CEO Denies Bankruptcy or Take-Private Plans Amid Rumors
@SawyerMerritt reported that Lucid's chief executive stated the company is not exploring bankruptcy or a transaction to take it private. The executive added that outside advisors are focused only on operational improvements.
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theverge.combusiness1 day ago
Lucid Motors Denies Bankruptcy Rumors, Confirms Liquidity Through Next Year
Lucid Motors shares dropped more than 40 percent intraday before closing down 16 percent at $4.62 on July 14. The company said reports that it was considering bankruptcy or going private were false and that it has sufficient liquidity into next year.
japantimes.co.jpworld6 days ago
Zentoshin Files for Bankruptcy with ¥115 Billion in Creditor Claims
Osaka payments firm Zentoshin filed for bankruptcy this week after years of suspected falsified statements. Regional banks and lenders hold the bulk of ¥115.16 billion in claims.
Al Jazeeraworld7 days ago
Half a Million Russians Declare Bankruptcy as GDP Forecast Cut to 0.4 Percent
Al Jazeera reported that 500,000 Russians filed for bankruptcy in 2025 amid rising bad loans and a slowing economy tied to the war in Ukraine. Russia's Ministry of Economic Development lowered its 2026 GDP growth projection. Experts assess that a full banking crisis remains unlik…
world7 days ago
Japan's Largest Corporate Bankruptcy of the Year Hits Credit-Card Processor and Its 200,000 Merchants
Zentoshin, which served 200,000 shops, filed for bankruptcy on Monday. The filing marks Japan's largest corporate bankruptcy this year and will force writedowns at five regional banks.
Yonhapworld7 days ago
South Korean Banks Offer Emergency Loans to Homeplus Suppliers After Court Ends Rehabilitation
Major commercial banks on July 8 offered low-interest loans and rate discounts to suppliers of Homeplus Co. The measures follow the Seoul Bankruptcy Court's decision last week to terminate the retailer's rehabilitation proceedings.
business7 days ago
Bankruptcy Court Orders 23andMe Successor to Pay $46.75 Million to 2023 Hack Victims
A bankruptcy court ruled Tuesday that Chrome Holding must compensate victims of the 2023 data breach at genetics firm 23andMe. The $46.75 million settlement follows the company's bankruptcy and asset sale last year.
propublica.orgworld8 days ago
Oregon Operator Files Chapter 11 Bankruptcy for Five Mountain Mike’s Pizza Restaurants While Chain Plans 25 New Locations
Rogue Fare LLC listed assets of $0–$50,000 and debts of $1–10 million in a July 1 filing. The operator cited no reason for the petition.
matcha-jp.comworld8 days ago
Osaka court approves bankruptcy filing by credit card processor Zentoshin
Zentoshin, an Osaka-based firm that advanced sales proceeds to credit card merchants, received court approval to begin voluntary bankruptcy proceedings. The company listed liabilities of about ¥125,929 million, the largest bankruptcy filing in Japan this year.
channelnewsasia.comfinance10 days ago
Japan Records Highest First-Half Bankruptcies Since 2022 Linked to Weak Yen
Forty-five Japanese companies filed for bankruptcy between January and June citing the weak yen, up more than 30 percent from a year earlier. Tokyo Shoko Research reported the total as the highest since it began tracking currency-related failures in 2022.
theconversation.comscience11 days ago
Texas Hill Country flood recovery continues one year after 139 deaths
Kerr County recorded 119 deaths from the July 4, 2025 floods, with two victims still missing. New state youth camp safety laws took effect ahead of the 2026 season while Camp Mystic remains in bankruptcy proceedings.
cnbc.comtechnology14 days ago
Dish Files for Chapter 11 Bankruptcy Protection Over $2 Billion Debt
EchoStar-owned Dish filed for Chapter 11 protection on June 30, 2026, citing insufficient liquidity to repay debt due the next day. The company said its television services will continue operating during the restructuring.
Euronewsbusiness15 days ago
SAS Orders Up to 40 Airbus Widebody Jets in Record Deal
Scandinavian airline SAS agreed to purchase as many as 40 Airbus A330-family aircraft in a transaction valued above $10 billion at list prices. The order marks the carrier's largest aircraft commitment and follows its exit from bankruptcy protection in 2024.
catholicnewsagency.comworld15 days agoUpdated
San Francisco Archdiocese to Pay $395 Million, End Bankruptcy, and Settle 500 Abuse Lawsuits
The San Francisco Catholic Archdiocese will pay $395 million to resolve more than 500 lawsuits from approximately 530 survivors of child sexual abuse. The agreement ends a bankruptcy case filed three years ago and imposes new transparency requirements.
axios.comworld16 days ago
Archdiocese of San Francisco Files for Chapter 11 Bankruptcy Protection
The Archdiocese of San Francisco filed for Chapter 11 bankruptcy reorganization Monday after more than 500 civil lawsuits alleging childhood sexual abuse by priests were filed under a state law that extended the statute of limitations.
abcnews.go.comworld17 days ago
Saks Global emerges from bankruptcy as Exemplar Luxury Group after closing many stores
Saks Global exited bankruptcy on June 26 with a new corporate name, sharply lower debt and fewer stores. The restructured company now operates 49 locations focused on luxury customers.
