Tag #Bankruptcy

Showing 37 to 48 of 204 results

lemonde.fr
🌐 75% Global Worthiness
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Claire's France Enters Receivership Amidst Declining Sales

Claire's French subsidiary, employing 800 people across 250 stores, entered receivership on July 24th, 2024, due to declining sales despite recent profitability, facing competition from low-cost Asian online retailers; a six-month observation period will determine its future.

Progress

36% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 85% Global Worthiness
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New Orleans Archdiocese's $210M Clergy Abuse Settlement Faces Investor Challenge

The bankrupt Roman Catholic archdiocese of New Orleans is negotiating a $210-$235 million settlement for 633 clergy abuse claims, but investors are challenging roughly half the claims, potentially derailing the deal unless two-thirds of claimants approve it by October 29th; the average payout could ...

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48% Bias Score

Peace, Justice, and Strong Institutions
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

Decent Work and Economic Growth
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

Good Health and Well-being
bbc.com
🌐 75% Global Worthiness
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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

Decent Work and Economic Growth
cnnespanol.cnn.com
🌐 75% Global Worthiness
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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
cbsnews.com
🌐 75% Global Worthiness
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Rising Inflation Pushes Americans Towards Bankruptcy

High inflation and interest rates are driving up bankruptcy filings in the US, forcing individuals to choose between Chapter 7 (liquidation) and Chapter 13 (repayment plan) bankruptcy, each with different implications for asset retention.

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48% Bias Score

No Poverty
nrc.nl
🌐 65% Global Worthiness
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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.

Progress

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
🌐 75% Global Worthiness
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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.

Progress

44% Bias Score

Zero Hunger

Showing 37 to 48 of 204 results