Bankruptcy Newswire

Insolvency Bill to give fresh start

Parliament has fast-tracked a major overhaul of Fiji’s 81-year-old bankruptcy system, referring the new Personal Insolvency, Financial Rehabilitation and Entrepreneurial Rescue Bill 2025 to the Standing Committee on Justice, Law and Human Rights for urgent …

SDNY Reverses Confirmation Order and Strikes Opt-Out Third-Party Releases in Gol Linhas Aéreas Bankruptcy Case

[co-author: Uchechi Egeonuigwe] On December 1, 2025, Judge Denise Cote of the U.S. District Court for the Southern District of New York reversed confirmation of Brazilian airline Gol Linhas Aéreas Inteligentes S.A.’s chapter 11 plan, striking the plan’s …

Mi Cocina parent in line to acquire Razzoo's Cajun Cafe out of bankruptcy

Razzoo's has 20 locations, mostly in Texas. | Photo: Shutterstock The parent of the Mi Cocina Mexican chain is in line to acquire Razzoo’s Cajun Cafe out of bankruptcy for nearly $19 million.  Dallas-based M Crowd, which owns the 25-unit Mi Cocina and …

Home improvement chain goes bankrupt as industry sales slow nationwide

North American Builders Supply, a supplier of building materials, millwork, hardware and related products, filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Northern District of Illinois on Wednesday. The company is filing …

Ocean City’s mayor files for personal bankruptcy but he plans to stay in office

Ocean City Mayor Jay A. Gillian has filed for personal bankruptcy. The “extraordinarily difficult decision” was made after a combination of business decisions he made, personal financial obligations, and outside circumstances led to “serious financial …

The CEO of the Most Valuable Company in the World Works 7 Days a Week in a 'State of Anxiety' Over Going Bankrupt: 'It's ...

Key Takeaways Nvidia CEO Jensen Huang, 62, recently said that he works seven days a week, in a “state of anxiety” that Nvidia could go out of business. Nvidia reported record revenue of $57 billion for its third quarter last month. By contrast, other tech …

Bankrupt Pakistan once again saved by Saudi Arabia, provided billions of dollars

Home Business Bankrupt Pakistan once again saved by Saudi Arabia, provided billions of dollars amidst economic crisis The SBP stated that Saudi Arabia's decision will help strengthen Pakistan's foreign exchange reserves and contribute to the …

Beloved 139-year old grocery store staple navigates bankruptcy, struggles to find a buyer

For 139 years, Del Monte has earned its place as a grocery staple. From peaches and pineapples to corn and peas, its bright yellow cans have lined supermarket shelves for more than a century. But despite that long run, the company is still struggling to …

Milwaukee nonprofit City on a Hill files for bankruptcy

City on a Hill has voluntarily filed for Chapter 11 bankruptcy as part of a restructuring plan to ensure long-term sustainability, the Milwaukee-based nonprofit announced Friday. This restructuring will not interrupt City on a Hill’s operations, and there …

Citing forage market turmoil, Anderson Hay seeks Chapter 11 bankruptcy

Citing forage market turmoil, Anderson Hay seeks Chapter 11 bankruptcy Published 10:52 am Friday, December 5, 2025 Overseas customers switch to cheaper grain, plus rising costs add to company’s woes Diminished overseas demand for U.S. livestock forage has …

US Businesses Are Going Bankrupt At An Absolutely Blistering Pace

Authored by Michael Snyder via TheMostImportantNews.com, Why is the number of business bankruptcies in the United States rising so rapidly?  It isn’t because the economy is doing well.  Every day there are more news stories about businesses that have …

Bankrupt 139-year-old canned food giant on the brink of collapse as brand begs for rescue

A BANKRUPT 139-year-old canned food company is under major financial strain and on the brink of collapse as it continues its desperate search for rescue. Del Monte Foods, one of the oldest food companies in the US, is still hoping for a buyer to save the …

Warren Demands Private Credit Stress Test After Big Bankruptcies

(Bloomberg) -- US Senator Elizabeth Warren is urging regulators to scrutinize the burgeoning private credit market, warning that implosions of Tricolor Holdings and First Brands Group are “likely the tip of the iceberg” in terms of bad debt held by Wall …

Local law firm files for Chapter 11 bankruptcy

Record bankruptcies hit mom-and-pop businesses as debts surge

Shilo Sanders’ bankruptcy scandal intensifies: NFL star accused of hiding $250K in NIL earnings as attorney slams flawed ...

