Esperanza Balaguer is a journalist from Spain based in New York, United States of America. I work as a freelance reporter writing in Spanish about politics, economy, culture and social movements. I arrived to NYC last September to cover the presidential campaign and the elections. I still write ...

The founder of WeWork increases his fortune while the company declares bankruptcy

17 Nov 2023  |  www.expansion.com  |  Spanish  |  Corporate Bankruptcy

Adam Neumann, the co-founder and former CEO of WeWork, has seen his personal fortune grow to $2.2 billion despite the company's recent bankruptcy filing due to an $18.656 billion debt. Neumann, who left the company in 2019 amid controversy, has criticized his successors while continuing to build his wealth through new ventures like Flow, a real estate technology startup. WeWork's downfall contrasts sharply with Neumann's financial gains, which include lucrative deals with major investors like SoftBank. The article also touches on Neumann's luxurious lifestyle and real estate investments.

Tags:

Corporate Bankruptcy Real Estate Personal Wealth

Balanced

Factuality Scale

Melissa Daniels is a journalist based in Los Angeles. She has extensive experience covering political campaigns, public policy and the judiciary — as well as feature reporting for arts and culture sections and business publications. She is available for freelance assignments as well as contract ...

Bankruptcy filings soared in 2023 as retail companies ran out of lifelines

26 Dec 2023  |  www.modernretail.co  |  English  |  Bankruptcy

In 2023, over 17,000 companies filed for bankruptcy, a nearly 30% increase from the previous year, including both Chapter 7 and Chapter 11 cases. High-profile retailers like Bed Bath & Beyond, Party City, and Rite Aid, as well as niche startups such as Hello Bello, Lunya, and Molekule, faced financial distress due to high inflation, rising interest rates, and a post-Covid market transformation. David's Bridal, with over $250 million in debt, used Chapter 11 strategically during its sale process. The Federal Reserve's interest rate hikes and a decrease in global venture activity contributed to the financial challenges. Some companies, like Hello Bello, entered bankruptcy with acquisition plans, leading to quicker resolutions. The trend reflects a shift in shopping habits and responses to inflation, with companies like Tuesday Morning and Buybuy Baby reinventing themselves post-bankruptcy.

Tags:

Bankruptcy Retail Industry Economic Issues

Informative

Factuality Scale

Alan Greenblatt is a journalist based in St. Louis, United States of America.

WeWork Went Bankrupt but Flexible Office Space Remains a Growing Force

01 Nov 2023  |  www.governing.com  |  English  |  Bankruptcy

WeWork filed for bankruptcy in November, but experts believe the demand for flexible office space will continue to grow. The company's bankruptcy is not seen as an indictment of the flexible workspace model, which is becoming a significant part of commercial real estate portfolios. Cities like New York are adapting to changing work patterns by planning more mixed-use developments. Despite WeWork's financial troubles, the flexible office space market is expected to mature and expand.

Tags:

Bankruptcy Flexible Office Space Commercial Real Estate

Informative

Factuality Scale

Erin Hale is a journalist based in Taipei.

Why are users of 23andMe being urged to delete their data?

26 Mar 2025  |  www.aljazeera.com  |  English  |  23andMe Bankruptcy

23andMe, a genetic testing company, has filed for bankruptcy, raising concerns about the privacy of its 15 million users' genetic data, which could be sold to the highest bidder. Despite assurances from 23andMe about data protection, experts like Arthur Caplan express skepticism, citing the lack of comprehensive federal data privacy laws in the US. The company has faced criticism for data breaches and misleading scientific claims. Former CEO Anne Wojcicki has resigned to bid for the company, which is undergoing a 45-day bidding period for its assets.

Tags:

23andMe Bankruptcy Data Privacy Genetic Testing

Balanced

Factuality Scale

London based journalist reporting on sustainability in aviation and key financial developments in business aviation, helicopters, superyachts and future of flight including drones and other technologies.

Rob Hyde is a freelance journalist based in Bremen, Germany.

His work has been published in The Times, The Daily Mail, The Mirror, The Express, The Daily Record, The Star, The Liverpool Echo & others. He has writes for specialist publications such as The Lancet, and trade periodicals including ...

