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BANKRUPTCY BOOM: U.S. saw 70 major bankruptcies in just 4 months, the third worst start of year since 2000

https://www.naturalnews.com/2023-07-10-us-70-major-bankruptcies-in-4-months.html

July 10, 2023 -

This major bankruptcy rate is the third worst start to the year since 2000, surpassed only in 2009 during the height of the Great Recession and in 2020 during the upheaval caused by economic lockdowns.

In 2009, from January to April there were 118 bankruptcies. During the same period in 2020, there were 71. (Related: Corporate America experiencing BANKRUPTCY BOOM as recession looms.)

According to the business analytics platform and market intelligence ...

Bankruptcy news, articles and information:

https://www.naturalnews.com/bankruptcy.html

a long time ago - Bankruptcy news, articles and information:

EXCLUSIVE: Federal judge orders entrepreneur to commit his own Facebook identity theft or go to jail

American education heading for bankruptcy due to influx of illegal immigrants

Federal consumer 'protection' bureau caught data-mining the private financial records of millions of Americans

Warning to all police, firefighters, schoolteachers: Most government pensions to be confiscated within a decade

Obama's ...

Global bankruptcy already baked in

https://www.naturalnews.com/2023-04-07-global-bankruptcy-already-baked-in.html

April 07, 2023 - bankruptcy.

Sorry, but global bankruptcy is already baked in. Too much debt has been piled on phantom collateral and income streams derived from bubble assets rising (for example, capital gains, development taxes, etc.).

The asymmetry is now so extreme that even a modest decline in asset valuations/collateral due to a garden-variety business-cycle recession of tightening financial conditions will trigger the collapse of The Everything Bubble and the ...

Bankruptcy laws news, articles and information:

https://www.naturalnews.com/bankruptcy_laws.html

a long time ago - Bankruptcy laws news, articles and information:

Concepts related to Bankruptcy laws

Today | Week | Month | YearSee All Top Headlines...Most Popular Stories

Recommended ResourcesCounterThink Cartoons are

free to view and download. They cover topics like health, environment and freedom.The Consumer Wellness Center is

a non-profit organization offering nutrition education grants to programs that

help children and ...

Co-working facility giant WeWork files for BANKRUPTCY

https://www.naturalnews.com/2023-11-10-coworking-giant-wework-files-for-bankruptcy.html

November 10, 2023 -

CNBC reported that the company, whose headquarters is located in New York City, filed for Chapter 11 bankruptcy protection in a New Jersey federal court on Nov. 6. WeWork had entered into agreements with the vast majority of its secured note holders, and had expressed intent to trim "non-operational" leases.

In an initial filing, WeWork reported total debts of $18.65 billion against total assets of $15.06 billion – amounting to a $3.59 billion deficit. The ...

Corporate America experiencing BANKRUPTCY BOOM as recession looms

https://www.naturalnews.com/2023-05-25-corporate-america-experiencing-bankruptcy-boom-recession-looms.html

May 25, 2023 -

The increase in bankruptcy reports is most visible among some of the country's largest corporations, 236 of which filed for bankruptcy in the first four months of the year – more than double the number of similarly-sized companies that made the same filing in 2022, according to market research firm S&P Global Market Intelligence.

Large recognizable companies with hundreds or even thousands of workers have filed for bankruptcy protection in recent ...

Trucking firm granted $700 million U.S. bailout declares BANKRUPTCY

https://www.naturalnews.com/2023-08-17-trucking-firm-granted-700-million-bailout-declares-bankruptcy.html

August 17, 2023 -

Despite negotiations that went on for months, disagreements between Yellow’s management and the International Brotherhood of Teamsters (Teamsters Union), a labor union in the U.S. and Canada, resulted in the former shutting down operations late in July.

Yellow announced on Aug. 6, Sunday, that it was seeking bankruptcy protection so it could wind down its business in an "orderly" manner.

Darren Hawkins, Yellow’s chief executive, issued a statement announcing ...

