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Bankruptcy news, articles and information:

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

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 ...

National bankruptcy news, articles and information:

a long time ago - National bankruptcy news, articles and information:

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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 ...

Bankruptcy laws news, articles and information:

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

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Recommended ResourcesCounterThink Cartoons are

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

help children and ...

Medical bankruptcy news, articles and information:

a long time ago - Medical bankruptcy news, articles and information:

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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 ...

Personal bankruptcy news, articles and information:

a long time ago - Personal bankruptcy news, articles and information:

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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 ...

The moral bankruptcy of the West

January 04, 2025 -

(Article republished from Mearsheimer.Substack.com)

On 5 December 2024, Amnesty International issued a 296-page report detailing Israel’s genocide in Gaza.

On 21 November 2024, the International Criminal Court issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Israeli Defense Minister Yoav Gallant for crimes against humanity and war crimes.

On 26 January 2024, the International Court of Justice found that a plausible case can ...

Del Monte Foods files for Chapter 11 bankruptcy

July 05, 2025 -

Del Monte Foods, a household name in the canned food aisle for over a century, has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of New Jersey as part of a sweeping financial and operational restructuring.

The 138-year-old food manufacturer, best known for its iconic canned fruits and vegetables, said the filing is a strategic step forward that will enable it to pursue a court-supervised ...

Tech giant Microsoft’s Russian subsidiary files for BANKRUPTCY

June 02, 2025 -

The Russian subsidiary of Big Tech company Microsoft has filed for bankruptcy, marking the latest retreat of a major American corporation from the country.

Microsoft Rus LLC filed a bankruptcy notice with the Russian Unified Federal Registry of Bankrupt Declarations (Fedresurs) on Friday, May 30. According to a report by Ukrainska Pravda, the subsidiary is also preparing a bankruptcy filing at the Moscow Arbitration Court ...

Casual restaurant chain TGI Fridays files for BANKRUPTCY

November 06, 2024 -

The Associated Press (AP) reported that the Dallas-based chain filed for bankruptcy in a Texas federal court on Saturday, Nov. 2. TGI Fridays Executive Chairman Rohit Manocha said in a statement that the restaurant's financial woes stemmed from the pandemic and its capital structure. The business is looking for ways to "ensure the long-term viability" of its brand following its decision to close many of its branches last year, AP continued.

Meanwhile, the Wall ...

Co-working facility giant WeWork files for BANKRUPTCY

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

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 ...

SIXTH property insurer declares bankruptcy after Hurricane Ian

October 03, 2022 -

According to reports, state regulators in Florida have asked a judge to place a property insurance company in receivership following Hurricane Ian.

The Florida Department of Financial Services is seeking to be the appointed receiver for FedNat Insurance Company, which was already struggling long before Ian arrived. (Related: Florida's fertilizer hub took a direct hit from Hurricane Ian.)

FedNat canceled 56,500 policies back in May. In June, the company reached ...

Subprime auto lender PrimaLend files for Chapter 11 bankruptcy

October 24, 2025 -

PrimaLend Capital Partners – a lender specializing in financing for "buy-here-pay-here" auto dealerships catering to subprime borrowers – filed for Chapter 11 bankruptcy on Wednesday, Oct. 22, after months of failed negotiations with creditors.

The Texas-based firm, which provides loans to high-risk customers often excluded from traditional lending, listed assets and liabilities each under $500 million in court filings. It follows the ...

America’s largest private bus company officially files for BANKRUPTCY

June 20, 2024 -

According to the documents filed in bankruptcy court in Wilmington, Delaware on June 18, Coach USA, the largest privately owned bus company in the U.S., filed for Chapter 11 bankruptcy protection due to the slow recovery in ridership since the Wuhan coronavirus (COVID-19) pandemic in 2020. Coach USA also revealed in the court filings that its ridership plummeted by 90 percent in 2020 due to pandemic lockdowns, and despite efforts to bounce back, ridership levels ...

EV startup Fisker files for bankruptcy after suspending production

June 20, 2024 - bankruptcy.)

Moreover, Fisker switched from a direct-to-consumer sales model to a dealership-based distribution approach, signing agreements for 15 dealer locations in the U.S. and 12 partners in Europe. But then, the company delivered less than half its over 10,000 produced vehicles in 2023, while struggling to clear its inventory of more than 5,000 cars.

"Like other companies in the electric vehicle industry, we have faced various market and macroeconomic ...

Casual dining chain Red Lobster officially files for BANKRUPTCY

May 30, 2024 -

Citing a CNBC report, 100 Percent Fed Up said the seafood restaurant cited "a difficult macroeconomic environment, a bloated and under-performing restaurant footprint, failed or ill-advised strategic initiatives and increased competition" in its Chapter 11 bankruptcy filing. Days before, the 56-year-old chain shuttered almost 100 locations across the country, amid massive losses triggered by its unlimited shrimp promotion.

"Red Lobster's restaurants will remain ...

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

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 ...

Crypto lender BlockFi blocks withdrawals as FTX declares bankruptcy

November 16, 2022 -

With FTX announcing its plans to file for bankruptcy on Friday, Nov. 11, BlockFi announced via Twitter on the same day that it is "stopping client withdrawals" because of a "lack of clarity" regarding the fate of Sam Bankman-Fried's crypto exchange empire.

More precautionary actions could be expected from BlockFi, which admitted in a statement on Monday, Nov. 14, that it also has significant exposure to FTX. BlockFi has also instructed clients not to submit ...

Former multibillion-dollar crypto firm FTX files for bankruptcy

November 15, 2022 - bankruptcy.

Bankman-Fried offered little information on when or if FTX customers will find relief. "I'm going to work on giving clarity on where things are in terms of user recovery ASAP. Hopefully things can find a way to recover. Hopefully, this can bring some amount of transparency, trust, and governance to them. Ultimately, hopefully, it can be better for customers" Bankman-Fried said in a series of tweets, which received skeptical replies from netizens.

The ...