bankruptcy

The Domino Effect Of Corporate Failures, Late Supplier Payments
The Domino Effect Of Corporate Failures, Late Supplier Payments
June 04, 2019  |  B2B Payments

Despite ongoing turbulence from major global market events like Brexit and trade wars, the prevalence of business failures has actually declined across the world, new...

READ MORE >
China Considers SMB Bankruptcy Path
China Considers SMB Bankruptcy Path
May 31, 2019  |  B2B Payments

Chinese regulation does not offer a way for individuals to discharge the debt they cannot pay. According to reports in The Economist, small business (SMB)...

READ MORE >
Taxi Drivers Driven To Bankruptcy Over Medallion Loans
Taxi Drivers Driven To Bankruptcy Over Medallion Loans
May 19, 2019  |  Loans

The New York City taxicab industry has been suffering, with a series of suicides plaguing taxi drivers over the past year as they struggle with...

READ MORE >
Bitcoin Daily: EY Reveals QuadrigaCX Owes $150M; Binance To Resume Transactions After Cyberattack
Bitcoin Daily: EY Reveals QuadrigaCX Owes $150M; Binance To Resume Transactions After Cyberattack
May 14, 2019  |  Bitcoin

QuadrigaCX’s final report revealed that the defunct exchange still owes around $160 million. The bankruptcy trustee Ernst & Young is now looking to recover additional...

READ MORE >
Easing Chapter 11 Pain For Small Businesses
Easing Chapter 11 Pain For Small Businesses
April 24, 2019  |  B2B Payments

U.S. lawmakers continue to press for more affordable bankruptcy for small businesses, with Congress reintroducing the Small Business Reorganization Act earlier this month. Reports in...

READ MORE >
Bitcoin Daily: QuadrigaCX On The Verge Of Bankruptcy; Bitcoin Pops 20 Pct
Bitcoin Daily: QuadrigaCX On The Verge Of Bankruptcy; Bitcoin Pops 20 Pct
April 03, 2019  |  Bitcoin

An anonymous buyer has helped bitcoin rise to its highest level in nearly five months. According to Reuters, the crypto broke $5,000 for the first...

READ MORE >
Corporate Insolvencies Rising For First Time In Years
Corporate Insolvencies Rising For First Time In Years
March 13, 2019  |  B2B Payments

Economists continue to raise concerns about rising corporate debt levels, particularly in the two economic powerhouses of the world: the U.S. and China. Ongoing uncertainty...

READ MORE >
Diesel USA Plans To Restore Brand Through Bankruptcy
Diesel USA Plans To Restore Brand Through Bankruptcy
March 06, 2019  |  Retail

Amid shifting consumer buying habits and reported missteps internally, Diesel USA Inc. filed for bankruptcy. The jeans maker and retailer is looking to have court...

READ MORE >
Munchery Leaves Consumers, Vendors Out $6M
Munchery Leaves Consumers, Vendors Out $6M
March 05, 2019  |  Subscriptions

Meal kit service Munchery has filed for bankruptcy and still owes $3 million in unfulfilled customer gift cards and another $3 million to its vendors...

READ MORE >