Tag #Bankruptcy

Showing 37 to 48 of 201 results

nrc.nl
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Balr., Popular Dutch Fashion Brand, Files for Bankruptcy

The Dutch fashion brand Balr., founded by former footballer Demy de Zeeuw, filed for bankruptcy on Monday due to declining sales and mounting debt since 2021, highlighting the challenges of adapting to changing market conditions.

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40% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 75% Global Worthiness
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Hudson's Bay Co. Faces Legal Challenge Over Mismanagement During Wind-Down

Senior lenders of Hudson's Bay Co. are petitioning the court to replace the company's management with a "super monitor" due to alleged mismanagement during its wind-down, citing unnecessary costs such as $2.5 million in rent for a lease deal with Ruby Liu that is facing landlord opposition and an ad...

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52% Bias Score

Decent Work and Economic Growth
cbsnews.com
🌐 75% Global Worthiness
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Four Warning Signs Indicating Bankruptcy as the Best Debt Relief Option

Four clear signs signal the need for bankruptcy: using debt to pay other debts, spending over 50% of income on essentials, considering retirement account depletion, and facing foreclosure/repossession; bankruptcy offers legal debt relief and a fresh start.

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52% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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Rite Aid Closes 1,000 Stores Amidst Second Bankruptcy

Rite Aid closed 1,000 stores after its second bankruptcy filing in two years, leaving thousands of Americans without easy access to pharmacies, highlighting challenges faced by brick-and-mortar drugstores against online competitors and financial difficulties.

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52% Bias Score

Good Health and Well-being
abcnews.go.com
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Del Monte Foods Files for Bankruptcy, Seeks Sale Amid Tariff Hikes

Del Monte Foods, a 139-year-old canned food company, filed for Chapter 11 bankruptcy on July 1st, seeking a sale to address financial challenges exacerbated by increased steel and aluminum tariffs, while securing $912.5 million in financing to maintain operations.

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44% Bias Score

Zero Hunger
forbes.com
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Timing of Asset Protection Planning Determines Legality and Consequences

Asset protection planning, effective only before a claim arises from a liability-causing event, becomes fraudulent afterward, leading to severe legal and financial repercussions for debtors and transferees.

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44% Bias Score

Reduced Inequality
themoscowtimes.com
🌐 85% Global Worthiness
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Russia's Soaring Interest Rates Fuel Growing Corporate Debt Crisis

Record-high interest rates in Russia, peaking at 20% in June 2025, are causing a surge in corporate debt service costs, exceeding 15 trillion rubles ($172 billion) in 2025, leading to a rise in overdue corporate debt and threatening numerous businesses, especially in sectors like coal mining and met...

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20% Bias Score

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theglobeandmail.com
🌐 85% Global Worthiness
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23andMe Sale to Co-founder Approved Despite Privacy Concerns

A U.S. bankruptcy judge approved the \$305 million sale of 23andMe to its co-founder Anne Wojcicki, rejecting California's appeal based on privacy concerns, despite objections from California and several other states citing violations of genetic data privacy laws and a previous data breach.

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36% Bias Score

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bbc.com
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Seraphine Enters Administration, Citing Economic Challenges

Maternity fashion retailer Seraphine, known for its association with the Princess of Wales, ceased trading and entered administration on Monday, resulting in the redundancy of the majority of its 95 employees due to "fragile consumer confidence" and rising costs.

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36% Bias Score

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cnnespanol.cnn.com
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Del Monte Foods Files for Bankruptcy, Cites Shifting Consumer Preferences

Del Monte Foods, a 138-year-old canned food company, filed for Chapter 11 bankruptcy on Tuesday night, citing reduced consumer spending and a preference for private-label brands; it secured $912.5 million in financing to facilitate the sale of its assets.

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40% Bias Score

Zero Hunger
forbes.com
🌐 75% Global Worthiness
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Del Monte Pacific Deconsolidates Bankrupt US Subsidiary

Del Monte Pacific deconsolidated its bankrupt US subsidiary, Del Monte Foods Holdings Ltd., after losing control in June due to missed debt payments, resulting in an 8.2% share price drop and an ongoing financial impact assessment.

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40% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 85% Global Worthiness
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Purdue Pharma Bankruptcy Plan Approved Despite Missing Victim Restitution Information

A New York bankruptcy judge approved Purdue Pharma's reorganization plan despite objections that the disclosure statement omits information about $225 million that could go to opioid victims under the Mandatory Victims Restitution Act; the omission raises concerns about the fairness of the bankruptc...

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48% Bias Score

Good Health and Well-being

Showing 37 to 48 of 201 results