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abcnews.go.comworld17 days ago
Camp Mystic Files for Chapter 11 Bankruptcy Citing Over $10 Million in Debt After 2025 Flood
The Christian all-girls camp in Hunt, Texas, submitted the filing on June 24, 2026, nearly a year after a Guadalupe River flood killed 27 people. Court records list debts exceeding $10 million.
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abcnews.go.comworld21 days agoUpdated
Camp Mystic Files for Chapter 11 Bankruptcy One Year After July 4 Flood That Killed 28
The Texas summer camp submitted an eight-page Chapter 11 filing listing debts between $10 million and $50 million. The move comes nearly a year after catastrophic flooding along the Guadalupe River.
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under30ceo.combusiness22 days ago
Bed Bath & Beyond to Accept Old Coupons Again for $100,000 Home-Renovation Contest
The retailer is accepting faded and expired blue-and-white coupons at select stores through July 13. Winners will receive a home renovation and gift cards. The contest revives a practice the chain abandoned after its 2023 bankruptcy.
finance.yahoo.comfinance36 days ago
California Carl’s Jr. Franchisee Files for Bankruptcy, Plans Store Closures
A franchise operator running 59 Carl’s Jr. locations in California filed for Chapter 11 protection in April. The group intends to close 10 restaurants and sell the remainder.
forbes.comworld39 days ago
Clear CEO Caryn Seidman Becker Owns 14.5% Stake Worth $1.1 Billion
Caryn Seidman Becker purchased Clear’s assets for $6 million during its 2009 bankruptcy. The company reported $900 million in 2025 revenue and a $7.6 billion market capitalization.
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TechCrunchtechnology40 days ago
Lectric eBikes Launches Three New Brands as Industry Struggles With Rad Power Bankruptcy
The Phoenix-based company has invested about $10 million in a Juiced Bikes relaunch, a Juiced Powersports brand, and a premium adventure brand called Monarc.
Substrate placeholder — needs reviewworld44 days ago
Germany's Small Retailer Count Falls 28% Since 2010 as Discounters Gain Market Share
@zerohedge reported that small retail stores in Germany fell from 236,143 in 2010 to 170,770 in 2025. Overall retail outlets now total just over 316,000, and 2,440 retailers filed for bankruptcy in 2025.
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ICIJfinance49 days ago
Bitcoin ATM Operators Received Billions in Cryptocurrency from Major Exchanges
Several large cryptocurrency firms transferred more than $1.5 billion in bitcoin to operators of bitcoin ATMs between 2018 and 2025. The transfers continued after state and local officials raised concerns about scam activity linked to the machines. Bitcoin Depot, the largest oper…
Bloombergfinance50 days ago
U.S. Government Joins Creditors in First Brands Bankruptcy Case
The U.S. government has filed claims in the bankruptcy of autoparts maker First Brands. The filing alleges the company underpaid tariffs.
The Bbcworld51 days ago
Edinburgh Council Auctions £3m Property Portfolio of Landlord Mark Fortune
A £3 million portfolio of flats, commercial premises and a house owned by Edinburgh businessman Mark Fortune has been seized and listed for auction to recover unpaid debts. The City of Edinburgh Council initiated the sequestration process under Scottish bankruptcy law.
nypost.comworld53 days ago
U.S. Airlines Expand Premium Cabins After Spirit Bankruptcy
Major carriers are adding lie-flat business seats and premium economy sections while reducing standard economy availability. Spirit Airlines filed for Chapter 11 bankruptcy this month after 34 years of operation.
archdaily.comworld54 days ago
Hooters CEO Describes Shift Toward Family-Friendly Focus
Hooters CEO Neil Kiefer said the chain is returning to a neighborhood restaurant model that includes families. The comments follow a change in ownership after Hooters of America filed for bankruptcy in 2025.
New York Postbusiness55 days ago
Bitcoin ATM Operator Files for Bankruptcy After State Regulations
Bitcoin Depot filed for Chapter 11 bankruptcy protection in Texas. The company operated about 9,700 Bitcoin ATMs nationwide before the filing.
thepointsguy.comworld56 days ago
Credit Card Charge-Off Leaves Debt Obligation and Credit Damage Intact
A credit card charge-off marks a delinquent account but does not cancel the balance owed. The original creditor or a buyer may continue collection efforts, including lawsuits. Borrowers retain options such as settlement or bankruptcy to address the debt.
