Phil Murphy’s Flawed School Funding Formula Sends One Of New Jersey’s Largest Districts Into Bankruptcy
TOMS RIVER, N.J. — The Toms River Regional School District is warning of potential summer school cancellations and exploring Chapter 9 bankruptcy as it faces a multimillion-dollar budget shortfall, despite increases in…
FTX customers ask bankruptcy court to keep their names secret
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 bankruptcy case,…
Brazil’s Oi exits bankruptcy protection after more than 6 years; shares jump
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 lasted more…
Former Willmar Attorney Sentenced to 18 Months in Prison for Bankruptcy Fraud
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 fraudulent concealment…
Celsius bankruptcy judge orders return of some crypto assets to customers
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 small group…
U.S. court weighs novel issue of crypto ownership in bankruptcy
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 in frozen…
Former Seattle area resident convicted of conspiracy and multiple counts of mail and wire fraud plus various bankruptcy fraud counts
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 U.S. Attorney…
DOJ watchdog seeks independent review of FTX bankruptcy
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 neutral party…
Factbox-Crypto companies crash into bankruptcy
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 Luna suffered…
Fitch downgrades Mexico’s Unifin to ‘D’ on bankruptcy proceedings
MEXICO CITY (Reuters) -Fitch Ratings on Friday downgraded Mexican leasing firm Unifin Financiera’s long and short-term local and foreign currency issuer default ratings (IDRs) to ‘D’ from ‘RD’ due to the firm’s…
Factbox-Twitter 2.0: Musk warns of bankruptcy, flip-flops on blue check mark in chaotic start
(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 check mark…
Explainer-What’s next in FTX’s bankruptcy
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 more than…
Credito Real in talks with bondholders as bankruptcy ruling looms
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 two sources…
Saco Woman Pleads Guilty to Bankruptcy Fraud
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, Christina Q.…
Factbox-Twitter 2.0: Elon Musk warns of bankruptcy, flip-flops on blue check mark in chaotic start
(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 check mark…
Crypto stocks slide as FTX prepares for bankruptcy proceedings
(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 a potentially…
Musk Tells Twitter Staff ‘Bankruptcy Isn’t Out Of The Question’ As Executives Jump Ship Over Privacy Concerns: REPORT
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 with Twitter…
China proposes new rules on banking sector bankruptcy
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 proposals seek…
San Joaquin County Man Sentenced to 14 Months in Prison for Committing Bankruptcy Fraud
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 false bankruptcy…
FORMER EDWARDSVILLE RESIDENT PLEADS GUILTY TO BANKRUPTCY FRAUD
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 the U.S. Bankruptcy…
Cineworld reaches bankruptcy settlement with landlords, lenders
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 additional $150…
Chemical maker TPC Group reaches $30 million bankruptcy settlement
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 to a…
LATAM Airlines says it will exit bankruptcy on Nov. 3
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 emerge more…
LATAM Airlines prepares to exit bankruptcy in November
SANTIAGO (Reuters) – LATAM Airlines detailed a financing plan on Wednesday that the company hopes will finalize its exit from bankruptcy in the first week of November. The company filed for Chapter…
Jury Convicts Man of Bankruptcy Fraud and Tax Evasion
LAKE CHARLES, La. – United States Attorney Brandon B. Brown announced that a federal jury in Lake Charles returned a guilty verdict late yesterday against Joseph Randall Boswell, Sr., 53, of Elizabeth,…
Cancer victims urge court to end J&J bankruptcy roadblock to lawsuits
By Dietrich Knauth (Reuters) – People suing Johnson & Johnson over the company’s talc products urged an appeals court on Monday to revive their claims, saying the profitable company should not be…
Breaking News