EV COLLAPSE: Electric vehicle manufacturer Lordstown Motors files for bankruptcy

https://www.naturalnews.com/2023-06-29-ev-manufacturer-lordstown-motors-files-for-bankruptcy.html

June 29, 2023 -

Lordstown stated that it will be looking for potential buyers to take over its assets, including the manufacturing of the company's lone commercially-available EV, the Lordstown Endurance pickup truck. According to its recent filings, Lordstown Motors just had $108.1 million in cash available at the end of March. During the first quarter of 2023, it posted a loss of $171.1 million. (Related: Ford to lay off 1,000 employees as focus on EVs costs the company BILLIONS.)

The ...

Rite Aid to close up to 500 stores in BANKRUPTCY proposal

https://www.naturalnews.com/2023-09-25-rite-aid-close-500-stores-bankruptcy-proposal.html

September 25, 2023 - bankruptcy an effective tool to shed them."

Rite Aid is also considering holding an auction to sell its Elixir pharmacy unit along with other valuable parts of its business.

In Rite Aid's case, most of the federal opioid lawsuits against the company have been consolidated into a multi-district litigation in Ohio. There are similar pending cases the company faces in other states, as well as a civil lawsuit filed by the Department of Justice (DOJ).

The ...

WeWork files for BANKRUPTCY, prepares to dump 40 NYC office tower leases

https://www.naturalnews.com/2023-11-13-wework-bankruptcy-dump-40-nyc-office-leases.html

November 13, 2023 - bankruptcy protection in New Jersey federal court. The company spent its entire existence burning large amounts of cash raised from investors.

Across 22 rounds, most of it coming from SoftBank and SoftBank's Vision fund, WeWork raised, and burned, $13.8 billion.

The company announced in a press release that it reached a "Restructuring Support Agreement" with creditors to "drastically" reduce the company's "existing funded debt and expedite the restructuring ...

Ukraine proxy war & Gaza genocide fatally expose Western hypocrisy and moral bankruptcy

https://www.naturalnews.com/2023-11-13-ukraine-proxy-war-gaza-genocide-western-hypocrisy.html

November 13, 2023 - bankruptcy are damaging to the existential core.

Ultimately, however, there may be hope for a better, fairer and more just world. But first of all, the old Western-dominated order has to go, despite the immense pain and suffering entailed.

Read more at: Strategic-Culture.su

This site is part of the Natural News Network © 2022 All Rights Reserved. Privacy | Terms All content posted on this site is commentary or opinion and is protected under Free Speech....

Parent company of left-wing news site Vice to file for BANKRUPTCY

https://www.naturalnews.com/2023-05-03-news-site-vice-file-for-bankruptcy.html

May 03, 2023 - bankruptcy.

This video is from the Ron Gibson Channel on Brighteon.com.More related stories:

Oklahoma county officials caught on secret audio recording talking about torturing, murdering local reporters.

Fox News settles defamation lawsuit filed by Dominion Voting Systems as conservatives continue to suffer from other media outlets.

Rolling Stone covered for accused child porn offender James Gordon Meek by altering story after FBI raid.

New ...

168-year-old Santa Barbara News-Press files for bankruptcy, fires all workers

https://www.naturalnews.com/2023-07-26-santa-barbara-news-press-files-bankruptcy.html

July 26, 2023 -

This comes just months after the newspaper ceased all physical publication, becoming an online-only news publication in April. But its last digital edition was posted on Friday, July 22, following the revelation that owner Wendy McCaw had filed for bankruptcy. (Related: Birds of the same feather: Vice Media files for bankruptcy and sells off assets to left-wing billionaire George Soros.)

News-Press Managing Editor Dave Mason alerted staff about the closure ...

Woke firm Bed Bath & Beyond that dropped Mike Lindell’s MyPillow files for BANKRUPTCY

https://www.naturalnews.com/2023-04-26-woke-bed-bath-beyond-files-for-bankruptcy.html

April 26, 2023 -

According to the Wall Street Journal (WSJ), the retailer filed for Chapter 11 bankruptcy in Newark, New Jersey on April 23. The company said it expects to eventually close all of its 360 BBB and 120 Buybuy Baby locations across the country. It added that Sixth Street Partners, its top lender, has put up $240 million in financing to keep BBB operational through the liquidation process.