Shilo Sanders faces $250K NIL transfer dispute amid bankruptcy case (Image via: Getty Images) Shilo Sanders, the NFL free agent and son of legendary coach Deion Sanders, is at the center of a growing financial and legal storm. The former Colorado safety, …

Former Maine resident sentenced to prison in federal tax evasion, bankruptcy fraud case

The case was investigated by IRS Criminal Investigation and the FBI. BANGOR, Maine — A former Hampden and Orrington resident now living in Florida was sentenced to two years in federal prison Wednesday for attempting to evade nearly $1 million in taxes and …

Florida Man Sentenced to 2 Years in Prison for Tax Evasion and Bankruptcy Fraud

BANGOR, Maine: A Florida man was sentenced yesterday in U.S. District Court in Bangor for attempting to evade federal taxes and engaging in fraudulent transfers and concealment in a bankruptcy proceeding.  U.S. District Judge Stacy D. Neumann sentenced  …

Those guilty of corruption should be declared bankrupt, says Azam Baki

PUTRAJAYA: Those who are found guilty of corruption should be declared bankrupt to stop them from enjoying stolen public funds, says Tan Sri Azam Baki. The Malaysian Anti-Corruption Commission (MACC) chief commissioner proposed such a firm approach as part …

Sega Sammy Sets the Stage in Tokyo for the Cybersecurity Woman of Japan Awards 2025

An inspiring celebration of excellence and a call to action for young women to join Japan’s cyber defense mission TOKYO, JAPAN, December 5, 2025 /⁨EINPresswire.com⁩/ -- Tokyo, Japan The United Cybersecurity Alliance (UCA) and SAYA University …

Notice to Former First Republic Customers With Investment Losses

KlaymanToskes Offers Free, Confidential Consultations to Discuss Potential Recovery Options for First Republic Investors NEW YORK, NY, UNITED STATES, December 5, 2025 /⁨EINPresswire.com⁩/ -- National investment loss and securities law firm …

David Wise Wins Award for Highest-Reported McLean County Verdict/Settlement in Pedestrian Case

Wise Law Offices Founding Partner David Wise Receives Trial Lawyer Excellence Award for Highest Reported McLean County Verdict/Settlement in a Pedestrian Case CHICAGO, IL, UNITED STATES, December 5, 2025 /⁨EINPresswire.com⁩/ -- Wise Law …

Global High-Net-Worth Buyers Turn to Barbados as a Tax-Efficient Luxury Real Estate Haven

Demand accelerates across Sandy Lane, Apes Hill, and Royal Westmoreland as UK, Canadian and US investors seek stability, lifestyle, & long-term asset security BARBADOS, December 5, 2025 /⁨EINPresswire.com⁩/ -- A new wave of High-Net-Worth buyers from …

Spartan Capital Customers: Atlas Funds Investors Have Potential Recovery Options

Atlas Funds Investors Should Seek Legal Counsel Following FINRA Complaint Against Spartan Capital Securities NEW YORK, NY, UNITED STATES, December 5, 2025 /⁨EINPresswire.com⁩/ -- National investment loss and securities law firm KlaymanToskes is …

Manslaughter Charges Filed in Fatal 'No Kings' Rally Shooting — Family of Afa Ah Loo Takes Major Step Toward Justice

Parker & McConkie welcomes the decision by Salt Lake County District Attorney Sim Gill to file manslaughter charges against Matthew Scott Alder. SALT LAKE CITY, UT, UNITED STATES, December 5, 2025 /⁨EINPresswire.com⁩/ -- The law firm of Parker …

EQUINOX STRATEGY PARTNERS NAMED NOMINEE FOR 'DISRUPTOR AWARDS' BY LOS ANGELES BUSINESS JOURNAL

LOS ANGELES, CA, UNITED STATES, December 5, 2025 /⁨EINPresswire.com⁩/ -- Equinox Strategy Partners (ESP) announced today that it has been selected as a nominee for the 2025 Los Angeles Business Journal Disruptors Awards. This nomination recognizes Equinox …

Programs.com Releases New Tracker on AI Deepfake Legislation Across U.S. States

NEW YORK, NY, UNITED STATES, December 5, 2025 /⁨EINPresswire.com⁩/ -- Programs.com, a leading resource on cybersecurity careers and education, has released a new data-driven tracker analyzing the spread of U.S. state laws targeting deepfake and AI- …

The Rise of AI in Injury Claims: Attorney Bianca R. Ennix on Outsmarting the Algorithms

