bankruptcy
45 stories related to this topic, newest first.
247wallst.comGermany'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.
newser.comCalifornia AG Sues 23andMe Successor Chrome Holding Over 2023 Data Breach Affecting 7 Million Users
Rob Bonta filed suit Thursday in San Francisco Superior Court against the company formerly known as 23andMe, alleging it failed to protect customer data and misled users about the breach.
ICIJBitcoin 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…
BloombergU.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.
nypost.comU.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.
New York PostBitcoin 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.
livemint.comBankruptcy 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.
FortuneSpirit 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.
cointelegraph.comBitcoin 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.
news.google.comBankruptcy 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.
reviewjournal.comWashington 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.comU.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…
forbes.comBankruptcy 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 NewsFormer 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.brBraskem 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…
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…
Nbc NewsCrowdfunding Effort for Bankrupt Spirit Airlines Reaches $337 Million in Pledges
Hunter Peterson, a 32-year-old voice actor and content creator, launched a viral effort to revive Spirit Airlines days after its closure on May 2, 2026. The campaign has drawn more than 370,000 verified pledges modeled after the Green Bay Packers' fan ownership structure. Experts…
english.radio.czSpanish 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.comFintech 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…
DeadlineWarner Bros Discovery and Village Roadshow Settle Long-Running 'Matrix' Co-Financing Dispute for $57 Million
Warner Bros Discovery has received a $57 million payment from bankrupt co-financier Village Roadshow and withdrawn its attempt to enforce a $125 million judgment over The Matrix: Resurrections. The withdrawal, filed without prejudice in LA Superior Court this week, follows years…
marketwatch.comQVC 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 VergeNative 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…
qz.comSpirit Airlines Completes Most Passenger Refunds After Ceasing Operations
Spirit Airlines said Sunday it had largely finished refunding passengers and returning crew members to their home bases after halting all flights over the weekend. The carrier cited severe financial pressures including rising fuel costs linked to the Israel-Iran war. Some passeng…
CNBCSpirit 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.
Nbc NewsSpirit 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 NewsSpirit 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…
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…
thepointsguy.comSpirit 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…
fortune.comSpirit Airlines to Shut Down After Failed $500M Bailout Talks; Trump Reviews Iran Ceasefire Proposal
President Trump expressed doubt over Iran's latest ceasefire proposal amid ongoing negotiations via Pakistani mediators. Separately, Spirit Airlines announced it will cease operations following unsuccessful talks for a $500 million government bailout. The airline's decision stems…
brobible.comSpirit Airlines Ceases Operations After 34 Years
Spirit Airlines announced it has gone out of business and started an orderly wind-down of operations effective May 2, 2026. The ultra-low-cost carrier, which employed more than 17,000 people, cited inability to secure federal funding. All flights are cancelled, with refunds proce…
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…
Grant Wickes from Plano, TX (Dallas), USA / Wikimedia (CC BY 2.0)Spirit Airlines Ceases Operations After $500 Million Bailout Bid Fails
Spirit Airlines is set to cease operations after unsuccessful attempts to obtain a $500 million government lifeline amid financial struggles. The shutdown could disrupt travel for thousands, with experts advising passengers to seek refunds through credit card protections. Competi…
MarketWatchWhite 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.
washingtonpost.comRed Lobster Revives Endless Shrimp Promotion Following 2024 Bankruptcy Emergence
Red Lobster has announced the return of its Endless Shrimp promotion, the first since its 2024 bankruptcy. The deal offers unlimited shrimp dishes for a set price at locations across the United States. No start date or pricing details were provided in the announcement.
Substrate placeholder — needs reviewTerraform Labs Sues Jane Street in Bankruptcy Case Over 2022 UST Collapse; Jane Street Moves to Dismiss
Jane Street has asked a federal court to dismiss a bankruptcy lawsuit from Terraform Labs. The suit alleges the trading firm contributed to the 2022 collapse of the UST stablecoin. Jane Street described the action as an effort to shift blame for Terraform's own fraud.
upi.comTrump Administration Considers Defense Production Act for Spirit Airlines Bailout
The Trump administration is exploring the use of the Defense Production Act to provide a $500 million loan to Spirit Airlines amid its second bankruptcy in two years. Rising jet fuel costs from the Iran war have strained the airline, prompting discussions of federal intervention…
onemileatatime.comU.S. Government Considers Defense Production Act Loan for Spirit Airlines Amid Bankruptcy
The Trump administration is considering using the Defense Production Act to provide a federal bailout for Spirit Airlines, which has filed for bankruptcy twice in recent years. The plan involves a $500 million loan and potential Pentagon use of the airline's capacity. Officials a…
Substrate placeholder — needs reviewSpirit Airlines Pursues $500 Million in U.S.-Supported Financing in Bankruptcy
Spirit Airlines is in advanced talks with the federal government for up to $500 million in financing, potentially giving the U.S. a stake of up to 90% in the company. The airline's lawyer stated it needs new funds or access to $240 million by the end of next week to prevent liqui…
Substrate placeholder — needs reviewJane Street Seeks Dismissal of Terraform Labs' Bankruptcy Lawsuit Alleging Insider Trading in 2022 UST
Jane Street submitted two filings on April 24, 2026, to a federal court in New York seeking dismissal of a lawsuit from Terraform Labs' bankruptcy estate. The suit accuses the trading firm of using insider information in trades preceding the 2022 TerraUSD stablecoin collapse. Jan…
Substrate placeholder — needs reviewSpirit Airlines Files for Bankruptcy, Seeks $500M Aid
The Trump administration is close to finalizing a $500 million bailout deal for Spirit Airlines, which has filed for bankruptcy twice. President Trump confirmed the government could provide a rescue package or buy the carrier outright. Critics including Kevin O’Leary called the p…
wwd.comQVC Group Files for Chapter 11 Bankruptcy with Debt Reduction Plan
QVC Group, the parent company of shopping channels QVC and HSN, has filed for Chapter 11 bankruptcy protection. The filing includes a restructuring agreement aimed at reducing the company's debt from $6.6 billion to $1.3 billion within 90 days. Operations will continue normally w…
Substrate placeholder — needs review801 Restaurant Group Files for Chapter 11 Bankruptcy to Restructure Debt
The family-owned 801 Restaurant Group filed for Chapter 11 bankruptcy on April 10 in Kansas court, citing the need to restructure debt while keeping operations running. The filing lists liabilities of about $18.7 million, stemming mainly from closures of specific locations. Indiv…
Substrate placeholder — needs reviewCalifornia Fast-Food Wage Increase Cited in Bankruptcy Filing by Carl's Jr. Franchisee
A subsidiary of Carl’s Jr. Friendly Franchisees Corp. filed for Chapter 11 bankruptcy, attributing financial distress in part to California's $20 minimum wage for fast-food workers. The company operates multiple locations in the state. The filing highlights challenges faced by fr…
Substrate placeholder — needs reviewAscend Elements Files for Chapter 11 Bankruptcy After Grant Cancellation
Ascend Elements, a battery recycling company, announced it will file for Chapter 11 bankruptcy. The filing follows the cancellation of a government grant and difficulties in the lithium-ion battery market. The company aims to restructure its operations through the bankruptcy proc…
Substrate placeholder — needs reviewFederal Judge Rules Bankrupt First Brands Must Allow Last-Minute Bidder for Brands
A U.S. federal judge has ordered bankrupt auto-parts maker First Brands Group to provide a last-minute bidder an opportunity to purchase some of its brands. The ruling requires First Brands to share bidding information and facilitate the process. The decision addresses a late-sta…