TRENTON, NJ – In the twelve-month period ending December 31, 2023, the United States saw a notable rise in bankruptcy filings, according to the latest statistics from the Administrative Office …
Bankruptcy
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By Maki Shiraki and Anton Bridge TOKYO (Reuters) – The seeds of former flight attendant Mitsuko Tottori’s rise to the top of Japan Airlines (JAL) were planted in the aftermath …
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By Jonathan Stempel (Reuters) – A federal appeals court on Friday ordered the appointment of an independent bankruptcy examiner to investigate the Nov. 2022 collapse of FTX, the cryptocurrency exchange …
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SAO PAULO (Reuters) – Brazilian airline Gol said on Tuesday it is discussing how to reach a “consensual” restructuring with financial stakeholders, following a media report that it was mulling …
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SOMERDALE, NJ – Flying Fish Brewery Company, one of New Jersey’s pioneering craft breweries, has filed for Chapter 11 bankruptcy protection amid substantial financial challenges. The Somerdale-based brewery reported liabilities …
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(Reuters) – Air Methods, a private equity-owned medical helicopter company, said on Thursday it has emerged from bankruptcy nearly two months after it filed for Chapter 11 bankruptcy protection. The …
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(Reuters) -Cryptocurrency miner Core Scientific said on Thursday it was expecting to emerge from bankruptcy in mid-to-late January, a year after it became a casualty of high-profile collapses that led …
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By Dietrich Knauth NEW YORK (Reuters) – Pharmacy chain Rite Aid received court approval on Tuesday for a bankruptcy loan that would let the company borrow an additional $200 million, …
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By Brendan Pierson (Reuters) – Johnson & Johnson’s worldwide vice president for litigation said on Tuesday that the company has recently reached settlements with several law firms over their clients’ …
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FRANKFURT (Reuters) – Signa Real Estate Management confirmed its bankruptcy filing in a letter to employees on Friday evening, German magazine Wirtschaftswoche reported on Saturday, citing a copy of the …
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MEXICO CITY (Reuters) – A U.S. judge has dismissed an involuntary bankruptcy case against Mexican broadcaster TV Azteca, controlled by Mexican billionaire Ricardo Salinas Pliego, stemming from a petition filed …
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By Dietrich Knauth NEW YORK (Reuters) – Crypto lender Celsius Network has scaled back its post-bankruptcy business plans to focus only on bitcoin mining, citing U.S. regulators’ skepticism of its …
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WASHINGTON – The Justice Department, in close coordination with the Department of Education, announced today a successful first year of the new process for handling cases in which individuals seek …
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LOS ANGELES – An Agoura Hills real estate developer was sentenced today to 41 months in federal prison for failing to disclose on a bankruptcy petition that he had earned …
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(Reuters) -Drugmaker Mallinckrodt said on Tuesday it has emerged from bankruptcy and reduced its total funded debt by about $1.9 billion. Mallinckrodt, which won court approval for its bankruptcy plan …
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One Of The 2010s’ Trendiest Startups Plans To File Bankruptcy: REPORT Will Kessler on October 31, 2023 The once-booming start-up WeWork will file for bankruptcy as early as next week …
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By Dietrich Knauth NEW YORK (Reuters) – Prima, a private-equity backed farmer that is the largest producer of peaches and other stone fruit in North America, filed for Chapter 11 …
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BALTIMORE, MD – The Archdiocese of Baltimore filed for Chapter 11 bankruptcy protection on Friday, a preemptive move ahead of a Maryland state law that would allow survivors of sexual …
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NEWARK, NJ – Hundreds of Rite-Aid stores are shutting down including many in New Jersey, New York and Pennsylvania. Rite Aid is currently in negotiations with creditors regarding a bankruptcy …
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(Reuters) – Rite Aid is negotiating with creditors over the terms of a bankruptcy plan that would include liquidating a substantial portion of its more than 2,100 drugstores, the Wall …
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Two Rite Aid stores in New Jersey have closed and one more will be shutting down soon as the company contemplates a Chapter 11 bankruptcy filing, which could provide a …
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(Reuters) – Ford Motor Chief Executive Jim Farley said Thursday the United Auto Workers union proposal to hike wages by 40%, cut workweeks and add new pension benefits could bankrupt …
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TOMS RIVER, NJ – The Toms River Democrats waited until the last minute to announce their full slate of candidates in the November election and today, we’re learning why. A …
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By Dietrich Knauth (Reuters) -A U.S. bankruptcy judge on Wednesday approved Party City Holdco’s Chapter 11 bankruptcy plan, which will cancel about $1 billion in company debt and turn all …
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(Reuters) – A group of wall street funds which lent cash to WeWork is exploring the possibility of a bankruptcy filing, the Wall Street Journal reported on Thursday citing people …