Us Bankruptcy
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US Department Store JCPenney To Close 7 Stores Across The Country, Check Impacted Locations
American department store chain JCPenney will permanently close seven of its locations across the United States by May 25, 2025.
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End Of Bikini Nights? US Restaurant Chain Hooters Files For Bankruptcy Amid Founder-led Buyout Plan
Hooters of America filed for bankruptcy protection while announcing plans to bring back its founders as part of a deal with franchisees who already own a significant portion of Hooters restaurants, ensuring continued operation during reorganization.
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Forever 21 Files For Bankruptcy, Plans US Liquidation
Apparel retailer Forever 21 said Monday it commenced voluntary bankruptcy proceedings in the United States, beginning plans for an "orderly wind down" of US stores, while pursuing in parallel a possible sale.
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Montenegro Extradites Crypto Entrepreneur Do Kwon To US
Montenegro on Tuesday extradited to the United States the South Korean cryptocurrency specialist Do Kwon, who is also wanted by Seoul over his firm's multi-billion-dollar bankruptcy, officials said.
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In Joe Biden's Tribute To Manmohan Singh, A US-India Civil Nuclear Deal Mention
Manmohan Singh, who was known as one of the architects of economic reforms in 1991 that pulled India from the brink of bankruptcy, died Thursday at 92.
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Elon Musk Makes Bold Claim, Says Bill Gates Could Go Bankrupt Over This Reason
The statement has reignited the long-standing feud between Musk and Gates.
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"America Going Bankrupt Super Fast": Elon Musk Offers Solution
Billionaire Elon Musk, tasked by President-elect Donald Trump to rein in the excessive US spending, has warned that America could be nearing the verge of bankruptcy.
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Byju's US Units Wrongly Stripped Of Education App, Court Rules
Two money-making education apps that are part of the troubled Byju's software empire were wrongly transferred away from US lenders and must be returned to a court-supervised bankruptcy trustee, a federal judge ruled Tuesday.
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American Bar And Grill Chain TGI Fridays Files For Bankruptcy
Casual American dining chain TGI Fridays filed for Chapter 11 bankruptcy on Saturday in the US state of Texas, a company statement said.
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J&J's $8.2 Billion Settlement Linked To Iconic Baby Powder Faces Court Test
The fate of Johnson & Johnson's latest push to use bankruptcy courts to end thousands of cancer lawsuits tied to its iconic baby powder now hinges on a high-stakes trial in January.
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FTX Cleared to Repay Billions to Customers After Bankruptcy Plan Approval
FTX has received court approval of its bankruptcy plan. The plan is built on a series of settlements with FTX customers and creditors, US government agencies, and liquidators appointed to wind down FTX's operations outside the US.Â
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US Lenders Won't Have A Say On Who Runs Byju's Amid Bankruptcy Concerns
US lenders to Byju's were removed from an influential creditors committee by a court-appointed arbitrator in India, a potential boon for the struggling online-education company seeking to avert bankruptcy.
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US CFTC Orders Fallen Crypto Exchange FTX to Pay $12.7 Billion to Customers
The CFTC agreement resolves a potential roadblock to that repayment, ensuring that the government's lawsuit against FTX will not reduce the funds available to its customers. The CFTC agreed not to collect any payment from FTX until all its customers are repaid, with interest.
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WeWork Global In Talks To Sell Entire Stake In WeWork India: Report
Co-working firm WeWork Global, which has filed for bankruptcy in the US, is in talks with potential investors to sell its entire 27 per cent stake in WeWork India to monetise its investments, sources told Press Trust of India.
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Under Pressure, Trump Goes On Attack As $454 Million Deadline Looms
Donald Trump lashed out at prosecutors Friday as the clock ticked down on the possible seizure of his assets and threatened bankruptcy if he fails to come up with cash to pay a half-billion dollar bond.
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US Department Store JCPenney To Close 7 Stores Across The Country, Check Impacted Locations
American department store chain JCPenney will permanently close seven of its locations across the United States by May 25, 2025.
-
End Of Bikini Nights? US Restaurant Chain Hooters Files For Bankruptcy Amid Founder-led Buyout Plan
Hooters of America filed for bankruptcy protection while announcing plans to bring back its founders as part of a deal with franchisees who already own a significant portion of Hooters restaurants, ensuring continued operation during reorganization.
-
Forever 21 Files For Bankruptcy, Plans US Liquidation
Apparel retailer Forever 21 said Monday it commenced voluntary bankruptcy proceedings in the United States, beginning plans for an "orderly wind down" of US stores, while pursuing in parallel a possible sale.
-
Montenegro Extradites Crypto Entrepreneur Do Kwon To US
Montenegro on Tuesday extradited to the United States the South Korean cryptocurrency specialist Do Kwon, who is also wanted by Seoul over his firm's multi-billion-dollar bankruptcy, officials said.
-
In Joe Biden's Tribute To Manmohan Singh, A US-India Civil Nuclear Deal Mention
Manmohan Singh, who was known as one of the architects of economic reforms in 1991 that pulled India from the brink of bankruptcy, died Thursday at 92.
-
Elon Musk Makes Bold Claim, Says Bill Gates Could Go Bankrupt Over This Reason
The statement has reignited the long-standing feud between Musk and Gates.
-
"America Going Bankrupt Super Fast": Elon Musk Offers Solution
Billionaire Elon Musk, tasked by President-elect Donald Trump to rein in the excessive US spending, has warned that America could be nearing the verge of bankruptcy.
-
Byju's US Units Wrongly Stripped Of Education App, Court Rules
Two money-making education apps that are part of the troubled Byju's software empire were wrongly transferred away from US lenders and must be returned to a court-supervised bankruptcy trustee, a federal judge ruled Tuesday.
-
American Bar And Grill Chain TGI Fridays Files For Bankruptcy
Casual American dining chain TGI Fridays filed for Chapter 11 bankruptcy on Saturday in the US state of Texas, a company statement said.
-
J&J's $8.2 Billion Settlement Linked To Iconic Baby Powder Faces Court Test
The fate of Johnson & Johnson's latest push to use bankruptcy courts to end thousands of cancer lawsuits tied to its iconic baby powder now hinges on a high-stakes trial in January.
-
FTX Cleared to Repay Billions to Customers After Bankruptcy Plan Approval
FTX has received court approval of its bankruptcy plan. The plan is built on a series of settlements with FTX customers and creditors, US government agencies, and liquidators appointed to wind down FTX's operations outside the US.Â
-
US Lenders Won't Have A Say On Who Runs Byju's Amid Bankruptcy Concerns
US lenders to Byju's were removed from an influential creditors committee by a court-appointed arbitrator in India, a potential boon for the struggling online-education company seeking to avert bankruptcy.
-
US CFTC Orders Fallen Crypto Exchange FTX to Pay $12.7 Billion to Customers
The CFTC agreement resolves a potential roadblock to that repayment, ensuring that the government's lawsuit against FTX will not reduce the funds available to its customers. The CFTC agreed not to collect any payment from FTX until all its customers are repaid, with interest.
-
WeWork Global In Talks To Sell Entire Stake In WeWork India: Report
Co-working firm WeWork Global, which has filed for bankruptcy in the US, is in talks with potential investors to sell its entire 27 per cent stake in WeWork India to monetise its investments, sources told Press Trust of India.
-
Under Pressure, Trump Goes On Attack As $454 Million Deadline Looms
Donald Trump lashed out at prosecutors Friday as the clock ticked down on the possible seizure of his assets and threatened bankruptcy if he fails to come up with cash to pay a half-billion dollar bond.
