Bankruptcy

(Reuters) – From a failed merchandising strategy to activist investor pressure over overpayed executives, Bed Bath & Beyond Inc has been on a largely downhill ride over the last few …

Major Retailer Raises Specter Of Bankruptcy Amid Ongoing Financial Disaster John Hugh DeMastri on January 5, 2023 Bed Bath & Beyond anticipated that it will report a nearly $400 million …

By Kristina Cooke, Mike Spector, Benjamin Lesser, Dan Levine and Disha Raychaudhuri (Reuters) – Lawmakers around the United States have tried to grant justice to victims of decades-old incidents of …

By Dietrich Knauth (Reuters) – A group of FTX customers from outside the United States have asked a U.S. bankruptcy judge to keep their names secret during the cryptocurrency exchange’s …

SAO PAULO (Reuters) – Shares in Brazilian telecom firm Oi SA soared on Thursday after it revealed it was exiting bankruptcy protection, marking the closure of a restructuring process that …

ST. PAUL, Minn.– A former attorney from Willmar has been sentenced to 18 months in prison, followed by one-year of supervised release and required to pay a $20,000 fine for …

By Dietrich Knauth (Reuters) – A U.S. bankruptcy judge on Wednesday ruled that some customers of crypto lender Celsius Network should receive their deposits back, giving relief to a relatively …

By Tom Hals and Dietrich Knauth WILMINGTON, Del. (Reuters) – A U.S. judge this week is considering for the first time the question of who owns bitcoin and other tokens …

Seattle – A former Bellevue, Washington, resident who relocated to Miami, was convicted today in U.S. District Court in Seattle of 26 counts related to his multimillion-dollar Ponzi scheme, announced …

By Dietrich Knauth (Reuters) – The U.S. Department of Justice’s bankruptcy watchdog on Thursday called for an ihttp://content.reuters.com/auth-server/content/tag:reuters.com,2022:newsml_RC26JX9BBGZW:1692162663/tag:reuters.com,2022:binary_RC26JX9BBGZW-BASEIMAGE?action=download&mediatype=picture&mex_media_type=picture&token=%22mwBUp%2BosqWSEU3ejd4TI%2F34aSJDP2atyImvrSv5CoSE%3D%22ndependent investigation into the collapse of crypto exchange FTX, saying customers need a …

By Dietrich Knauth (Reuters) – 2022 has been a rough year for the crypto industry. The price of bitcoin has dropped 65% since the start of the year, the cryptocurrency …

(Reuters) – Twitter has had a bumpy ride since new owner Elon Musk took charge last month. The world’s richest person halted plans to charge $8 for the sought-after blue …

By Dietrich Knauth (Reuters) – Crypto exchange FTX filed for Chapter 11 bankruptcy protection in the United States on Friday following its precipitous collapse, saying it could owe money to …

MEXICO CITY (Reuters) – Troubled Mexican non-bank lender Credito Real is in talks with foreign bondholders, prompting creditors to delay their request for an involuntary U.S. bankruptcy hearing, according to …

PORTLAND, Maine: A Saco woman pleaded guilty in U.S. District Court in Portland today to committing bankruptcy fraud, U.S. Attorney Darcie N. McElwee announced. According to court records, in April 2020, …

(Reuters) – Twitter has had a bumpy ride since new owner Elon Musk took charge last month. The world’s richest person halted plans to charge $8 for the sought-after blue …

(Reuters) – Shares of cryptocurrency and blockchain-related firms dropped on Friday after FTX, one of the biggest crypto exchanges, said it would initiate bankruptcy proceedings in the United States, triggering …

Musk Tells Twitter Staff ‘Bankruptcy Isn’t Out Of The Question’ As Executives Jump Ship Over Privacy Concerns: REPORT John Hugh DeMastri on November 10, 2022 At an all hands meeting …

BEIJING (Reuters) – China’s banking institutions could apply to a court to be declared bankrupt under rule amendments proposed by China’s banking and insurance regulator on Friday. The watchdog’s various …

SACRAMENTO, Calif. — Kulvir Singh Cheema, 61, of Ripon, was sentenced today to 14 months in prison, a $4,000 fine, and was ordered to pay $259,031 in restitution for filing a …

East St. Louis, Ill. – A former resident of Edwardsville, Illinois, pled guilty on Friday, October 28, 2022, to making a series of false statements during his 2018 bankruptcy case in …

By Dietrich Knauth (Reuters) – Movie theater chain Cineworld Group on Monday announced a bankruptcy settlement with its landlords and lenders, clearing the way for the company to borrow an …

By Dietrich Knauth (Reuters) – Bankrupt Texas petrochemical producer TPC Group on Thursday announced a $30 million settlement with junior creditors, including people with injury and property damage claims related …

SANTIAGO (Reuters) – LATAM Airlines, the biggest carrier in Latin America, said it plans to conclude its exit from bankruptcy on Nov. 3. “This process will allow the group to …