bankruptcy
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Bidders Circle Collapsed Spirit Airlines Assets
Following the collapse of Spirit Airlines, multiple bidders are vying for the carrier’s remaining assets, including critical airport slots and aircraft, as bankruptcy proceedings move forward.
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On The Border Closes All Company-Owned Locations Nationwide
The casual dining chain On The Border has shut down all company-owned locations following a failed turnaround attempt by new owners, Pappas Restaurants.
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Fast-Food Fragility: Carl’s Jr. Franchisee Liquidation Signals Economic Shift in California
A major Carl’s Jr. franchisee, Sun Gir Inc., has announced the sale of 49 locations and the closure of 10 others following a bankruptcy filing that highlights the mounting pressures of California’s labor laws and operational costs.
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The Rising Tide of Bankruptcy: From Boutique Failures to Corporate Restructuring
A surge in bankruptcy filings across diverse sectors reveals a shift in economic stability, highlighting the risks of crowdfunding, data liabilities, and the strategic use of Chapter 11 for asset clearing.
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Bitcoin Faces Liquidity Squeeze and Structural Volatility as Market Sentiment Shifts
Bitcoin is navigating a complex landscape defined by a $150 billion liquidity drain, institutional outflows, and ongoing legal fallout from the Bitcoin Depot bankruptcy, even as proponents argue its long-term value as a hedge remains intact.
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Regulatory Crackdowns Force Bitcoin Depot to Shut Down
Once a leader in crypto ATMs, Bitcoin Depot’s bankruptcy underscores the industry’s struggles with compliance costs and fraud-related challenges.
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Global Insolvency Alarms: The UN’s August Deadline and the Fragility of Modern Financial Structures
The United Nations faces a catastrophic financial collapse by mid-August as arrears hit $2.8 billion, while private sector giants like Brightline and award-winning industries face their own liquidity battles.
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Lim Tean Faces Bankruptcy Order and $30,000 Professional Fine
Singaporean lawyer and politician Lim Tean has been named in a bankruptcy order and fined $30,000 by the Court of Three Judges following a disciplinary tribunal.
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Pizza Chains Face Wave of Closures Amid Market Shift
Gina Maria’s Pizza files for Chapter 7 bankruptcy as major chains like Papa Johns confirm hundreds of closures, signaling a contraction in the sector.
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FTX to Distribute $2.2 Billion in Fourth Creditor Payout
FTX Recovery Trust is set to distribute approximately $2.2 billion to creditors on March 31, 2026, marking the fourth round of payouts under its Chapter 11 reorganization plan.
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FTX’s $1.3 Billion Anthropic Stake Sale Now Worth $30 Billion
FTX sold its 8% stake in AI firm Anthropic for $1.3 billion in 2024. Today, that stake is valued at over $30 billion, highlighting a massive post-bankruptcy missed opportunity.
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Domino’s Franchisee Files for Bankruptcy Amid Rising Costs
A California-based Domino’s Pizza franchisee has filed for Chapter 11 bankruptcy, highlighting the growing financial strain on independent restaurant operators.
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Eddie Bauer Operator Files for Third Bankruptcy Amid Retail Headwinds
Catalyst Brands, the operator of Eddie Bauer’s U.S. and Canadian stores, has filed for Chapter 11 bankruptcy for the third time in two decades, citing declining sales and retail pressures.
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First Brands Founder Indicted on US Fraud Charges
The founder of First Brands has been indicted on US federal fraud charges, marking a significant escalation from the company’s previous bankruptcy proceedings to potential criminal exposure.
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Stoli Vodka’s US Division, Kentucky Owl Whiskey Enter Chapter 7 Liquidation Amidst Geopolitical & Cyber Challenges
Stoli Group’s US division and Kentucky Owl American whiskey have shifted to Chapter 7 liquidation, concluding a prolonged effort to restructure. The move comes after geopolitical shocks, a cyberattack, and a downturn in the US spirits market hampered the company’s…