marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
Chapter 11
11/10/2023
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By Ramon Tomey
Co-working facility giant WeWork files for BANKRUPTCY
WeWork, a company specializing in shared office spaces, has filed for bankruptcy. CNBC reported that the company, whose headquarters is located in New York City, filed for Chapter 11 bankruptcy protection in a New Jersey federal court on Nov. 6. WeWork had entered into agreements with the vast majority of its secured note holders, and […]
08/03/2023
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By Belle Carter
Century-old trucking giant Yellow Corp ceases operations, leaving 30,000 employees jobless and America’s supply chain reeling
The trucking industry’s third-largest less-than-truckload (LTL) carrier Yellow Corp stopped operations on Sunday afternoon and Teamsters Union, which represents the company’s workforce, said it had been notified of a pending bankruptcy filing. “Today’s news is unfortunate but not surprising. Yellow has historically proven that it could not manage itself despite billions of dollars in worker […]
07/10/2023
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By Arsenio Toledo
BANKRUPTCY BOOM: U.S. saw 70 major bankruptcies in just 4 months, the third worst start of year since 2000
The United States had at least 70 major bankruptcies in the first four months of the year. This major bankruptcy rate is the third worst start to the year since 2000, surpassed only in 2009 during the height of the Great Recession and in 2020 during the upheaval caused by economic lockdowns. In 2009, from […]
04/27/2023
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By Ramon Tomey
Buybuy Baby set to close after parent company Bed Bath & Beyond files for Chapter 11 bankruptcy
Infant goods store Buybuy Baby announced that it will close for good following the bankruptcy filing of its parent company Bed Bath & Beyond (BBB). “Thank you to all of our loyal customers. We have made the difficult decision to begin winding down our operations. BBB & Buybuy Baby stores remain open to serve you,” […]
04/26/2023
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By Ramon Tomey
Woke firm Bed Bath & Beyond that dropped Mike Lindell’s MyPillow files for BANKRUPTCY
Bed Bath & Beyond (BBB), which went down the path of wokeism by dropping Mike Lindell’s MyPillow from its stores, has filed for bankruptcy. According to the Wall Street Journal (WSJ), the retailer filed for Chapter 11 bankruptcy in Newark, New Jersey on April 23. The company said it expects to eventually close all of […]
04/24/2023
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By Ethan Huff
Bed Bath & Beyond files for Chapter 11 “reorganization” bankruptcy following shady board moves and corporate virtue signaling
After a rocky road of questionable and possibly illegal moves by CEO Sue Gove and other corrupt members of the company’s board, retailer Bed Bath & Beyond has filed for Chapter 11 bankruptcy protection, a reorganization strategy that, unlike Chapter 7 bankruptcy, still allows a company to continue operating while it purportedly tries to fix […]
04/14/2023
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By Belle Carter
Driving on an empty tank: Florida trucking company files for bankruptcy as transportation demand plummets
Florida-based trucking company Makena Express filed for Chapter 11 bankruptcy protections as the impact of the Wuhan coronavirus (COVID-19) pandemic continues to wreck the state’s economy. Makena Trading Corp. of Pembroke Pines, Florida, doing business as Makena Express, filed its bankruptcy petition with the U.S. Bankruptcy Court of the Southern District of Florida on Monday, April […]
11/29/2022
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By Ethan Huff
FTX contagion spreads as BlockFi crypto firm files for Chapter 11 bankruptcy
First it was Celsius. Then it was Voyager, FTX, and Alameda. Now BlockFi is filing for bankruptcy as cryptocurrency scams continue to unravel one after another. Reports indicate that BlockFi filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of New Jersey almost immediately following the implosion of FTX. […]
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