"Bankruptcy gives BBB the breathing room to conduct going-out-of-business ...

Germany’s economic backbone at breaking point as millions of family-owned companies face bankruptcy

https://www.naturalnews.com/2024-03-18-3m-family-owned-companies-up-for-sale.html

11 days ago -

Roughly three million family-run businesses have been reported to have seen critical investments in new technologies as unfeasible or not worth the trouble, due to stiff economic headwinds, elevated borrowing costs and a proliferation of red tape.

"The number of small and mid-sized German companies coming up for sale has been piling up for years," said Jens Krane, head of mergers and acquisitions at Commerzbank AG, which specializes in the type of businesses. "A combination ...

Another one bites the dust: Major car dealership files for bankruptcy, fires all employees

https://www.naturalnews.com/2023-09-14-car-dealership-files-bankruptcy-fires-all-employees.html

September 14, 2023 - bankruptcy.)

Some frustrated customers were forced to leave empty-handed after receiving the news of the sudden closure. Numerous former employees disclosed that they were notified of their termination immediately following a company-wide meeting on Sept. 6.

A total of 466 people were out of work following the dealer's closure. Before stopping operations, the firm had 500 vehicles at its five sites. It also had an operation in Katy, Texas, near Houston ...

Remember Proterra, the electric bus company shilled by Biden? It just filed for BANKRUPTCY

https://www.naturalnews.com/2023-08-14-electric-bus-company-proterra-files-for-bankruptcy.html

August 14, 2023 -

Biden regime Energy Secretary Jennifer Granholm, who previously served on Proterra's board of directors, aggressively hyped the company at a time when she held more than $1 million worth of stock – this is known as market manipulation, by the way.

On March 30, 2017, a little over two months after Donald Trump was sworn in as America's 45th president, Proterra tweeted about Granholm's appointment, noting that she also previously served as governor in Michigan.

"Her ...

Major Burger King franchisee files for BANKRUPTCY as fast-food industry faces doom of “Bidenomics”

https://www.naturalnews.com/2023-11-16-major-burger-king-franchisee-files-for-bankruptcy.html

November 16, 2023 -

Premier Kings, which owns 172 Burger King locations in the two states, announced that it had filed for Chapter 11 bankruptcy protection in the Bankruptcy Court for the Northern District of Alabama. The franchisee's Oct. 26 filing came after the May 2022 death of owner Manraj "Patrick" Sidhu, whose Popeyes Louisiana Kitchen stores were put into bankruptcy earlier this year for the same reason.

The Montgomery, Alabama-based Premier Kings said ...

East Coast’s largest groundfish company files for bankruptcy, lays off workers with no severance pay

https://www.naturalnews.com/2023-09-20-blue-harvest-files-bankruptcy-lays-off-workers.html

September 20, 2023 -

Blue Harvest Fisheries unexpectedly filed for Chapter 7 bankruptcy on September 8, meaning it will most likely have to close and liquidate all of its company assets. The food giant quietly made a decision to stop its fishing operations on Sept. 1 and has yet to make a public announcement. The "secretive" move left the industry regulators, fishermen and city officials in the dark as it abruptly grinds to a halt.

A lawyer who reviewed the company's court records ...

Driving on an empty tank: Florida trucking company files for bankruptcy as transportation demand plummets

https://www.naturalnews.com/2023-04-14-florida-trucking-company-files-for-bankruptcy.html

April 14, 2023 -

Makena Trading Corp. of Pembroke Pines, Florida, doing business as Makena Express, filed its bankruptcy petition with the U.S. Bankruptcy Court of the Southern District of Florida on Monday, April 10. Company President Guillermo Gutierrez claimed the pandemic continues to make revenues decline.

Makena Express earned almost $2.3 million in 2022. The bankruptcy case's summary put the carrier's gross revenues from Jan. 1 until its bankruptcy ...


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