Tag #Bankruptcy

Showing 13 to 24 of 155 results

cbsnews.com
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Debt Forgiveness: Credit Score Impact and Long-Term Effects

Debt forgiveness, while offering debt relief, negatively impacts credit scores by marking debts as "settled," affecting future borrowing; however, responsible financial behavior can mitigate the long-term effects.

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56% Bias Score

Reduced Inequality
forbes.com
🌐 75% Global Worthiness
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Rite Aid Sells Assets to CVS, Walgreens, and Others Amidst Second Bankruptcy

Rite Aid, in its second bankruptcy filing in less than two years, is selling prescription files and assets from over 1,000 stores to CVS, Walgreens, and other grocery chains, aiming to ensure continued pharmacy services for customers during the transition.

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36% Bias Score

Good Health and Well-being
theglobeandmail.com
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Hudson's Bay to Pay Down $165 Million in Debt After Successful Liquidation Sales

Hudson's Bay Co. will choose a buyer for its assets and leases by mid-June, after exceeding expectations in liquidation sales that generated $129.5 million, which will be used to pay down $165 million in debt. The company received 17 bids for its assets and 12 for its 39 store leases.

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36% Bias Score

Decent Work and Economic Growth
bbc.com
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WeightWatchers Files for Bankruptcy Amidst Rise of Weight-Loss Injections

WeightWatchers filed for bankruptcy in the US due to $1.88 billion in liabilities exceeding asset value and decreased demand from the rise of weight loss injections, resulting in a $1.15 billion debt write-off while maintaining operations.

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36% Bias Score

Good Health and Well-being
dailymail.co.uk
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Rite Aid Files for Bankruptcy Again Amid Retail Downturn

Rite Aid, operating 1,245 stores after a previous bankruptcy, filed for Chapter 11 protection again due to financial issues stemming from insufficient inventory and declining sales, seeking a buyer while keeping stores open during the process.

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40% Bias Score

Decent Work and Economic Growth
nos.nl
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Ebusco avoids bankruptcy after last-minute investment

Dutch bus manufacturer Ebusco narrowly avoided bankruptcy after receiving a last-minute "5 million euro" payment from a Taiwanese investor, resolving immediate financial issues but leaving its long-term viability uncertain due to past production delays and penalties.

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40% Bias Score

Decent Work and Economic Growth
bbc.com
🌐 85% Global Worthiness
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Regeneron Acquires Bankrupt 23andMe for $256 Million

Regeneron Pharmaceuticals will acquire the bankrupt DNA testing firm 23andMe for $256 million, despite earlier concerns about data security and privacy raised by US state attorneys general, who sought an ombudsman to oversee data protection. Regeneron plans to use 23andMe's data for drug development...

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40% Bias Score

Good Health and Well-being
smh.com.au
🌐 75% Global Worthiness
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Pesutto Ordered to Pay \$2.3 Million, Faces Bankruptcy

Former Victorian opposition leader John Pesutto must pay \$2.3 million of colleague Moira Deeming's legal costs after losing a defamation case where he falsely implied she associated with neo-Nazis; failure to pay could lead to bankruptcy, forcing his resignation and a by-election.

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36% Bias Score

Peace, Justice, and Strong Institutions
it.euronews.com
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WeightWatchers Files for Bankruptcy, Pivots to Telehealth

WeightWatchers, facing declining revenue and an aging customer base, filed for Chapter 11 bankruptcy on Tuesday to eliminate \$1.15 billion in debt, planning to focus on its telehealth division, WeightWatchers Clinic, which saw a 57% revenue increase in the last year, and expects to exit bankruptcy ...

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32% Bias Score

Good Health and Well-being
cnn.com
🌐 85% Global Worthiness
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Rite Aid Re-Files for Bankruptcy, Seeks Buyer

Rite Aid, the seventh-largest pharmacy chain in the US, re-filed for Chapter 11 bankruptcy on Monday, seeking a buyer while securing nearly $2 billion in financing to maintain operations during the process, following a previous bankruptcy in 2023 and a failed acquisition attempt by Walgreens in 2017...

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44% Bias Score

Decent Work and Economic Growth
us.cnn.com
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Rite Aid Files for Second Bankruptcy, Seeking Buyer Amidst Industry Challenges

Rite Aid, the third-largest standalone pharmacy chain in the US, filed for Chapter 11 bankruptcy for a second time on Monday, seven months after emerging from its first bankruptcy, seeking a buyer while aiming to maintain operations and pharmacy services, highlighting the struggles in the drugstore ...

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48% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 85% Global Worthiness
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US Retail Faces Crisis Amidst Tariff Uncertainty

US retail faces a crisis due to tariff uncertainty, with suppliers delaying orders for fall and holiday seasons, risking shortages and potential bankruptcies within 30 days; a solution is urgently needed to prevent widespread economic fallout and price increases for consumers.

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72% Bias Score

Decent Work and Economic Growth

Showing 13 to 24 of 155 results