Tag: bankruptcy
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Court Upholds Validity Of Key Provisions Of Insolvency And Bankruptcy Code
[ad_1] Impugned IBC provisions do not “suffer from any manifest arbitrariness to violate Article 14, Court said. New Delhi: The Supreme Court on Thursday upheld certain key provisions of the Insolvency and Bankruptcy Code (IBC) which were challenged on grounds of being violative of fundamental rights like the right to equality of those against whom…
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WeWork files for bankruptcy after failing to recover from Covid-19 losses
[ad_1] For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails WeWork has filed for bankruptcy in the US after years of struggle and failure to recover from the Covid-19 pandemic-induced losses. The New York-based co-working company reported…
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WeWork — once one of the world’s hottest startups — declares bankruptcy
[ad_1] WeWork, the formerly high-flying shared office space company that was once among the world’s most valuable startups, filed for bankruptcy on Monday after years of deteriorating financial performance. “To successfully achieve its goals, WeWork Inc. and certain of its entities filed for protection under Chapter 11 of the U.S. Bankruptcy Code, and intend to…
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BlockFi says it has emerged from bankruptcy and has begun the process of repaying its creditors according to the terms of its bankruptcy plan (Andrew Throuvalas/Decrypt)
[ad_1] Andrew Throuvalas / Decrypt: BlockFi says it has emerged from bankruptcy and has begun the process of repaying its creditors according to the terms of its bankruptcy plan — Fallen crypto lending firm BlockFi announced on Tuesday that it has “emerged” from bankruptcy, making its bankruptcy recovery plan effective as of October 24. [ad_2]…
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Crypto Lender BlockFi Says It’s Taken Major Step Toward Emerging From Bankruptcy
[ad_1] The beleaguered crypto lender was among a rash of digital asset companies that froze their customers’ accounts and eventually collapsed after FTX blew up last fall. The restructuring plan, which more than 90% of creditors approved, will enable BlockFi to recover the assets it lost to crypto exchange FTX and failed hedge fund Three…
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Métro Média to declare bankruptcy as local journalism takes another hit
[ad_1] Breadcrumb Trail Links Local News Closings of 30 hyperlocal publications will create “news deserts,” spelling “very, very bad news for local democracy.” Author of the article: The Canadian Press Christopher Reynolds Published Sep 17, 2023 • Last updated 9 hours ago • 3 minute read The head of Métro Média says the Quebec newspaper publisher…
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Overstock relaunches Bed, Bath & Beyond as online retailer after bankruptcy
[ad_1] Overstock relaunches Bed, Bath & Beyond as online retailer after bankruptcy – CBS News Watch CBS News After filing for bankruptcy earlier this year, Bed, Bath & Beyond has been relaunched as an online store by Overstock.com. Insider senior reporter Dominick Reuter explains. Be the first to know Get browser notifications for breaking news,…
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Businesses warn of bankruptcy as CEBA deadline looms
[ad_1] Breadcrumb Trail Links Small Business Economy Nearly 250,000 small businesses who received CEBA loans are in danger of shutting down, says CFIB Get the latest from Naimul Karim straight to your inbox Sign Up Published Jul 27, 2023 • Last updated 4 hours ago • 5 minute read Nearly 250,000 small businesses who received the…
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How is Detroit doing 10 years after it filed for bankruptcy? : NPR
[ad_1] It’s been a decade since Detroit became the largest U.S. city to file for bankruptcy. It’s made a lot of progress since then but still faces challenges. STEVE INSKEEP, HOST: Ten years ago today, in 2013, Detroit filed for bankruptcy protection. It was the largest U.S. city ever to do that. Quinn Klinefelter from…
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MediaMath files for bankruptcy, acquisition talks goes awry | Advertising
[ad_1] Demand-side platform (DSP) MediaMath has filed for Chapter 11 bankruptcy proceedings as its acquisition talks with potential buyers Viant and MGI-owned Verve Group failed. Chapter 11 of bankruptcy proceedings allows for a reorganisation by which a debtor can still operate its business. Campaign has learnt that the company’s staff was informed via emails on…