Latest News for: Bankruptcy management

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Genesis Trading Initiates Asset Deposit To Gemini Following Bankruptcy Declaration

NULLTX 11 May 2024
... of Genesis Trading’s bankruptcy declaration ... The decision to deposit assets to Gemini underscores the ongoing efforts to manage and address the implications of Genesis Trading’s bankruptcy.
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How Wall Street scored big in the FTX bankruptcy mess

Cryptopolitan 10 May 2024
As the bankruptcy proceedings unfolded, the task at hand was clear ... Under the guidance of John Ray III, the newly appointed CEO tasked with navigating the bankruptcy, FTX managed to outline a path to significant recovery for its creditors.
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BlockFi’s closure: Coinbase assumes asset management

Cryptopolitan 10 May 2024
This move will shift the corporation’s management, which has been dealing with financial difficulties ever since it declared bankruptcy at the end of 2022. In terms of asset management and ...
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Here's where Babies R Us will open in 13 NJ Kohl's stores this year

app 10 May 2024
According to a March announcement, the retailer is entering a licensing deal with WHP Global, a brand management firm that also was responsible for reviving Toys R Us following its bankruptcy.
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'I was surprised:' Concern mounts after operator of Sebastian Medical Center files for bankruptcy

WPTV 09 May 2024
Steward Health Care System, the operator of Sebastian River Medical Center, Monday, a chapter of the United States Bankruptcy Code that allows individuals and businesses to reorganize their finances while continuing to operate.
photo: Creative Commons / Bybit https://creativecommons.org/licenses/by/2.0/
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FTX customers are getting a rare good deal. Here’s why some are still angry

CNN 09 May 2024
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Accountants Reluctant to Manage Rudy Giuliani’s Bankruptcy, Attorneys Say

The Epoch Times 08 May 2024
A court filing by Rudy Giuliani’s attorneys highlights the former mayor of New York’s struggle to keep an accountant to manage his bankruptcy.
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Who is Ralph de la Torre? The CEO of Steward Health Care with a $40 million yacht

Taunton Daily Gazette 08 May 2024
On Monday, those financial troubles came to a head when Steward filed for Chapter 11 bankruptcy. When de la Torre first started Steward in collaboration with Cerberus Capital Management, a New ...
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Here’s How FTX Will Use Surplus Cash to Repay Bankruptcy Victims

CoinGape 08 May 2024
This shall be a rare outcome since in most bankruptcy settlements, the creditors usually receive only pennies ... Payments are anticipated to occur several months from now as FTX progresses through the concluding phases of the bankruptcy proceedings.
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Massachusetts AG Andrea Campbell blasts Steward in bankruptcy court

Boston Herald 08 May 2024
Steward enters bankruptcy with its hospitals in Massachusetts compromised by fiscal and operational mismanagement, the nature and scale of which it actively concealed from both the government and the public.
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Dolton Mayor Tiffany Henyard vetoes hiring of former Chicago Mayor Lori Lightfoot

Chicago Tribune 07 May 2024
Freeman, an Orland Park resident, also works as a manager with Thornton Township, where Henyard is supervisor. He was indicted on a charge of bankruptcy fraud last month and pleaded not guilty during an April 24 hearing, according to a court filing.
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Reaction as Steward goes belly-up

Boston Herald 07 May 2024
As news of Steward Health Care’s pre-dawn bankruptcy filing emerged Monday, reaction came in from around the state ... people’s lives and livelihoods, ultimately leading to this bankruptcy.
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What to know about Steward Health Care amid bankruptcy, financial crisis

The Patriot Ledger 07 May 2024
There are over 7,900 beds under Steward’s management, according to the website.What will happen to Steward’s hospitals during Chapter 11 bankruptcy proceedings?. By filing for bankruptcy, the ...
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Stewart Health Care files for bankruptcy in US

The Malta Independent 06 May 2024
That plan includes a command centre to monitor all Steward locations in the state of Massachusetts and manage the potential fallout of a bankruptcy filing.
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Higher rates boost bankers to troubled companies

The News International 06 May 2024
Even without a bankruptcy filing, liability management transactions have proved increasingly complex, contentious and expensive ...The financial advisers add a ton of value in these complex liability management situations.
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