bankruptcy

$1 Billion in Three Arrows Founders’ Assets Frozen by Court
$1 Billion in Three Arrows Founders’ Assets Frozen by Court
December 21, 2023  |  Cryptocurrency

A court has reportedly frozen $1 billion in Three Arrows Capital’s founders’ assets. The ruling came down earlier this week from a court in the British...

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E-Scooter Startup Bird Declares Bankruptcy Following Delisting
E-Scooter Startup Bird Declares Bankruptcy Following Delisting
December 20, 2023  |  Transportation

Bird, the once high-flying electric scooter startup, has filed for bankruptcy. The Miami-based company announced its Chapter 11 filing two years after going public, one...

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FTX Trading and FTX Digital Markets Reach Settlement 
FTX Trading and FTX Digital Markets Reach Settlement 
December 19, 2023  |  Cryptocurrency

Bankrupt crypto exchange FTX Trading has reached a settlement with liquidators for its Bahamas unit, resolving a dispute over whether the company’s U.S. bankruptcy proceedings should...

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Alternative Data Revolutionized Small Business Lending in 2023
Alternative Data Revolutionized Small Business Lending in 2023
December 18, 2023  |  SMBs

A lot can change in a year, particularly for the small- to medium-sized business (SMB) segment. And while change can be a constant, constant change...

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FinTech Bankruptcies and Speedbumps Prove Digitization Offers No Straight Path to Viability
FinTech Bankruptcies and Speedbumps Prove Digitization Offers No Straight Path to Viability
December 18, 2023  |  Business

There’s no smooth sailing for corporates into the end of 2023. As 2023 becomes 2024, and as we spotlighted here, the pandemic era relief has...

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FTX Submits Plans to End Bankruptcy Proceedings
FTX Submits Plans to End Bankruptcy Proceedings
December 18, 2023  |  Cryptocurrency

FTX has filed a proposal that would allow the cryptocurrency exchange to exit bankruptcy. The proposal, filed in bankruptcy court Saturday (Dec. 16), would distribute billions in cash...

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Business Bankruptcies Jump as COVID Relief Ends
Business Bankruptcies Jump as COVID Relief Ends
December 18, 2023  |  Economy

The end of pandemic relief and steep interest rates have ramped up corporate bankruptcies. Business bankruptcy rates had been falling in the U.S. for a...

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Mall Owner PREIT Makes Second Bankruptcy Filing in 3 Years
Mall Owner PREIT Makes Second Bankruptcy Filing in 3 Years
December 12, 2023  |  Real Estate

Pennsylvania Real Estate Investment Trust (PREIT), a prominent mall owner in the eastern United States, filed for bankruptcy for the second time in three years,...

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SmileDirectClub Saga Illustrates Promise and Peril of Direct-to-Consumer Retail Models
SmileDirectClub Saga Illustrates Promise and Peril of Direct-to-Consumer Retail Models
December 07, 2023  |  Business

In business, as in life, there are no guarantees of success. And to put a twist on an observation by poet Robert Burns, the best...

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