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A service for global professionals · Thursday, April 24, 2025 · 806,389,548 Articles · 3+ Million Readers
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Bankruptcy Process News Monitoring

  • Published on 19:27 GMT

    Shaquille O’Neal settles lawsuit over FTX endorsements amid ongoing bankruptcy drama

    NBA Champion Shaquille O’Neal has reached a confidential settlement with a group of investors who sued him over his role in promoting the now-defunct crypto exchange FTX. A court filing submitted on April 23 revealed that both parties have reached a …

    Source: CryptoSlate - Neutral
  • Published on 20:17 GMT

    Ascend files for Chapter 11 bankruptcy protection

    The nylon 6/6 maker says the Chapter 11 bankruptcy process will enable it to deleverage its balance sheet while it restructures. Houston-based Nylon 6/6 maker Ascend Performance Materials has filed for bankruptcy protection at the U.S. Bankruptcy …

    Source: Canadian Plastics - Pending
  • Published on 17:17 GMT

    Organization Battles Steward Over Funding Agreement

    WARREN, Ohio – Western Reserve Health Education Inc., which provided medical intern and resident training at the former Trumbull Regional Medical Center, is seeking to block bankrupt Steward Health Care System from obtaining documents and is seeking funds …

    Source: Business Journal - Ohio - Neutral
  • Published on 13:41 GMT

    Opinion | No place to hide: protecting ourselves against online data

    Imagine if every click we made, every step we took and even every heartbeat was silently sold to the highest bidder. It sounds like the plot of a George Orwell novel, but it is very much a reality that we have normalized. The data on our Instagram, our …

    Source: The Daily Illini - Illinois - Neutral
  • Published on 07:20 GMT

    Philippine Airlines enters next chapter with new president

    MANILA, Philippines — Philippine Airlines (PAL) has welcomed its first foreign president as the flag carrier seeks to add to its storied past while “growing [its] business internationally” to feed travel momentum. In a statement on Wednesday, the airline …

    Source: Inquirer - Neutral
  • Published on 06:07 GMT

    Crozer’s imminent closure: 8 things for ASCs to know

    Upland, Pa.-based Crozer Health announced the closure of Crozer-Chester Medical Center and Taylor Hospital in Delaware County, Pa. Employees were alerted to the shutdowns via an April 21 email from parent company Prospect Medical Holdings.  The shutterings …

    Source: Becker's ASC Review - Neutral
  • Published on 01:54 GMT

    What Happens To Employees When a Company Files for Bankruptcy?

    The employees of a company that files for bankruptcy are creditors of the company for any amount owed but not paid to them prior to the date of the filing. But they are so much more. After all, if all the employees resigned on the same day, there probably …

    Source: National Law Review - Neutral
  • Published on Apr 23, 2025

    Pa. hospitals begin closing amid bankruptcy proceedings

    By Alex Rose Daily Times CHESTER, Pa. — Crozer-Chester Medical Center and Taylor Hospital will reportedly begin closing from the emergency departments on up as early as 8 a.m. Wednesday. This does not appear to be another in a series of “unless we get more …

    Source: EMS1 - Texas - Pending
  • Published on Apr 23, 2025

    Retail group in bankruptcy crisis ditches strongest brand to stay afloat

    By ALICE WRIGHT FOR DAILYMAIL.COM Published: 13:09 EDT, 23 April 2025 | Updated: 13:09 EDT, 23 April 2025 A major retail group will sell its strongest brand as it struggles through the bankruptcy process.  The Franchise Group, which owns businesses such as …

    Source: Daily Mail - Right-wing
  • Published on Apr 23, 2025

    World-famous happy hour spot now has only 85 locations left across the country after declaring bankruptcy

    FOLLOWING its bankruptcy filing last fall, a beloved happy hour spot with locations across over 40 countries has just a handful remaining. Only 85 TGI Fridays are left in the US following a wave of struggles for the fast casual chain and a sharp decline in …

    Source: The U.S. Sun - Right-wing
  • Published on Apr 23, 2025

    Popular Retailer In Massachusetts Facing 2nd Bankruptcy

    More bad news for a struggling retailer that will probably lead to more store closings, Massachusetts friends and neighbors. I know, I know. The song remains the same, as they say, but I know it's frustrating for a lot of people. I'm sure that many …

    Source: Live 95.9 - Massachusetts - Pending
  • Published on Apr 23, 2025

    TGI Friday’s CEO on how he will rescue the restaurant chain

    0:04 spk_0 Welcome to a new episode of Opening bid. I'm Yahoo Finance executive editor Brian Zazi. Like I always say, this is the podcast that will make you a smarter investor, period. Let's throw a minute on that shot clock here. Gotta start with …

    Source: Yahoo Finance - Pending
  • Published on Apr 23, 2025

    ‘Betrayed,’ ‘shattered’: Survivors share stories of abuse by priests in Syracuse court

    Syracuse, N.Y. — One man recalled being abused by a priest in a private room when he was 10 years old. A woman said she has flashbacks of a priest performing oral sex on her. A man said a priest had sexual encounters with him several times a week, …

    Source: Syracuse.com - New York - Center-left
  • Published on Apr 22, 2025

    Rite Aid braces for second bankruptcy filing less than a year after 800 closures

    RITE Aid is preparing for a second bankruptcy filing amid continued financial woes. The drugstore chain filed for the first time in October 2023 and has closed around 800 stores since. 2 Rite Aid is reportedly preparing for a second bankruptcy filing ( …

    Source: The U.S. Sun - Right-wing
  • Published on Apr 22, 2025

    US and world news for April 22

    Traders work on the floor of the New York Stock Exchange. Spencer Platt/Getty Images via CNN Newsource Wall Street to Trump: US not safe for investments (CNN) — Stocks are on the rebound Tuesday, bouncing back from another miserable day on Wall Street. …

    Source: Fairfield County Business Journal - Connecticut - Neutral
  • Published on Apr 22, 2025

    The Container Store lays off 2% of workforce, pauses capital projects

    Dive Brief: The Container Store this week cut 2% of its workforce, affecting fewer than 70 people, mostly in corporate positions. Roles include tech positions and some store operations, an effort to streamline the reporting structure, a company …

    Source: Retail Dive - Neutral
  • Published on Apr 22, 2025

    TGI Fridays has just 85 restaurants left in the US

    New York CNN  —  TGI Fridays, the bankrupt casual dining chain, has only 85 restaurants left in the United States, according to its website. It’s a sharp decline of the once-iconic restaurant, which had about 270 US locations at the beginning of last year …

    Source: CNN - Neutral
  • Published on Apr 22, 2025

    Democratic US Rep. Haley Stevens jumps into US Senate race

    U.S. Rep. Haley Stevens, a Democrat from Michigan, announced her candidacy for the U.S. Senate seat being vacated by Sen. Gary Peters. Stevens has a background in manufacturing and played a key role in the 2009 auto rescue. Stevens emphasizes her Michigan …

    Source: Lansing State Journal - Michigan - Neutral
  • Published on Apr 22, 2025

    Bankruptcy claims against Nordica rise sharply to €85 million

    The volume of claims against bankrupt Estonian state-owned airline Nordica has risen sharply since bankruptcy was declared last fall, reaching €85 million. Most of Nordica's assets consist of a claim against its subsidiary, Regional Jet. When the Harju …

    Source: ERR - Public Broadcaster

04 days 05:49:26

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