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oglobo.globo.com • Business • Brazil
Brazil's Superior Court of Justice (STJ) upheld the bankruptcy ruling of Buritirama Mineração, rejecting the company's appeal.
bostonglobe.com • Healthcare • United States
Prospect Medical Holdings, owner of several hospitals in Rhode Island and Connecticut, filed for bankruptcy, leaving the future of these facilities uncertain while a sale to a nonprofit is pending.
techcrunch.com • Business • United States
Trevor Milton, founder of bankrupt electric truck startup Nikola, is accused of attempting to obstruct the sale of the company's assets to Lucid Motors, raising concerns about his motives and potential future legal battles.
elconfidencial.com • Business • Spain
Compañía de Phalsbourg, owner of Madrid's Oasiz mall, proposes selling Portuguese properties to avoid bankruptcy, a plan contingent on creditor approval.
bostonglobe.com • Healthcare • Rhode Island
Prospect Medical Holdings' bankruptcy filing raises concerns about its hospitals' future, but state officials and company executives assure continued operations while a sale to a non-profit is pending.
lancasteronline.com • Business • Pennsylvania
A former business partner of Daryl Heller has filed a lawsuit against Heller's family and associates, adding to the ongoing legal battles surrounding Heller's bankrupt businesses.
nwzonline.de • Business • Netherlands
The bankruptcy of the Holland Norway Lines (HNL) ferry connecting Eemshaven and Kristiansand is attributed to insufficient start-up capital, logistical issues, and an unsuitable vessel.
cryptowidgets.net • Cryptocurrency • World
FTX begins repaying creditors, sparking speculation about the potential impact on Bitcoin and altcoin prices.
coloradoan.com • Sports • USA
USL League One terminated its franchise agreement with the Northern Colorado Hailstorm soccer team due to the team's owner's bankruptcy filing and subsequent lawsuit against the league.
bizwest.com • Sports • United States
Future Legends Sports Complex owner Jeff Katofsky is suing the United Soccer League for fraud, alleging non-payment of prize money and misrepresentation leading to substantial financial losses.
thestreet.com • Retail • United States
After Chapter 11 bankruptcy, Big Lots is reopening over 100 stores across multiple states under new ownership, with plans to reopen even more locations in the coming months.
livelaw.in • Law • India
This article summarizes significant rulings on insolvency law in India during November 2020, covering decisions from the Supreme Court, High Courts, the National Company Law Appellate Tribunal (NCLAT), and National Company Law Tribunals (NCLTs).
smh.com.au • Finance • Australia
The article details the complex financial dealings of property developer Sam Fayad, involving a $2.8 billion debt trail, accusations of tax evasion, and legal battles with creditors and the Australian Taxation Office.
businessinsider.com • Healthcare • United States
The bankruptcy of Steward Health Care exposes a cycle of hospital plundering by private equity firms, leaving communities with limited access to vital healthcare.
theverge.com • Business • World
Electric vehicle maker Nikola declared bankruptcy, ending its tumultuous journey marked by financial struggles, fraud allegations, and the imprisonment of its founder.
therealdeal.com • Finance • California
An Encino investor, Kaysan Ghasseminejad, filed for Chapter 11 bankruptcy on two properties: a Beverly Hills mansion and a medical office building in Encino, citing significant debt.
lancasteronline.com • Business • United States
Text messages reveal the internal chaos and desperation within Paramount Management Group as its ATM network collapsed, ultimately leading to a $138 million judgment and federal investigation.
e.korpurist.ru • Law • Russia
This article presents a methodology for quantitatively assessing the feasibility of initiating bankruptcy proceedings in Russia, using fuzzy-possibility models to incorporate expert knowledge and minimize risks under conditions of limited information.
theglobeandmail.com • Business • Canada
Over 8,300 Hudson's Bay employees will lose their jobs without severance, while others face the loss of disability benefits, prompting legal action and union protests.
estadao.com.br • Business • Brazil
Azul Airlines is expected to file for Chapter 11 bankruptcy protection in the United States within hours, marking a shift from its previous attempts to avoid such action.
myrtlebeachonline.com • Business • World
Bankrupt drugstore chain Rite Aid is closing over 150 more stores, adding to previously announced closures and bringing the total to over 360.
therealdeal.com • RealEstate • New York
Ryan Serhant's brokerage will sell five units at the troubled 172 Madison Avenue building in New York City following a bankruptcy case resolution.
news.bloomberglaw.com • Business • Texas
Sunnova Energy International Inc., a Houston-based residential solar company, filed for Chapter 11 bankruptcy protection due to financial struggles and a challenging market.