The future of two prominent venues of the Sundance Film Festival in Utah hangs in the balance as their owner, Metropolitan Theaters Corporation, filed for Chapter 11 bankruptcy.
Tags: Bankruptcy
Bankrupt Crypto Lender Genesis Global to Return $3 Billion to Customers
Genesis Global, a bankrupt crypto lending firm, has been allowed by a court to return approximately $3 billion in cash and cryptocurrency to its customers.
Air Vanuatu Files for Bankruptcy Protection After Canceling All International Flights, Leaving Thousands of Tourists Stranded
Air Vanuatu has filed for bankruptcy protection after it canceled all its international flights, which left thousands of passengers stranded.
FTX Bankruptcy: Refunds Expected for Most Customers, Excludes Crypto Gains
The plan, pending court approval, details that almost all customers will be reimbursed the funds they are owed, with some receiving amounts exceeding their original claims.
Former Seafood Giant Red Lobster Nears Bankruptcy Due To Declining Sales and Mismanagement
Red Lobster, which used to be a seafood giant, is on the brink of bankruptcy due to managerial missteps that started in 2003 with no recovery decades later.
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Regions Center Owners File for Chapter 11 Bankruptcy Owners of the 30-story Regions Center in downtown Little Rock filed for Chapter 11 bankruptcy protection on Dec.
Nick Denton is still living a lavish life and wont stop him by doing so even though he filed for bankruptcy because of wrestler Hulk Hogan.
Peabody just filed for bankruptcy protection on Wednesday after it announced its situation the previous weeks. Assets in Mexico and Colorado will no longer be sold as buyer was not able to complete the deal.
SunEdison is facing another lawsuit, this time from its subsidiary TerraForm. TerraForm accused its parent company for misallocating cash for its projects in India to SunEdison’s own balance sheet.
SunEdison is about to file bankruptcy protection to safeguard itself from creditors while trying to recover from its losses while it continues to operate. At the same time it is being investigated by the Securities and Exchange Commission over possible overstating.
The aggressive buying binge of SunEdison Inc has resulted in a total debt of $12 billion. The US-based clean-energy company may seek bankruptcy protection.
Coal mines in Colorado are shutting down one by one. Most of the folks no longer have jobs and are now looking at the marijuana economic growth that could provide them income. Officials however, are worried about the peacefulness of the place and how the chaos if ever, could be handled by such few authorities.
Puerto Rico is struggling with a $72 billion debt and is seeking for a Chapter 9 bankruptcy. It is unclear why the said country is excluded and will not be able to take advantage of it to protect it from creditors and restructure its debts. Only Congress can make a bankruptcy law.
U.S. coal industry is facing tough times as one by one files Chapter 11. Due to high debts, decline in demand and stricter regulations, most have no other choice but to shut down. Lately, Peabody Energy announced that it may go bankrupt.
