Bankruptcy

An Unpaid $1,250 Student Loan Can Become Thousands More And Land You In Federal Court

Federal student loan debt can't be written off in bankruptcy; long-term, unpaid debt is relentlessly tracked down.        

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Marketing Cloud Startup Zeta Global Is Acquiring The Assets Of Bankrupt Ad-tech Firm Sizmek To Help...

Marketing tech firm Zeta Global plans to acquire ad-tech firm Sizmek for a reported $40 million. Sizmek is a notable ad-tech company that struggled to stay profitable and recently filed for bankruptcy protection. Zeta Global CEO David Steinberg said...
Related topics: Marketing, Startup

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China's "jpmorgan" Hit By Sudden Debt Crisis As Cross-default Chain Reaction Triggered

Ever since Beijing allowed private Chinese companies (even certain state-owned enterprises) to officially fail for the first time in 2016, and file for bankruptcy to restructure their unsustainable debt loads, it's been a one-way street of corporate...
Related topics: China, J.P. Morgan Chase & Co., Beijing

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Sears Sues Lampert And Esl, Claiming Theft Of Billions Of Dollars

Sears Holding Corp. is suing Eddie Lampert and his ESL Investments hedge fund, claiming they "stripped Sears of billions of dollars of assets." In the lawsuit, filed in U.S. Bankruptcy Court in the Southern District of New York, Sears officials...
Related topics: Hedge Funds, Lawsuits

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Nova Scotia Judge Briefly Extends Creditor Protection For Quadriga Exchange

HALIFAX — A Nova Scotia judge has temporarily extended QuadrigaCX’s reprieve from its creditors, as the cryptocurrency exchange continues its transition into bankruptcy. The Vancouver-based exchange officially entered bankruptcy proceedings...
Related topics: Vancouver

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Aaf Creditors Fill 1,117 Pages Of Bankruptcy Filing

The AAF bankruptcy filing is nearly as big as the Vikings’ new playbook. Via Daniel Kaplan of SportsBusiness Journal, the now-defunct football league’s bankruptcy filing has a list of creditors that covers 1,117 pages. The AAF owes MGM...

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Argument Preview: Justices To Consider Sanctions For Violating Bankruptcy Discharge

Taggart v. Lorenzen, which will be argued on April 24, the last day of oral arguments for October Term 2018, presents a straightforward legal question for the justices. Specifically, when a debtor has received a discharge in bankruptcy, does a...

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Fyre Festival’s Trustee Hopes Netflix And Hulu Can Pay Some Of Its Debts

Just when you thought you were done discussing Fyre Festival, bankruptcy court filings reveal that the festival’s estate—which is liable for its outstanding debts—is still looking to get paid. Trustee Gregory Messer submitted subpoena...
Related topics: Festival, Netflix (NFLX), Hulu, Subpoenas

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Aaf Files For Bankruptcy, Officially Closes Down

Two weeks after it ceased operations, the Alliance of American Football has officially shuttered and filed for bankruptcy.        

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Consumer Bankruptcy Reform ... And American Xenophobia?

I hope I'm not stepping on Bob's toes in announcing the public release of the long-awaited report of the ABI Commission on Consumer Bankruptcy. The Commission, with Credit Slips' own inimitable Bob Lawless as its reporter, was formed...

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Many People Are Too Broke For Bankruptcy. A New Report Suggests Some Fixes.

by Paul Kiel It’s tax season. That also means it’s bankruptcy season. Every year, bankruptcy filings peak in March and stay elevated in April, as people use their precious tax refunds to...
Related topics: Taxes

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How To Ring-fence India From A Global Financial Crisis: Lessons From 2008

The collapse of Lehman Brothers on Sept. 15, 2008 marked the beginning of the worst phase of the global crisis. But within hours of Lehman Brothers filing for bankruptcy, the Indian authorities had swung into crisis management. … The two key...
Related topics: India, Lehman Brothers

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Former 'ebony' Publisher Declares Bankruptcy, And An Era Ends

For millions of African-Americans who did not otherwise see themselves in the mainstream media, Ebony was more than a magazine. It was a public trust. This week marks its final chapter.(Image credit: Bettmann/Getty Images)
Related topics: African-American

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Here's Why Pg&e Shares Jumped 19.2% On Friday

Shares of PG&E (NYSE: PCG) soared 19.2% on Friday after California Governor Gavin Newsom reportedly proposed giving utilities more protection from liabilities in the event of future wildfires.PG&E was forced to seek bankruptcy...
Related topics: US Equity Markets

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Turmoil Again At Mattress Firm? Ceo Suddenly Exits Six Months After Bankruptcy

Two mattress CEOs, including the CEO who led Mattress Firm through bankruptcy, are suddenly jobless in another shakeup for an industry in upheaval.        
Related topics: Unemployment

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Michael Avenatti Charged With Embezzlement, Bank And Tax Fraud

LOS ANGELES — Attorney Michael Avenatti has been charged in a 36-count federal indictment alleging he stole millions of dollars from clients, did not pay his taxes, committed bank fraud and lied in bankruptcy proceedings. Avenatti, 48, was...
Related topics: Banking, Taxes

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Dow Jones: Reporter, Wsj Pro Bankruptcy

competitive: Dow Jones: Job Description: The Wall Street Journal is seeking a reporter to cover bankruptcy news and distressed debt for WSJ Pro Bankruptcy and th NEW YORK, New York

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Illinois Medicaid To Cover Surgically Mutilating The Sexually Insane

Great news from Illinois. Many thought the state was on the verge of bankruptcy due to extravagant public sector pensions and to the entire state being under the thumb of the corrupt and irresponsible leftists in Chicago. But it turns out Illinois...
Related topics: Medicaid

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Abby Lee Miller Shares Her Advice For Stars Facing Prison Time: 'be Respectful'

"Keep a very low profile. Be kind to people. Tell your story but listen," advised the "Dance Moms" star, who served time in federal prison for bankruptcy fraud.        

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Johnson Publishing Company Files For Chapter 7 Bankruptcy Protection

The Chicago publishing giant that launched Ebony and Jet magazines, and made them a touchstone in African-American life, is closing its doors. It plans a court- supervised sale of its assets.
Related topics: African-American

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