Retail Bankruptcies

The Container Store has filed for bankruptcy, joining several other major retail chains. The company aims to bolster its financial position, fuel growth initiatives, and drive enhanced long-term profitability through the Chapter 11 bankruptcy process. Other retailers like Party City, Big Lots, True Value, and Rite Aid have also faced similar situations recently.

Spirit Airlines CEO Retention Bonus and Bankruptcy Filing

Spirit Airlines CEO received a $3.8 million retention bonus before the airline declared bankruptcy. Despite the bankruptcy filing, the company assured that operations, wages, and benefits would not be affected.

Bankruptcy of Blink Fitness and Other Businesses

Blink Fitness, an affordable gym chain, filed for Chapter 11 bankruptcy to facilitate a sale of the business. The company has received $21 million in new financing to support ongoing operations. Other businesses like Red Lobster and Rite Aid have also faced bankruptcy issues.

Rudy Giuliani's Bankruptcy Case

Rudy Giuliani's bankruptcy case is reaching a critical point with three competing proposals from Giuliani and his creditors. The judge will decide whether to convert the bankruptcy to Chapter 7, appoint a Chapter 11 trustee, or dismiss the bankruptcy entirely.

Fisker Electric Vehicle Bankruptcy

Electric vehicle startup Fisker, founded by Henrik Fisker, has filed for bankruptcy protection for the second time after struggling to achieve commercial success. The company is in advanced discussions to sell its assets.

Donald Trump's Response to Civil Fraud Case in New York

Donald Trump may be considering doing nothing in response to a civil fraud case against him in New York, as he struggles to raise a $454 million bond. Options include a Chapter 11 filing or letting the deadline pass, risking seizure of his assets by the New York Attorney General. Trump believes he could recover the assets on appeal, but doing nothing poses its own risks.