Bankruptcy News | Today's Latest Stories | Reuters
WEB3 days ago · Mobileum emerges from Chapter 11 bankruptcy process. U.S. telecom services provider Mobileum said on Thursday it had emerged from the Chapter 11 bankruptcy process, and secured $60 million of new ...
Yellow’s Loss in Pension Battle Tees Up New Phase of Bankruptcy
WEB3 days ago · Judge Craig T. Goldblatt of the US Bankruptcy Court for the District of Delaware on Sept. 13 rejected Yellow’s challenges to the regulatory power of the Pension Benefit Guaranty Corporation. The company had disputed the agency’s authority in hopes of getting its pension liability slashed or eliminated. The decision brought clarity to what ...
Tupperware, Food Container Pioneer, Files for Bankruptcy
WEB2 days ago · Leer en español. Tupperware Brands, whose name became synonymous with plastic food containers in kitchens across America, filed for bankruptcy protection on Tuesday after struggling for years ...
Synapse bankruptcy trustee says $85 million of customer ... - NBC News
WEBJune 7, 2024, 12:27 PM PDT / Source: CNBC. By Hugh Son, CNBC. There is an $85 million shortfall between what partner banks of fintech middleman Synapse are holding and what depositors are owed ...
WSJ Pro - Bankruptcy - The Wall Street Journal
WEBDow Jones publishes exclusive news & insight on in-progress bankruptcies & companies headed for distress. Access news, court documents, filings, bond pricing & issuances & more from Daily...
US bankruptcies surged 18% in 2023 and seen rising again in 2024 ...
WEBJan 3, 2024 · U.S. bankruptcy filings surged by 18% in 2023 on the back of higher interest rates, tougher lending standards and the continued runoff of pandemic-era backstops, data published Wednesday showed,...
Bankruptcies were up this year, in spite of the U.S.'s improving ...
WEBDec 29, 2023 · Corporate bankruptcies were up in 2023, reaching one of the highest levels in the past decade. Rising interest rates, high debt loads and inflation pushed a growing number of firms to the brink....
Bankruptcy Filings Rise 16.8 Percent | United States Courts
WEBJan 26, 2024 · Total bankruptcy filings rose 16.8 percent, with significant increases in both business and non-business bankruptcies, in the twelve-month period ending Dec. 31, 2023. This accelerates a continuing rebound in filings after more than a decade of sharply dropping totals.
US Bankruptcy Tracker: Courts Saw Four Big Filings Last Week
WEBUS bankruptcy courts recorded four new, large filings last week while the pile of distressed debt shrank by $2 billion, according to data compiled by Bloomberg.
Corporate bankruptcies up in 2023. Experts say it could get worse. - NPR
WEBDec 28, 2023 · Hundreds of debt-saddled companies filed for bankruptcy this year, as the era of easy money caught up to corporations. High interest rates mean banks aren't extending lifelines.
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