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bankruptcy

Top investment bank CEO says he was ‘defrauded’ by the bankruptcy that’s rattling Wall Street. Famous shortseller sees an Enron moment

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A leading Wall Street investment bank’s top executive claims to have been “defrauded” in the bankruptcy saga surrounding First Brands Group, a collapse that now threatens a chain reaction across global credit markets. At the same time, legendary shortseller Jim Chanos, famed for his role exposing Enron’s scandal, has drawn ominous parallels between this moment … Read more

Tether resolves all issues in Celsius bankruptcy case

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Key Takeaways Tether has settled all claims relating to the Celsius bankruptcy case. The settlement resolves long-standing disputes regarding Tether’s role in liquidating Celsius loans during the lender’s 2022 collapse. Share this article Tether has settled all claims related to the Celsius bankruptcy case, CEO Paolo Ardoino announced today. The agreement resolves disputes between Tether … Read more

10 Key Benefits of Filing Chapter 13 Bankruptcy

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September 3, 2025 By admin Individuals filing for Chapter 13 bankruptcy can provide a structured manner of dealing with debt without losing valuable property. In contrast to Chapter 7, which involves liquidation, Chapter 13 includes repayment over time. This is a beneficial alternative to individuals who wish to restructure their finances while retaining their property. … Read more

Spirit Airlines files for bankruptcy again, and flight attendants union warns to ‘prepare for all possible scenarios’

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The ultra low-cost airline said it plans to keep flying as usual during the restructuring process, meaning passengers can still book trips and use their tickets, credits and loyalty points. Employees and contractors will also continue to get paid, the company said. CEO Dave Davis said the airline’s previous Chapter 11 petition focused on reducing … Read more

Claire’s, your mall’s teen-ear-piercing destination, files for bankruptcy with assets and liabilities between $1 billion and $10 billion

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Mall-based teen accessories retailer Claire’s, known for helping to usher in millions of teens into an important rite of passage — ear piercing — but now struggling with a big debt load and changing consumer tastes, has filed for Chapter 11 bankruptcy protection. Claire’s Holdings LLC and certain of its U.S. and Gibraltar-based subsidiaries — … Read more

Del Monte Foods’ bankruptcy rebounds on its Singapore-listed parent company

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Del Monte Foods, best known for its canned vegetables and fruits, filed for bankruptcy earlier this week and is looking for a buyer. The nearly 140-year-old brand announced on Tuesday that it is voluntarily entering Chapter 11 as “part of an overall strategic balance-sheet restructuring.”  “A court-supervised sale process is the most effective way to … Read more

Signs You Might Need a Bankruptcy Lawyer Sooner Than You Think

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When financial burdens begin to pile up, it’s natural to feel overwhelmed. Rising debt, missed payments, and pressure from creditors can leave you emotionally drained and uncertain about what to do next. In such a fragile state, it’s hard to know which option is best, and making the wrong choice can have lasting consequences. Many … Read more

Ripple CEO denies ties with investment platform Linqto amid fraud probe, bankruptcy concerns

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Key Takeaways Ripple CEO clarified that the firm has no direct business relationship with Linqto and that Linqto purchased Ripple shares only in the secondary market. Linqto faces fraud and securities law investigations over undisclosed markups and improper share sales, resulting in investor account lockouts. Share this article Ripple CEO Brad Garlinghouse has publicly denied … Read more

Battery manufacturer Powin files for bankruptcy months after landing $200M loan

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Battery manufacturer Powin filed for bankruptcy on Wednesday. The Oregon-based company said it has more than $300 million in debt. The Chapter 11 filing will let the company continue operating while it restructures its debt. Powin manufactured grid-scale batteries using lithium-iron-phosphate (LFP) cells from China. The company had been searching for alternative domestic suppliers, but … Read more

23andMe says 15% of customers asked to delete their genetic data since bankruptcy

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23andMe’s interim chief executive Joseph Selsavage told lawmakers on Tuesday that 1.9 million people, or about 15% of its customer base, have requested their genetic data be deleted from the company’s servers since it filed for bankruptcy protection in March. Selsavage was speaking at a House Oversight Committee hearing, during which lawmakers scrutinized the company’s … Read more

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