Bankruptcy: Page 2

Business News

Celsius Ex-CEO Withdrew $10 Million Weeks Before Company Froze Customer Accounts

The crypto lender filed for bankruptcy in July — with a $1.2 billion hole in its balance sheet.

Business News

Federal Judge Signs Plan to Resolve Puerto Rico's Bankruptcy in a Record-Setting Move

The plan comes nearly five years after Puerto Rico filed for the largest municipal bankruptcy in U.S. history.

Business News

Sears Announces It's Shutting Last Store in Home State of Illinois

The store, located in Woodfield Mall, is scheduled to shut its doors on Nov. 14.

News and Trends

OYO Dragged To NCLT, Startup Appeals Against Proceeding

The Ahmedabad bench of the tribunal admitted the insolvency plea on March 30, 2021 filed by OYO's creditor Rakhesh Yadav contending that OHHPL has defaulted on an amount of INR 16 lakh

Growing a Business

Is Now the Time to Sell Your Business?

Heed these signals, says M&A advisor Michelle Seiler Tucker

Business News

Friendly's Parent Files for Bankruptcy, But Restaurants to Remain Open

Economic conditions force yet another familiar chain to reorder finances and sell its assets.

Business News

Mega-Mall Operator CBL the Latest to File for Bankruptcy

The retail nightmare of 2020 continues.

Business News

Richard Branson's Virgin Atlantic Is Seeking Chapter 15 Bankruptcy Protection in the U.S. While It Scrambles to Finalize a Rescue Plan

Richard Branson's Virgin Atlantic airline filed for Chapter 15 bankruptcy protection in New York on Tuesday.

Business News

The Most Notable Major Chains That Have Filed for Bankruptcy During the Pandemic

Some have been able to file for Chapter 11 and reorganize, while others have liquidated and closed stores for good.

Business News

The Rise and Fall of Chuck E. Cheese, Which Just Filed for Bankruptcy

The chain's parent company, CEC Entertainment, filed for Chapter 11 on Thursday, citing pandemic-related reasons.

Growing a Business

From Bankruptcy to $87 Million in Funding: How Tamara Mellon Saved Her Namesake Brand

The Jimmy Choo co-founder has faced plenty of hurdles as an entrepreneur. But now, she's clinging tight to her vision -- and finding new levels of success.

Growing a Business

How to Innovate in a Small Family Store to Avoid Bankruptcy

Three simple steps that will allow you to turn things around and start making money instead of draining them.

News and Trends

Jet Airways is all Set to Declare Bankruptcy after Finding No Buyer

The consortium of lenders has planned to take the aviation company to bankruptcy court after not finding a right investor or buyer for it in the last five months

Thought Leaders

9 Multimillionaires Who Lost It All but Came Back

You're never so rich you can't go broke and you're never so broke you can't get rich.

News and Trends

An Emotional Goodbye from Naresh Goyal

Naresh Goyal's exit from Jet Airways marks the end of an era