bankruptcy

Red Lobster Abruptly Closes Many Locations

Red Lobster Goes Bankrupt After $20 Unlimited Shrimp Offer Backfires

Red Lobster has filed for Chapter 11 bankruptcy protection, citing high operational costs and an unprofitable unlimited shrimp promotion. It plans to transfer control to its lenders with $100 million in financing from Fortress Investment Group.

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Bankrupt Crypto Lender Genesis Global to Return $3 Billion to Customers

Bankrupt Crypto Lender Genesis Global to Return $3 Billion to Customers

Genesis Global, a bankrupt crypto lending firm, has been allowed by a court to return approximately $3 billion in cash and cryptocurrency to its customers.

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Air Vanuatu Files for Bankruptcy Protection After Canceling All International Flights, Leaving Thousands of Tourists Stranded

Air Vanuatu Files for Bankruptcy Protection After Canceling All International Flights, Leaving Thousands of Tourists Stranded

Air Vanuatu has filed for bankruptcy protection after it canceled all its international flights, which left thousands of passengers stranded.

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FTX

FTX Bankruptcy: Refunds Expected for Most Customers, Excludes Crypto Gains

The plan, pending court approval, details that almost all customers will be reimbursed the funds they are owed, with some receiving amounts exceeding their original claims.

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SHARON LAWRENCE AT COPS & LOBSTERS BENEFIT

Former Seafood Giant Red Lobster Nears Bankruptcy Due To Declining Sales and Mismanagement

Red Lobster, which used to be a seafood giant, is on the brink of bankruptcy due to managerial missteps that started in 2003 with no recovery decades later.

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Joann Fabrics Files for Chapter 11 Bankruptcy, Pledges to Keep Stores Open Amid Financial Turmoil

Joann Fabrics, a stalwart in the industry for 80 years, faces bankruptcy due to overwhelming debt. However, with new financing, it aims for a swift restructuring to maintain operations.

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Fisker’s Stock Plunges Over 40% After EV Maker Reportedly Explores Bankruptcy

Fisker's stock fell over 40% in after-hours trading on Wednesday, raising investor concerns about the EV company's future.

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2 Sundance Film Festival Theaters in Utah Are at Risk of Closure After Their Owner Declared Bankruptcy

The future of two prominent venues of the Sundance Film Festival in Utah hangs in the balance as their owner, Metropolitan Theaters Corporation, filed for Chapter 11 bankruptcy.

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Regions Center Owners Declares Chapter 11 Bankruptcy

Regions Center Owners File for Chapter 11 Bankruptcy

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Nick Denton Living the Life Despite of Bankruptcy

Nick Denton is still living a lavish life and wont stop him by doing so even though he filed for bankruptcy because of wrestler Hulk Hogan.

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Peabody Officially Files for Bankruptcy Protection

Peabody just filed for bankruptcy protection on Wednesday after it announced its situation the previous weeks. Assets in Mexico and Colorado will no longer be sold as buyer was not able to complete the deal.

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TerraForm Sued Parent Company SunEdison for Diverting $231 Million Projects Money to Its Own Balance Sheet

SunEdison is facing another lawsuit, this time from its subsidiary TerraForm. TerraForm accused its parent company for misallocating cash for its projects in India to SunEdison’s own balance sheet.

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SunEdison to File Chapter 11, Probed By SEC

SunEdison is about to file bankruptcy protection to safeguard itself from creditors while trying to recover from its losses while it continues to operate. At the same time it is being investigated by the Securities and Exchange Commission over possible overstating.

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$2.6-bln buying binge puts SunEdison on brink of collapse

The aggressive buying binge of SunEdison Inc has resulted in a total debt of $12 billion. The US-based clean-energy company may seek bankruptcy protection.

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Colorado's Crumbling Coal Mine Industry Urge Residents to Reconsider Marijuana Business

Coal mines in Colorado are shutting down one by one. Most of the folks no longer have jobs and are now looking at the marijuana economic growth that could provide them income. Officials however, are worried about the peacefulness of the place and how the chaos if ever, could be handled by such few authorities.

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