CoinDeskfinance56 days ago
Court Filings Detail Telegram Group in Jane Street Terra Trading Case
Newly unsealed court documents describe a private Telegram channel that Terraform's bankruptcy estate says gave Jane Street nonpublic information before the 2022 UST collapse. The amended complaint alleges the firm sold $192 million of UST and later profited from short positions.
livemint.comworld58 days ago
Bankruptcy Filing Halts Some Social Security Garnishments
Bankruptcy can stop certain collection actions against Social Security benefits, but outcomes depend on the type of debt and creditor. Private creditors generally cannot garnish Social Security directly, while federal obligations follow separate rules.
Fortunebusiness58 days ago
Spirit Airlines Ends Operations After 34 Years
Spirit Airlines ceased operations on May 3. A company lawyer later apologized in bankruptcy court to customers who may face higher fares.
Substrate placeholder — needs reviewfinance58 days ago
Bitcoin Depot Files for Chapter 11 Bankruptcy and Takes ATMs Offline
Bitcoin Depot filed for Chapter 11 bankruptcy in a Texas federal court on Monday. The company said it will wind down operations and sell its assets. All Bitcoin ATMs operated by the firm have been taken offline.
world59 days ago
Melbourne Nightclub Operates Without Public Liability Insurance for Two Years
Pride of our Footscray has run without public liability coverage since 2024 after 18 insurers declined to underwrite the venue. Owner Mat O'Keefe said the business would face bankruptcy if a serious claim arose.
news.google.comfinance59 days ago
Bankruptcy Court Forecloses Large Chapter 11 Case Over Missed Filing Deadline
A Colorado bankruptcy judge foreclosed a large Chapter 11 case this month after a court filing package missed the May 1 deadline due to a lost air envelope. The filing arrived one day late after being reported missing to federal law enforcement and local police.
Benzingafinance60 days ago
Washington Pizza Chain Files for Chapter 11 Bankruptcy Protection
A Washington-based wood-fired pizza chain filed for Chapter 11 bankruptcy this week. The filing lists assets of up to $50,000 and liabilities between $100,000 and $500,000.
foxnews.comfinance61 days ago
U.S. Farm Bankruptcies Rose 46% to 315 in 2025, According to Farm Bureau
Farm bankruptcy filings climbed sharply last year, with the Midwest and Southeast each recording roughly 70 percent increases. The American Farm Bureau Federation reported the national total reached 315 cases, marking the highest annual figure in recent years. The data highlight…
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forbes.comscience62 days ago
Bankruptcy Court Approves CVS Health Sale of Omnicare to GenieRx for $250 Million
A bankruptcy court approved the sale of CVS Health’s Omnicare long-term care pharmacy network to GenieRx in a $250 million deal. The transaction is the latest step in CVS Health’s effort to focus on its more profitable operations. The sale is expected to close later in 2026.
Nbc Newsworld62 days ago
Former Spirit Airlines Employees Sue Over Layoffs Without Notice
A class-action lawsuit filed this week accuses Spirit Airlines of violating federal law by shutting down operations on May 2 without providing the required advance notice to its roughly 17,000 employees. The suit, filed in bankruptcy court, seeks 60 days of pay, benefits continua…
redir.folha.com.brworld63 days ago
Braskem Idesa Nears Agreement on $250 Million Loan in Chapter 11 Bankruptcy
Mexico’s Braskem Idesa and its creditors are nearing an agreement for a loan of around $250 million as part of a Chapter 11 bankruptcy filing. The loan is intended to support the company through the restructuring process. The development was reported by people familiar with the m…
world63 days ago
Wolfspeed Shares Rise More Than 20% Premarket After Citrini Research Note
Wolfspeed stock surged in premarket trading Wednesday after thematic research firm Citrini recommended the company and highlighted its long-term potential. The move extends a rally that has seen the shares gain more than 180% this year. The chipmaker emerged from Chapter 11 bankr…
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english.radio.czworld65 days ago
Spanish Broadcasting System Reaches Deal With Creditors to Restructure Debt in Prepackaged Bankruptcy
Radio station owner Spanish Broadcasting System Inc. filed for bankruptcy on Monday after announcing plans to hand ownership to its noteholders in a debt restructuring move. The Chapter 11 filing marks the latest financial pressure on traditional radio operators facing shifting m…
app.buzzsumo.comtechnology67 days ago
Fintech Startup Parker Files for Chapter 7 Bankruptcy
Parker, which offered corporate credit cards and banking services to e-commerce businesses, filed for Chapter 7 bankruptcy protection on May 7. The company, a Y Combinator winter 2019 participant that raised more than $200 million, is reported to have shut down operations. Its fi…
marketwatch.comworld68 days ago
