Supreme Court Decision on Purdue Pharma Bankruptcy

The Supreme Court struck down a controversial Purdue Pharma bankruptcy plan affecting compensation to thousands of opioid victims and sending legal shockwaves through the U.S. bankruptcy system.

Far-right news outlet Gateway Pundit's bankruptcy filing

Gateway Pundit, a far-right news outlet, filed for bankruptcy as a tactic to delay defamation lawsuits. Creditors are seeking to dismiss the bankruptcy case, questioning the company's finances. Founder Jim Hoft defended the filing as a reorganization tool. The company faces scrutiny for questionable loans to Hoft and possible misuse of bankruptcy laws.

Antonio Pierce's Wife Files for Bankruptcy

Antonio Pierce's wife files for bankruptcy after debts of over $28 million from failed investments in car dealerships. Creditors sought to collect judgments from the couple.

Legal Battle Over Alex Jones' Infowars Show

Conspiracy theorist Alex Jones is facing a dispute among Sandy Hook families over the future of his Infowars show following defamation lawsuits. Majority of families accuse Texas parents of trying to grab money, trustee seeks to maximize assets to pay families, and Jones vows to continue show despite legal challenges.

Bankruptcy of Alex Jones' Infowars Media Platform

A US bankruptcy court trustee plans to shut down conspiracy theorist Alex Jones' Infowars media platform to help pay the $1.5 billion lawsuit judgments he owes for calling the 2012 Sandy Hook Elementary School shooting a hoax. Jones may continue broadcasts on social media despite the shutdown.

Rite Aid store closures and bankruptcy

Rite Aid is closing 27 stores in Ohio and Michigan as part of bankruptcy proceedings due to competition and legal issues related to the opioid crisis. Other major retailers like Walmart and Target are also facing financial struggles.

Bankruptcy of Titan Solar and Struggles in the Solar Industry

Titan Solar, one of the largest residential solar installers in the U.S., abruptly shut its doors and filed for bankruptcy. The solar industry is struggling due to various reasons, including regulatory actions, high costs, and aggressive sales tactics.

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.

Alex Jones Ordered to Liquidate Assets for False Claims about Sandy Hook

Right-wing conspiracy theorist Alex Jones ordered to liquidate personal assets to pay $1.5 billion for false claims about Sandy Hook Elementary School shooting being a hoax. Future of Infowars media platform uncertain.

Alex Jones facing loss of Infowars platform due to bankruptcy

Radio host Alex Jones is facing the possibility of losing his Infowars media platform due to a federal bankruptcy judge ruling on liquidating his assets to pay the $1.5 billion he owes for false claims about the Sandy Hook Elementary School shooting.

Infowars founder Alex Jones facing bankruptcy and defamation verdicts

Infowars founder Alex Jones is facing a federal bankruptcy judge's decision to liquidate his personal assets, including his media company, to pay nearly $1.5 billion in damages to Sandy Hook families for spreading lies about the 2012 school shooting. Despite bankruptcy, Jones may still continue his conspiracy-laden broadcasts and face ongoing pursuit of his assets by the families.

Rudy Giuliani's Bankruptcy Case

Creditors in Rudy Giuliani's bankruptcy case are seeking a trustee to take control of his finances due to accusations of hiding assets, excessive spending, and failure to file required paperwork. Giuliani's creditors are frustrated and pushing for a third party to step in. Giuliani filed for Chapter 11 bankruptcy after a $148 million defamation verdict, freezing efforts to collect the sum. The creditors argue for the appointment of an independent trustee to manage Giuliani's assets and financial affairs.

Kevin Spacey's Financial Situation

Kevin Spacey broke down in tears during an interview with Piers Morgan, revealing he has no money, his home is in foreclosure, and he is facing bankruptcy. He is 'many millions' in debt due to mounting legal bills from fighting off sexual assault charges.