OAKLAND, CA, UNITED STATES, December 5, 2025 /⁨EINPresswire.com⁩/ -- The legal world is changing fast, and personal injury law is no exception. What used to be a straightforward process of submitting medical bills to insurance companies has now …

Legal Insight and Adaptation Define Modern Divorce Representation in Maryland

Hecht & Associates, LLC offers expert divorce and family law representation in Maryland, combining experience, empathy, and legal precision since 2002. ROCKVILLE, MD, UNITED STATES, December 5, 2025 /⁨EINPresswire.com⁩/ -- Hecht & …

Barton Gilman Earns Top Rankings in 2026 'Best Law Firms' List

Recognized for the twelfth consecutive year, the firm continues to demonstrate its dedication to excellence, professionalism, and client service. PROVIDENCE, RI, UNITED STATES, December 5, 2025 /⁨EINPresswire.com⁩/ -- Barton Gilman LLP earned top …

Good Dad Act Committee Highlights Kentucky & Florida Paternity Laws & Reaffirms - 2024 Legislative Proposal to Kentucky

Florida leads the nationwide movement for fathers rights! LOUISVILLE , KY, UNITED STATES, December 5, 2025 /⁨EINPresswire.com⁩/ -- The Good Dad Act Committee, the national fatherhood-rights advocacy group founded by Dr. Bernard Wh. Jennings, has …

Prosperity for US Foundation Highlights Major Momentum at ALEC Conference

Standing-Room-Only Workshop Spurs Legislators to Pursue 2026 Ballot Amendments to Boost Affordability and Fiscal Accountability FORT WORTH, TX, UNITED STATES, December 5, 2025 /⁨EINPresswire.com⁩/ -- The Prosperity for US Foundation, a national …

Attorney Randie L. Semel Joins Lazar Schwartz & Jones

Enhances Firm’s Estate Planning Practice HOPEWELL JUNCTION , NY, UNITED STATES, December 5, 2025 /⁨EINPresswire.com⁩/ -- One of the Hudson Valley’s leading family and matrimonial law firms, Lazar Schwartz & Jones, LLP, announced that attorney …

JD Walker Immigration Attorneys: Guiding Miami Families Toward a Secure Future in the United States

MIAMI, FL, UNITED STATES, December 5, 2025 /⁨EINPresswire.com⁩/ -- In a city built on hope, diversity, and the pursuit of new beginnings, one Miami-based law firm is becoming a trusted anchor for families navigating America’s complex immigration …

Reclaim247 Helps Identify Every Eligible Agreement Across All Past Vehicles

UNITED KINGDOM, December 5, 2025 /⁨EINPresswire.com⁩/ -- Reclaim247 is helping UK drivers take a fresh look at every car finance agreement they have ever signed. Recognised as one of the best PCP claims companies in the country, the service makes …

Alejandro R. Hernandez, Esq. Strengthens Manhattan Private Client, Fiduciary Wealth & Family Office Advisory Services

Alejandro R. Hernandez, Esq. Strengthens Manhattan Private Client, Fiduciary Wealth & Family Office Advisory Services NEW YORK CITY, NY, UNITED STATES, December 4, 2025 /⁨EINPresswire.com⁩/ -- Attorney, fiduciary advisor, and private-client strategist …

FLEOA Testifies at Congressional Hearing on Anti-Law Enforcement Rhetoric and Violence Against Officers

Federal Law Enforcement Officers Association Testifies at Congressional Hearing on Anti-Law Enforcement Rhetoric and Violence Against Officers WASHINGTON, DC, UNITED STATES, December 4, 2025 /⁨EINPresswire.com⁩/ -- Yesterday, Federal Law …

Boutique Recruiting CEO Innesa Burrola Named Finalist for San Diego Business Journal’s Business Women of the Year Award

Burrola's bold energy, strong work ethic and commitment highlighted amongst female leaders whose influence stand out in San Diego’s business community. SAN DIEGO, CA, UNITED STATES, December 4, 2025 /⁨EINPresswire.com⁩/ -- Boutique Recruiting …

ITECS Achieves Sophos Gold Partner Status as Only DFW MSP with Dual Credentials

Dallas IT firm advances from Silver to Gold in six months, holds exclusive Managed Service Provider and Cloud Security Provider specializations in North Texas. DALLAS, TX, UNITED STATES, December 4, 2025 /⁨EINPresswire.com⁩/ -- ITECS Outsourcing, …