QVC Shareholders Claim Bankruptcy Asset Transfers Undervalue Equity Interests
Shareholders of the bankrupt television shopping network QVC have accused the company of wrongly attempting to give away hundreds of millions of dollars worth of assets to other stakeholders. The dispute centers on the allocation of company assets during the bankruptcy process. @…
The Vergetechnology68 days ago
Native Instruments Acquired by inMusic Following German Bankruptcy
inMusic, owner of Akai Professional, Moog Music and Numark, announced the purchase of Native Instruments on May 8, 2026. Native Instruments’ suite of music production software and gear, including Traktor and Kontakt, will live under the inMusic umbrella. CEO Nick Williams called…
finance.yahoo.comworld68 days ago
Live Shopping Gains Traction in U.S. as Startups Revive Infomercial Format
Live shopping has grown popular in the United States after years of dominance in Asia. App Whatnot has succeeded with rapid auctions while Victoria Jackson, who built a cosmetics brand in the 1980s using 30-minute infomercials and QVC appearances, has returned with a new line cal…
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CNBCfinance70 days ago
Spirit Airlines Files for Chapter 11 Bankruptcy
The airline stopped all flights on Saturday following two bankruptcy filings and a failed merger. A pilot delivered an emotional announcement to passengers on one of the final landings. Frontier Airlines expects revenue gains from the reduced competition.
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Nbc Newsworld71 days ago
Spirit Airlines Files for Bankruptcy After Ceasing Operations, Citing Fuel Cost Increases
Spirit Airlines ceased operations immediately on Saturday, stranding thousands of passengers and employees. A bankruptcy hearing on Tuesday revealed the shutdown stemmed from soaring fuel costs due to the U.S.-Israel war with Iran. The airline apologized to the public and warned…
BBC Newspolitics71 days ago
Spirit Airlines Files for Bankruptcy
The budget carrier announced an immediate orderly wind-down on Saturday after negotiations for a $500 million rescue deal failed. Jet fuel costs had doubled since the US-Israel war in Iran began at the end of February, delivering a final blow to the airline as it emerged from its…
investmentu.comfinance71 days agoUpdated
Spirit Airlines Files for Bankruptcy
Spirit Airlines has ceased operations following its second bankruptcy filing last summer and the collapse of negotiations for a $500 million Trump administration loan. Rival carriers including JetBlue and Breeze are adding new routes to fill gaps, while others cap fares and proce…
upgradedpoints.compolitics71 days ago
Spirit Airlines Ceases Operations
Spirit Airlines announced it is winding down operations after failing to emerge from bankruptcy, citing surging jet fuel prices from the Iran war. Trump administration officials blamed the collapse on the Biden administration's decision to block a proposed merger with JetBlue in…
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finance73 days ago
Spirit Airlines Files Second Bankruptcy and Halts Operations After Failed Recovery Negotiations
Spirit Airlines announced it is winding down global operations effective immediately, marking its second bankruptcy in 12 months. Transportation Secretary Sean Duffy attributed the collapse to pre-existing issues rather than the Iran war. Rival airlines introduced discounts and h…
Semaforpolitics73 days ago
Spirit Airlines Files for Bankruptcy
Spirit Airlines ceased operations after 34 years, canceling all flights and leaving about 17,000 employees without jobs. Failed negotiations for a $500 million government bailout amid high oil prices from the Iran war contributed to the closure. U.S. Transportation Secretary Sean…
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thepointsguy.comfinance73 days agoUpdated
Spirit Airlines Files for Chapter 11 Bankruptcy
Spirit Airlines ceased global operations on May 2, 2026, canceling all flights and shutting down customer service amid bankruptcy proceedings. The collapse followed soaring jet fuel costs from the Iran war and rejected bailout talks with the Trump administration. Major U.S. carri…
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+14finance74 days ago
Spirit Airlines Files for Bankruptcy
Spirit Airlines' effort to emerge from bankruptcy has been disrupted by rising jet fuel costs linked to the ongoing Iran War. The airline faces an extra $10 million to $15 million in weekly fuel expenses. As the conflict nears its 10th week, filling America's top-selling vehicle…
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MarketWatchpolitics75 days ago
White House Considers Bailout for Spirit Airlines in Bankruptcy
President Trump confirmed the White House is evaluating a bailout for Spirit Airlines, which has experienced two bankruptcies. A shutdown could free up airport slots and routes for competitors. The low-cost carrier appears close to ceasing operations.