Challenges in the US Restaurant Industry

The US restaurant industry is facing challenges due to inflation, supply chain disruptions, and changing consumer behavior post-pandemic, leading to bankruptcies, layoffs, and store closures of popular brands.

Alex Jones seeks court permission to convert bankruptcy reorganization to liquidation

Conspiracy theorist Alex Jones is seeking court permission to convert his bankruptcy reorganization to a liquidation to pay $1.5 billion he owes Sandy Hook families. Jones faces challenges in resolving the cases, with a court hearing scheduled for June 14 to decide on the matter.

Alex Jones bankruptcy and legal judgments

Radio host Alex Jones is seeking to convert his bankruptcy into a Chapter 7 liquidation due to massive legal judgments related to his comments about the 2012 Sandy Hook Elementary School massacre.

Red Lobster's Financial Struggles and Potential Restaurant Closures

Red Lobster faces potential closure of over 100 additional restaurants due to expensive leases, following bankruptcy filing and closure of 93 locations. The company blames financial struggles on inflation, failed promotions like the $20 all-you-can-eat shrimp deal, and high rent costs.

Rudy Giuliani's Bankruptcy Troubles

Rudy Giuliani's bankruptcy creditors are seeking the appointment of a trustee due to his 'egregious spending habits' and 'false and misleading' filings. His financial troubles include tax liens, defamation judgments, lawsuits, and criminal indictments. Creditors accuse him of 'bankruptcy crimes' and mismanagement of assets. Even Giuliani's new 'Rudy Coffee' venture is under scrutiny for diverting income.

Red Lobster's Bankruptcy and Private Equity Involvement

Red Lobster's bankruptcy and closure of almost 100 locations was not solely due to endless shrimp promotions, but also because of asset-stripping by a private equity firm, leading to increased debt and rent costs. This practice has been seen in other retail chain failures and bankruptcies involving hospitals and nursing homes. The impact of such financial actions on businesses and employees can have significant ripple effects on the economy and communities.

Red Lobster Closures

Red Lobster has closed 100 locations in the US, with auctions for kitchen items and furniture. The closure comes after the company lost $11 million due to an all-you-can-eat shrimp promotion. ThaiUnion, a Thailand-based company, bought a stake in Red Lobster in 2020 but later announced its exit from the company in January 2024.

Rudy Giuliani Suspended from WABC Radio Show

Former NYC mayor Rudy Giuliani was suspended without pay from his radio show for ranting about the 'stolen' 2020 election, facing financial troubles due to legal battles and bankruptcy.

FTX Cryptocurrency Exchange Bankruptcy

FTX, the third-largest cryptocurrency exchange, has filed for bankruptcy protection in November 2022. The company plans to distribute between $14.5 billion and $16.3 billion to its creditors, with most creditors receiving a 9% interest rate. Customers and creditors claiming $50,000 or less will receive about 118% of their claim. The CEO and founder, Sam Bankman-Fried, resigned and was later sentenced to 25 years in prison for fraud. FTX's future is uncertain, with discussions of potentially reviving the exchange.

Boy Scouts of America changing name to Scouting America

Boy Scouts of America is changing its name to Scouting America for the first time in its 114-year history to boost inclusion and improve participation. The move follows the organization's acceptance of gay youth and girls in recent years while emerging from bankruptcy due to sexual abuse claims.

Rebranding of Boy Scouts of America to Scouting America

After a sex-abuse scandal and bankruptcy, the Boy Scouts of America are changing their name to Scouting America to reflect inclusivity. The rebranding aims to ensure all youth feel welcome and safe within the organization.

Cryptocurrency Exchange FTX Bankruptcy

After cryptocurrency exchange FTX filed for bankruptcy, distressed asset investors started buying up the company's debt in hopes of making big profits. FTX customers found themselves owning bankruptcy claims and could sell them to investors. The bankruptcy estate found valuable assets, leading creditors to potentially receive full repayment. Some customers, however, sold their claims at a loss.

