Us Bankruptcy
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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.
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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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Byju's Must Freeze $533 Million, Says US Bankruptcy Judge In Win For Lenders
Tech firm Think & Learn Pvt must freeze $533 million to protect the money for disgruntled lenders who claim the cash should only be used to pay them, a US judge said on Thursday.
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Cosmetics Firm 'The Body Shop' Goes Bankrupt, Shuts Down US, Canada Stores
The UK-based cosmetics company, The Body Shop, shut down all of its US-based operations and will soon be closing dozens of Canadian store locations after filing for bankruptcy, CNN reported.
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Joe Biden Nominates Indian-Origin Judge To US Court For New York
President Joe Biden has nominated Indian-origin judge Sanket Jayshukh Bulsara, an expert in securities, contract, bankruptcy, and regulatory matters, for the United States District Court for the Eastern District of New York.
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WeWork Founder Adam Neumann Seeks To Buy Bankrupt Company 5 Years After Being Ousted
WeWork filed for bankruptcy in the US in 2022. The company struggled to recover from the effects of Covid-19 on the economy and its failed initial public offering in 2019.
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Byju's US Unit Files For Bankruptcy Protection
A unit of Byju's, once one of India's hottest tech startups, was put into bankruptcy in the US by a court-appointed agent who took over the shell company after it defaulted on $1.2 billion in debt.
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Byju's US Unit Files For Bankruptcy In Delaware
A US unit of Indian education technology startup Byju's has filed for Chapter 11 bankruptcy proceedings in the US court of Delaware, listing liabilities in the range of $1 billion to $10 billion.
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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.
-
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.
-
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.
-
Byju's Must Freeze $533 Million, Says US Bankruptcy Judge In Win For Lenders
Tech firm Think & Learn Pvt must freeze $533 million to protect the money for disgruntled lenders who claim the cash should only be used to pay them, a US judge said on Thursday.
-
Cosmetics Firm 'The Body Shop' Goes Bankrupt, Shuts Down US, Canada Stores
The UK-based cosmetics company, The Body Shop, shut down all of its US-based operations and will soon be closing dozens of Canadian store locations after filing for bankruptcy, CNN reported.
-
Joe Biden Nominates Indian-Origin Judge To US Court For New York
President Joe Biden has nominated Indian-origin judge Sanket Jayshukh Bulsara, an expert in securities, contract, bankruptcy, and regulatory matters, for the United States District Court for the Eastern District of New York.
-
WeWork Founder Adam Neumann Seeks To Buy Bankrupt Company 5 Years After Being Ousted
WeWork filed for bankruptcy in the US in 2022. The company struggled to recover from the effects of Covid-19 on the economy and its failed initial public offering in 2019.
-
Byju's US Unit Files For Bankruptcy Protection
A unit of Byju's, once one of India's hottest tech startups, was put into bankruptcy in the US by a court-appointed agent who took over the shell company after it defaulted on $1.2 billion in debt.
-
Byju's US Unit Files For Bankruptcy In Delaware
A US unit of Indian education technology startup Byju's has filed for Chapter 11 bankruptcy proceedings in the US court of Delaware, listing liabilities in the range of $1 billion to $10 billion.
