Bankrupt Company

Latest News for: Bankrupt company

Edit

BlockFi to sell $4.7 million of physical mining assets amid bankruptcy

The Block 23 Mar 2023

A bankruptcy judge approved the sale of bankrupt lender BlockFi's mining machines and other physical assets for $4.7 million ... The company was reportedly looking to sell $160 million in mining loans ... A reversal in those trends has recently given companies in the space some much-needed breathing room.

Edit

FTX reaches deal to recover over $400 mln from hedge fund Modulo

Financial Express 23 Mar 2023

Bankrupt crypto exchange FTX has reached a deal to recover more than $400 million in cash from hedge fund Modulo Capital, pulling back 97% of the money that FTX companies sent to the hedge fund in 2022, according to court documents filed on Wednesday ... the bankrupt crypto exchange.

Edit

Snow blast from the past: The history of skiing in the High Country

Watauga Democrat 23 Mar 2023

The CCC eventually went bankrupt, and was bought by the Costin family in 1985, and the family has owned the resort ever since ... Around 1974, Sugar Mountain Company went bankrupt and by 1978, the resort section had been purchased by Gunther Jochl, or Sugar Mountain Resort, Inc., from the bankruptcy court.

Edit

GameStop shares close up 35.2%

Arkansas Democrat-Gazette 23 Mar 2023

Net income for the company was $48.2 million, its first profit in two years, compared with a loss of $147.5 million a year earlier, the Grapevine, Texas-based video game retailer said in a statement Tuesday ... A push into digital assets -- the company announced a partnership with now-bankrupt cryptocurrency exchange FTX U.S.

Edit

Savvy Senior: How to appeal Medicare surcharges when your income changes

The Morning Call 23 Mar 2023

Dear Savvy Senior, ... Do I have any options?. — Overcharged Andy. Dear Andy, ... marriage, death of a spouse, divorce or annulment, reduced work hours or retirement, involuntary loss of income-producing property, the loss or reduction of some types of pension income, and an employer settlement payment because the company went bankrupt or reorganized ... .

Edit

How to appeal Medicare surcharges when your income changes

Williston Observer 23 Mar 2023

Dear Savvy Senior, ... Do I have any options?. Overcharged Andy. Dear Andy, ... marriage, death of a spouse, divorce or annulment, reduced work hours or retirement, involuntary loss of income-producing property, the loss or reduction of some types of pension income, and an employer settlement payment because the company went bankrupt or reorganized ... ....

Edit

Why advertisers aren’t coming back to Twitter

Vox 23 Mar 2023

Almost five months later, the company’s standing with the advertisers that historically make up 90 percent of its revenue still hasn’t measurably improved ... Whether or not Musk can win back brands — or figure out a feasible alternate plan to make money — will determine whether the company will ultimately go bankrupt.

Edit

Anil Ambani, Vijay Mallya to Nirav Modi, Mehul Choksi: 7 Indian billionaires who went from riches to rags

Financial Express 22 Mar 2023

Anil was the chairman of Reliance Communications, which was once the second-largest telecom company in India. However, the company faced intense competition from new players, and Ambani was unable to service the company’s debts. In 2020, Anil Ambani declared that he was bankrupt.

Edit

HSBC eyes AT1 bond issuance in excess of limit

Hong Kong Standard 22 Mar 2023

... rank below bondholders in terms of who gets paid when a bank or company collapses, will receive US$3.23 billion. The write-off was in contrast to the order that the holders of debt, including AT1 bonds, should claim ownership of the bankrupt company before the shareholders.

Edit

Deripaska denies lying to London court in Russian tycoon feud

Reuters 22 Mar 2023

LONDON, March 22 (Reuters) - Russian aluminium tycoon Oleg Deripaska on Wednesday denied lying about the relocation of EN+ Group from Jersey to Russia to avoid U.S ... But Deripaska, who denies breaching the undertaking, argues the EN+ shares would have been worthless if the company was not redomiciled as the company would have been bankrupted ... Gallery.

Edit

The Pink Candle opens in downtown Longview

Longview News-Journal 22 Mar 2023

A Chapel Hill woman and her mother have opened a store in downtown Longview where customers can buy ready-made candles or customize their own candles as well as other products. The Pink Candle is at 101 E. Tyler St ... "He said, 'You have to do it, you have to do,' " Kara said ... Then, the overall company that was franchising the stores went bankrupt ... ....

Edit

The Savvy Senior | How to Appeal Medicare Surcharges When Your Income Changes

The Signal 22 Mar 2023

Edit

OSFI's new guidelines: A step toward making banks and insurers more conscious of their climate impacts

Phys Dot Org 22 Mar 2023

Companies should ensure disclosures meet certain principles and expectations without overwhelming users with unnecessary information ... In the ground-breaking Redwater case, the Supreme Court of Canada ruled that, when oil companies go bankrupt, creditors are required to step in and clean up old oil and gas wells before any lenders are paid back.

Edit

‘He Has a Battle Rifle’

Fort Worth Weekly 22 Mar 2023

Editor’s note ... We are not publishing images of injured or deceased victims ... And that they could die ... It’s the person.” ... Its sleek Instagram videos often feature young men rapidly firing the company’s rifles, wearing outfits that resemble combat uniforms ... The company rejected these claims and cast the lawsuit as an attempt to bankrupt the gun industry ... .

Edit

Museum of Failure opens at Industry City to great success

AM New York 21 Mar 2023

Visitors to the museum will see some recognizable names, such as Google Glass — the search company’s attempt to place a computer screen on the corner of wearers’ field of vision, accompanied with a face-mounted camera ... Ultimately, the car was dubbed a “nightmare on wheels,” and the DeLorean Motor Company went bankrupt.