Tag #Bankruptcy

Showing 37 to 48 of 138 results

elpais.com
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23andMe Declares Bankruptcy, Raising Concerns Over Genetic Data

23andMe, the pioneering genetic testing company founded by Anne Wojcicki, declared bankruptcy this week after struggling with profitability, leaving the fate of 15 million customers' genetic data uncertain.

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44% Bias Score

Good Health and Well-being
forbes.com
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23andMe Bankruptcy Filing Raises Data Privacy Concerns

DNA-testing company 23andMe filed for bankruptcy protection in the U.S. to facilitate a sale, prompting California's Attorney General to urge users to delete their data and samples due to data breach concerns in 2023.

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forbes.com
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Tax Implications of Canceled Debt: Exceptions and Exclusions

When debt is canceled, it's often taxed as income; however, exceptions exist for gifts under $17,000, mortgage debt relief up to $750,000 (2021-2025) on a primary residence, bankruptcy discharges, insolvency, and disputed debts, though complexities and IRS Form 982 or 1099-C filings may apply.

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40% Bias Score

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aljazeera.com
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23andMe Files for Bankruptcy Amid Data Breach and Weak Demand

23andMe, a San Francisco-based genetic testing firm, filed for Chapter 11 bankruptcy protection on Sunday due to weak demand, a 2023 data breach affecting nearly seven million customers, and subsequent financial losses; co-founder and CEO Anne Wojcicki resigned to independently bid on the company's ...

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bbc.com
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23andMe Files for Bankruptcy, CEO Resigns

DNA testing company 23andMe filed for bankruptcy, resulting in CEO Anne Wojcicki's resignation and the company's planned sale. The California Attorney General advised customers to delete their data due to financial concerns, following a 2023 data breach and failed attempts to diversify revenue strea...

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cbsnews.com
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Wage Garnishment: Legal Process, Financial Impact, and Solutions

Wage garnishment, impacting millions of Americans, involves legal seizure of paychecks to repay debts; creditors usually need a court order, but exceptions exist for certain debts. This process can severely strain budgets.

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cnn.com
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23andMe Bankruptcy Raises Concerns Over User Genetic Data Privacy

23andMe, a genetic testing company with 15 million users, filed for Chapter 11 bankruptcy, raising concerns about the future handling of user genetic data by potential acquirers, prompting state attorneys general to urge users to delete their accounts.

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52% Bias Score

No Poverty
foxnews.com
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23andMe Files for Bankruptcy, Raising Concerns Over Genetic Data Privacy

23andMe, a consumer DNA testing company, filed for Chapter 11 bankruptcy in March 2025, following a 2023 data breach impacting nearly 7 million users and subsequent financial decline. The bankruptcy will involve a court-supervised sale of assets, including customer genetic data, raising privacy conc...

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cbsnews.com
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Conflicting Statements Emerge in Crozer Health Bankruptcy Case

Attorneys for Crozer Health's parent company announced a potential partnership with Delaware County and Penn Medicine to prevent the health system's closure, although Penn Medicine denies these claims; a Delaware County foundation is providing \$13 million in emergency funding.

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40% Bias Score

Good Health and Well-being
nos.nl
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Blokker Brand Acquired by Family Member for €1 Million Following Bankruptcy

Ans Palmer-Blokker purchased the Blokker brand name and web shop for €1 million after the company's November 2023 bankruptcy, despite failed attempts to sell numerous stores, generating €103 million from liquidation sales.

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theglobeandmail.com
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Hudson's Bay to Liquidate Most Stores, Thousands of Jobs at Risk

Hudson's Bay Company, facing financial difficulties, is liquidating most of its stores in Canada, beginning Monday and concluding by mid-June, potentially resulting in over 9,300 job losses and over \$100 million in delayed or absent severance payments for employees.

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48% Bias Score

Decent Work and Economic Growth
us.cnn.com
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Purdue Pharma's Revised \$7.4 Billion Opioid Settlement Plan Filed

Purdue Pharma filed a new \$7.4 billion bankruptcy plan to settle opioid lawsuits, addressing Supreme Court concerns by offering creditors a choice to participate and increasing Sackler family contributions to between \$6.5 and \$7 billion, with \$850 million for individuals harmed.

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44% Bias Score

Good Health and Well-being

Showing 37 to 48 of 138 results