FlexShopper Files for Bankruptcy After CEO Fraud Probe
Lease-to-own firm FlexShopper files for Chapter 11 bankruptcy with over $100M liabilities. Read about the CEO fraud scandal and the planned sale to Snap Finance.
Category : Search result: Saks bankruptcy
Stylist Suhail Kwatra charged in ₹3.85 crore Saks Fifth Avenue scam
Indian-American stylist Suhail Kwatra faces larceny charges for allegedly stealing $429,400 from Saks Fifth Avenue via a returns scheme. Read the full story of his dramatic fall from grace.
IBC Amendments 2025: Lok Sabha Panel Chief Hails Reforms
Lok Sabha panel chief Baijayant Panda calls IBC amendments a 'game-changer' to halve resolution time and boost recoveries. Bill excludes project-specific insolvency for real estate.
FAT Brands Shareholder Sues Over Hidden Debt, Bankruptcy Risk
A FAT Brands shareholder sues, alleging the firm hid over $1.4B debt & used high-interest loans. Stock hits a 5-year low. Read about the bankruptcy risk & legal battle.
Ex-BluSmart CEO leads Refex bid for bankrupt EV ride-hailer
Former BluSmart CEO Anirudh Arun now heads Refex Mobility, which is bidding for the bankrupt EV cab operator's 5,000+ charging stations and tech stack. The move could reshape India's green mobility sector.
Panel wants 3-month deadline for NCLAT appeals under IBC
A parliamentary committee recommends a strict 3-month deadline for NCLAT to dispose of IBC appeals, addressing massive delays. The move aims to streamline India's corporate insolvency process. Read the full report.
Paul Heyman's 2025 Net Worth & Marla's Private Finances
Paul Heyman's net worth is estimated at $10 million in 2025 from his WWE role. Details on his $2M salary, ECW past, and why wife Marla Heyman's finances remain private. Read the full financial breakdown.
Lok Sabha Panel Sets 3-Month Deadline for NCLAT Appeals
A Lok Sabha panel mandates NCLAT to resolve bankruptcy appeals within 3 months to speed up corporate rescue. It also bars resolution pros from becoming liquidators to curb perverse incentives. #IBC #BankruptcyReform
Founder Denies Fraud, Blames Lenders for Company Collapse
First Brands founder Patrick James accuses lenders of predatory practices leading to bankruptcy, while new management alleges massive financial fraud. Key details inside.
Azul Airlines Exits Bankruptcy, Plans Profit with US Backing
Brazil's Azul SA, now backed by United and American Airlines, exits Chapter 11 bankruptcy. It plans a domestic focus, profit by 2026, and will handle World Cup travel demand. Read the full story.
IBC Amendment Bill Report to be Tabled in Lok Sabha
A Lok Sabha committee will table its report on the IBC Amendment Bill 2025 on Wednesday, bringing a major insolvency law overhaul closer. The reforms aim to cut delays and boost investor appeal.
iRobot Files for Bankruptcy, Roomba Maker's Shocking Collapse
iRobot, maker of Roomba, files for bankruptcy. The smart home icon crumbles under competition. Read the full story of this shocking tech collapse.
Roomba Maker iRobot Files for Bankruptcy
iRobot, creator of Roomba, files for Chapter 11 bankruptcy and is acquired by Chinese supplier Picea Robotics, raising data privacy concerns. Read the full story.
When Amitabh Bachchan Called Director Asking for Work
Director Suneel Darshan reveals how Amitabh Bachchan personally called him for a role during his 90s financial crisis and worked punishing double shifts for the film Ek Rishta. Read the inspiring story.
Canacol Energy in Debt Talks as Cash Reserves Dwindle
Colombia's top private gas producer, Canacol Energy, negotiates emergency financing to restructure debt as output declines. Will creditors agree? Full details inside.
Shilo Sanders Faces $250K NIL Transfer Allegations in Bankruptcy
NFL free agent Shilo Sanders, son of Deion Sanders, faces allegations of unauthorized $250,000 transfers from NIL deals amid Chapter 7 bankruptcy. His attorney disputes the claims, setting a potential precedent for athlete finances.
Bronx Affordable Housing Project Files Chapter 11 Bankruptcy
Dynamic Star LLC, owner of Bronx's Fordham Landing, files Chapter 11 to halt foreclosure. $55M state funding for 900 affordable units now under review. Read the latest on this major NYC housing development.
iRobot's $191M Debt Sold to Supplier Amid Bankruptcy Risk
Carlyle Group sells troubled iRobot loan to Chinese supplier Santrum. The Roomba maker warns of potential bankruptcy without new capital. Read the full analysis.
Ex-Corporator Warns of Bankruptcy for Bengaluru Civic Bodies
Former corporator N R Ramesh warns Bengaluru's GBA and new civic bodies risk bankruptcy, citing a revenue gap. Property tax collection stands at only Rs 4,500 crore. Read the full analysis.
Realty IBC Reforms Pushed to Later Phase
Government to introduce corporate IBC amendments first, delaying structural reforms for homebuyers and stuck projects. Key changes for real estate require further consultation. #IBC #RealEstate
Anupam Kher: From Rs 400 to Rs 3 Crore Per Film
Anupam Kher reveals how he faced near bankruptcy with only Rs 400 in bank, mortgaged properties, and made remarkable comeback charging Rs 3 crore per film. Read his inspiring story.
Jaiprakash Gaur's Legacy Ends in Bankruptcy
At 94, Jaiprakash Gaur watches his life's work collapse as NCLT admits Jaiprakash Associates into insolvency. Read about his rags-to-riches story and ultimate downfall.
Financial creditors surpass operational creditors in IBC cases
India's insolvency code undergoes significant shift as financial creditors now dominate bankruptcy proceedings. Analysis reveals changing creditor behavior and recovery patterns under IBC framework since 2020 threshold change.
IBC Reforms: Biggest Changes in 9 Years Coming
India's Insolvency and Bankruptcy Code undergoes major reforms with cross-border insolvency and faster debt resolution. Parliament to consider revised bill in December session.
10 Bills for Parliament Winter Session 2025
Indian government lists 10 crucial bills for Winter Session including Atomic Energy Bill 2025 and Higher Education Commission Bill. Key reforms in nuclear sector, education, and economy await parliamentary approval.
PrimaLend Bankruptcy: Payments to CEO's Firm Halted
US court temporarily stops $350,000 monthly payments from bankrupt PrimaLend to CEO Mark Jensen's firm. Judge to decide legitimacy amid creditor concerns over $286M debt.
IBBI's New Valuation Format Aims to Cut Litigation
IBBI introduces standardized valuation format for distressed assets to enhance transparency and reduce lawsuits. Public feedback accepted until December 10. Learn how this impacts creditors.
Adani Wins Bid for Bankrupt Jaiprakash Associates
Gautam Adani's Adani Enterprises secures creditors' approval to take over bankrupt Jaiprakash Associates, gaining assets worth ₹35,000 crore across cement, power and hospitality sectors.
Adani wins $1.53bn Jaiprakash takeover bid
Adani Enterprises secures creditor approval for $1.53 billion Jaiprakash Associates acquisition, beating Vedanta's higher offer with better payment terms. Key details inside.
Lugano Holdings Files Bankruptcy Amid $500M Liabilities
Lugano Holdings Inc., operator of luxury jewelry boutiques, files for Chapter 11 bankruptcy with over $500 million liabilities after former CEO fraud scandal. Stores remain open during sale process.
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