Browsing: Bankruptcy
Bankrupt crypto lender Genesis gets OK to return billions in tokens and cash to creditors, meaning parent firm DCG ‘is out of the money’
Bankrupt crypto lender Genesis Global Capital won court approval of its plan to distribute billions of dollars in digital assets…
British used car startup Cazoo was once worth $7 billion. It’s since lost nearly 100% of its value and is flirting with bankruptcy—what went wrong?
Cazoo’s growth was spectacular, even for a tech platform. The British used car startup achieved unicorn status only months after…
Swedish companies are going bust at a ‘remarkable’ rate, with bankruptcies up 72% since last year
Bankruptcies in Sweden extended their streak of annual increases to 21 months in April, according to data from Creditsafe, which…
MedMen’s spectacular collapse is complete: Just five years after earning a whopping $3 billion valuation, the one-time legal cannabis darling has declared bankruptcy
Six years after an IPO that saw its valuation peak at over $3 billion, cannabis retailer MedMen is worth next…
Tupperware, the ubiquitous food storage company (and one-time meme stock), has warned investors it could be out of business within…
Hedge funds that scooped up FTX bankruptcy claims are looking at 9-figure paydays. One investor shares how he could rake in $25 million
When rumors began swirling online that FTX was in trouble, one of the crypto exchange’s customers, Louis d’Oringy, took no…
Millennial activewear brand Outdoor Voices is on the verge of bankruptcy after abruptly closing all its stores: ‘Our chairwoman was posting cat memes the day we were told’
Outdoor Voices was a direct-to-consumer darling once valued at $110 million—but the activewear brand has had a long fall from…
The world’s largest global industrial supplier of wood pellets just filed for bankruptcy with debts over $2.6 billion
The largest global industrial wood pellet supplier filed for Chapter 11 bankruptcy protection on Wednesday, announcing its intention to cut…
FTX will have an independent examiner in its bankruptcy case as federal appeals court orders one amid concerns about widespread fraud
A federal appeals court has ordered the appointment of an independent examiner in the bankruptcy case of FTX amid concerns…
‘There’s no pot of gold at the end of the rainbow’: Rudy Giuliani’s attorney claims he’s too broke to pay $148 million court judgment
A group of people and businesses who say they are owed money by Rudy Giuliani gathered virtually Friday for the…