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A service for global professionals · Thursday, November 21, 2024 · 762,503,857 Articles · 3+ Million Readers
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Bankruptcy Newswire

  • Published on Nov 20, 2024

    Sir Bradley Wiggins bankruptcy report reveals he owes £1 million more than first thought

    Exclusive: Sir Bradley Wiggins' latest bankruptcy report reveals he owes £1 million more than first thought ( Image: Photo by Nordin Catic/Getty Images For The Cambridge Union) British Olympic legend Sir Bradley Wiggins owes £1m more than was first …

    Source: Daily Mirror - Left-wing
  • Published on Nov 20, 2024

    Major healthcare provider files for Chapter 11 bankruptcy

    HOUSTON (Reuters) – CareMax, which operates 56 medical centers in Florida, Texas, Tennessee and New York catering largely to older patients, filed for Chapter 11 bankruptcy in Texas on Sunday. The Miami-based firm listed debts of $693 million and assets of …

    Source: New York Post - Right-wing
  • Published on 02:56 GMT

    VAT change could push private schools into insolvency

    The autumn Budget confirmed that the Labour party’s manifesto commitment to apply VAT to private school fees will be implemented from January – making it a reality for the sector that had hoped its lobbying efforts might have resulted in a different course …

    Source: Insider.co.uk - Label Pending
  • Published on 03:59 GMT

    Two new insolvency petitions filed against India's SpiceJet

    SpiceJet (SG, Delhi International) faces two fresh insolvency petitions in India's specialist bankruptcy court, the National Company Law Tribunal (NCLT). Irish lessor Sabarmati Aviation claims the low-cost carrier owes it USD5 million while JetAir 17, …

    Source: Ch-Aviation - Neutral
  • Published on 03:00 GMT

    Pharmaceutical bankruptcy to affect local opioid funding

    A national settlement of $26 billion was reached in 2021 to resolve all litigation which was filed by states and local municipalities against three pharmaceutical distributors and manufacturers. According to the Michigan Association of Counties, included …

    Source: Shoreline Media - Michigan - Label Pending
  • Published on Nov 20, 2024

    Monitoring panel to be mandatory for insolvency resolution plans

    To strengthen the regulatory framework governing ‘monitoring committees’ under the Insolvency and Bankruptcy Code (IBC), the Insolvency and Bankruptcy Board of India (IBBI) has proposed to make their constitution “mandatory” for implementation of all …

    Source: Financial Express - Neutral
  • Published on Nov 20, 2024

    Davies Insolvency Now, Issue 11 - 2019 – 2024 Data Trends

    In this issue of Insolvency Now, we report on the data trends we are seeing so far in 2024 compared with when we first started tracking data in 2019. Key Takeaways: •Overall, we are seeing a marked increase in filings, but we are not yet seeing the level …

    Source: JD Supra - Label Pending
  • Published on 00:06 GMT

    Corporate bankruptcies hit all-time high

    The number of companies filing for bankruptcy in the first 10 months of this year has already surpassed the highest number ever recorded on an annual basis. The number of corporate bankruptcies (court cases) processed by courts nationwide from January to …

    Source: Donga Ilbo - Center-right
  • Published on Nov 20, 2024

    Big Lots continues some store closures as its bankruptcy proceeds

    Big Lots is continuing to close stores across the U.S. as it navigates Chapter 11 bankruptcy. In a court filing in Delaware this week, the chain shared plans to close 19 additional stores in Texas, Florida, Georgia, Indiana, California, Arizona, Oregon, …

    Source: WFTS Tampa Bay - Florida - Neutral
  • Published on Nov 20, 2024

    Big Lots continues some store closures as its bankruptcy proceeds

    Big Lots is continuing to close stores across the U.S. as it navigates Chapter 11 bankruptcy. In a court filing in Delaware this week, the chain shared plans to close 19 additional stores in Texas, Florida, Georgia, Indiana, California, Arizona, Oregon, …

    Source: WTXL Tallahassee - Florida - Label Pending
  • Published on Nov 20, 2024

    Judge Warns of Pitfalls in American Tire’s Bankruptcy Plan

    [Stay on top of transportation news: Get TTNews in your inbox.] A fight between lenders of American Tire Distributors Inc. over bankruptcy financing is threatening to derail the company’s path to emerge from Chapter 11. The current debtor-in-possession …

    Source: Transport Topics - Neutral
  • Published on Nov 20, 2024

    How Spirit Airlines bankruptcy will impact flights at PNS

    Thanksgiving travel is expected to be record-breaking this year. AAA reported earlier this week that just under 80 million people were expected to travel over the holiday, with 4.5 million Floridians expected to do the same. The uptick isn't enough to …

    Source: Pensacola News Journal - Florida - Neutral
  • Published on 01:46 GMT

    Grimes says she was 'going bankrupt' during custody battle with Elon Musk

    Grimes shared new details about her custody dispute with her former partner, Elon Musk. Grimes wrote on X that she "spent a year locked in battle in a state with terrible mothers rights." Grimes said she was "going bankrupt" during the …

    Source: Business Insider - Neutral
  • Published on 02:50 GMT

    ‘Wheel of Fortune’ Player Has Shady Reaction to Opponent’s Big Bankruptcy Blunder

    Wheel of Fortune fans were left puzzled after a player blew a trip to Saint Lucia and arguably the game by repeatedly spinning for more letters on a near-finished prize puzzle instead of solving it, leading to a bankrupt. Adding insult to injury, the …

    Source: TV Insider - Neutral
  • Published on 02:12 GMT

    These 10 Car-Themed Monopoly Games Make Bankrupting Your Family a Joyous Occasion

    Affiliate Disclosure: As an Amazon Associate, Automoblog earns from qualifying purchases. Commissions from Amazon come at no additional cost to you when making a purchase through the links below. See our Privacy Policy to learn more. The Joy of Car-Themed …

    Source: Automoblog - Label Pending
  • Published on Nov 20, 2024

    Nursing home owner files for Chapter 11 bankruptcy

    A company that owns eight nursing and rehabilitation centers in Pennsylvania — including locations in Milton and Watsontown — has filed for bankruptcy in federal court Federal court documents filed this week show that Care Pavilion LLC, based out of …

    Source: The Daily Item - Pennsylvania - Label Pending
  • Published on 00:18 GMT

    What Spirit Airlines Could Look Like Post-Bankruptcy

    Skift Take The beleaguered ultra-low-cost carrier filed for bankruptcy this week. Here is what executives are proposing for the airline post-bankruptcy. Meghna Maharishi Before Spirit Airlines filed for Chapter 11 bankruptcy on Monday, it was already …

    Source: Skift - Neutral
  • Published on Nov 20, 2024

    Struggling hospitality industry faces fresh blow as bankruptcies soar

    Hospitality businesses such as pubs have been hammered by rising costs ( Image: In Pictures via Getty Images) The struggling hospitality industry has faced another blow, after new figures have shown bankruptcies were up 5% in the year to September 2024. …

    Source: Daily Mirror - Left-wing
  • Published on Nov 20, 2024

    CareMax Inc. Files for Chapter 11 Bankruptcy, Plans Asset Sale

    CareMax Inc., a significant provider of medical services through its clinical care centers, has filed for Chapter 11 bankruptcy protection in a Texas bankruptcy court. The company, listed on the Nasdaq under the ticker symbol CMAX, cited $422.6 million in …

    Source: Times News Global - Pro-Government

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