Tag: Bankruptcy
Redbox Owner, Chicken Soup for the Soul Entertainment, Declares Bankruptcy
Chicken Soup for the Soul Entertainment, the parent company of DVD rental operator Redbox, has filed for Chapter 11 bankruptcy protection, as reported on Friday,[more...]
FTX to Repay Creditors: 98% Expected to Receive over 100% of Allowed Claims
A proposed reorganization plan by FTX Trading Ltd. aims to compensate creditors in full after its collapse in November 2022. The company has filed documents[more...]
Terraform Labs Files for Bankruptcy: What Led to the Collapse of Stablecoin TerraUSD
Terraform Labs, the company behind the failed stablecoin TerraUSD, has filed for bankruptcy, facing lawsuits from regulatory bodies. The Singapore-based crypto firm filed for Chapter[more...]
Radio Giant Audacy Files for Chapter 11 Bankruptcy Protection
The Philadelphia-based company Audacy, well-known for its ownership of a multitude of radio stations, has made headlines after it announced its decision to file for[more...]
Smile Direct Club Shuts Down, Leaving Customers in Limbo
The US-based dentistry company Smile Direct Club, which gained attention for its direct-to-consumer clear aligners, has announced the cessation of its operations after filing for[more...]
Birmingham City Council Declares Bankruptcy: Ensuring Vital Services Remain Unaffected
In a startling declaration of financial distress, Birmingham City Council, Europe's largest local authority, announced on September 5, 2023, that it is effectively declaring bankruptcy.[more...]