Alex Jones purchasing land in Terlingua, Texas despite bankruptcy

Conspiracy theorist Alex Jones, despite declaring bankruptcy, has purchased land in Terlingua, Texas, for $20,000. The town is described as a 'last outpost for outcasts.' Jones was ordered to pay $1.5 billion to Sandy Hook families for promoting conspiracy theories about the massacre.

US Retailers Closing Stores in 2023

In 2023, US retailers closed almost 5,500 stores, with major brands like Bed Bath & Beyond, Walgreens, and Rite Aid leading the closures. The home and office sector was hit hardest, accounting for over 30% of closures. Several retailers went bankrupt and liquidated stores due to poor sales and escalating theft. Despite high closures, there were also many store openings in the same year.

Rudy Giuliani's Bankruptcy and Florida Condo

Rudy Giuliani declared bankruptcy after being ordered to pay $148 million for spreading lies about the 2020 election. A New York bankruptcy judge declined to rule on a motion that would've forced him to sell his Florida condo but expressed concern over his spending habits. Giuliani has spent over $160,000 on maintenance fees and taxes for the condo since the bankruptcy.

Rudy Giuliani's Bankruptcy and Property Dispute

Rudy Giuliani, who declared bankruptcy after being ordered to pay $148 million to two former Georgia election workers for spreading lies about the 2020 election, is allowed to remain in his Florida condo for now as a New York bankruptcy judge declined to rule on a motion to force him to sell the property.

Rudy Giuliani's Bankruptcy Case and Florida Condo

Rudy Giuliani opposes selling his Florida condo in bankruptcy case, citing the need for podcast recording space and income generation. Facing debts including a $148 million judgment for defaming Georgia election workers.

Decline of Vice Media

Vice, a once-prominent media company, is facing decline with layoffs and financial struggles after its cofounder Shane Smith's disappearance. The company's future seems uncertain as it navigates through bankruptcy.

Rudy Giuliani's Financial and Legal Troubles

Rudy Giuliani is facing bankruptcy and feeling trapped in a nightmare as he struggles with debts and legal issues. He was overheard expressing disbelief at his situation during an event at Mar-a-Lago.

Donald Trump's Legal Crises in New York

Donald Trump faces legal crises in New York with the possible seizure of his properties over a massive fine and fights to delay a criminal trial. He could face humiliation, financial harm, and bankruptcy if unable to secure a bond.

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.

Joann craft store filing for bankruptcy

Joann, the craft store chain, has filed for bankruptcy but will remain open as it restructures its finances. The company expects to receive new financing and reduce its debt without disrupting services to customers, vendors, and landlords.

Rudy Giuliani's Financial Troubles

Rudy Giuliani is facing pressure from creditors to sell his $3.5 million Florida condo to pay off significant debts as part of his bankruptcy filing. His primary income comes from Social Security and his IRA, but he spends tens of thousands of dollars each month to maintain his lifestyle, including costly expenses on his Florida condo and credit card payments for various services. Creditors are targeting his real estate assets to recoup what is owed.

Sri Lanka's Economic Crisis and Debt Restructuring

Sri Lanka's president seeks loan repayment moratorium until 2028 to emerge from bankruptcy amidst severe economic crisis. Fox News contributor discusses impact of green activists in Sri Lanka crisis.

The Rise and Fall of Vice Media

Vice Media, once valued at $5.7 billion, went bankrupt and was saved by its founder, Shane Smith, who convinced Fortress Investment Group to buy the company for $350 million. The company struggled due to a highly leveraged capital structure and over-reliance on advertising revenue. Despite being a pioneer in digital media, Vice faced financial challenges and laid off over 100 journalists.

Vice Media Layoffs and Financial Challenges

Vice Media announced layoffs of hundreds of employees as it faces a sale. The company is in discussions to sell Refinery 29. Vice had previously announced a plan to file for bankruptcy. The company has faced financial challenges and allegations of sexual harassment.