Boris Becker serves up a new role on TV… selling motorhomes: Disgraced tennis star is the face of advertising campaign on German TV

19 Oct 2023  |  This is Money  |  English  |  Bankruptcy

Boris Becker, the disgraced tennis star, is now the face of a new German TV advertising campaign for Wohn Mobil Park, selling used motorhomes. This move is part of his efforts to pay off debts and stabilize his finances after serving a prison sentence for insolvency offences. Becker, who was released from prison in December 2022, has been rebuilding his public persona with the help of his partner Lilian de Carvalho Monteiro. He has secured various gigs, including a coaching role for tennis player Holger Rune and a commentator position on Eurosport. Becker's past advertising deals with companies like AOL, Mercedes, and Puma are also highlighted.

Tags:

Bankruptcy Advertising Campaign Tennis

Balanced

Factuality Scale

Samir Jeraj is a journalist based in London, United Kingdom. He works as a Special Projects Writer for the New Statesman and has worked on freelance assignments for the Guardian, BBC News, Channel 4 News, The Metro, Inside Housing and the British Medical Journal. He co-authored The Rent Trap, a ...

What does it mean when a council declares bankruptcy?

19 Dec 2023  |  www.newstatesman.com  |  English  |  Bankruptcy

Local councils in the UK are facing severe financial pressures, leading to multiple declarations of bankruptcy, including recent cases in Nottingham and Middlesbrough. Since 2010, budget cuts and rising costs, particularly in social care, have forced councils to make risky investments or drastic cuts. The issuance of a Section 114 notice freezes spending and often leads to government intervention. Political dynamics influence the support councils receive, with central government sometimes allowing asset sales to cover deficits. Despite temporary relief measures, long-term financial stability remains a challenge for many councils.

Tags:

Bankruptcy Local Government Financial Crisis

Informative

Factuality Scale

Center

Political View

Barry Keevins is a journalist based in Brighton, United Kingdom.

Neighbourhood Watch...on Jordan! Locals in sleepy Sussex village warn star 'not to throw any wild parties' and 'to keep herself to herself' as bankrupt influencer moves into new home

29 May 2024  |  Mail Online  |  English  |  Bankruptcy

Katie Price is moving into a new home in a Sussex village, prompting mixed reactions from neighbors who hope she will avoid wild parties. The move follows her second bankruptcy and an acid attack on her car, which led to her decision to leave her previous home, the 'Mucky Mansion.' Price is excited about the new beginning and plans to feature her new house on her YouTube channel. Her new neighbor will include actress Judy Parfitt. The property faced local objections during its development due to concerns about access and noise.

Tags:

Bankruptcy Celebrity News Real Estate

Balanced

Factuality Scale

Ayse Kelce is a journalist based in New York.

Dynata exploring bankruptcy amid looming maturities and unsuccessful sale

07 May 2024  |  ionanalytics.com  |  English  |  Bankruptcy

Dynata is considering filing for bankruptcy after unsuccessful attempts to sell the company and missed interest payments on its loans. The company has been operating under a forbearance agreement with lenders and is expected to receive DIP financing from an ad hoc group of lenders working with Gibson Dunn. Dynata's financial struggles, including weak earnings and negative cash flow, led to a downgrade by Moody's Investors Service. Efforts to sell the company by sponsors Court Square Capital Partners and HGGC have been ongoing, with previous attempts faltering due to scrutiny over earnings adjustments. The company's credit ratings have been withdrawn by both Moody's and S&P at Dynata's request.

Tags:

Bankruptcy Corporate Finance

Informative

Factuality Scale

Lea Lang is a journalist based in Timișoara, Kreis Timiș, Romania. 
Right now she is working for the German program at Radio Romania Timisoara providing news, event tips, book/film/theatre revisions and producing broadcasts for youth.

Kunsthaus Göttingen files for bankruptcy - Is there still hope?

26 Nov 2024  |  www.goettinger-tageblatt.de  |  German  |  Bankruptcy

Kunsthaus Göttingen has filed for bankruptcy, as confirmed by the City of Göttingen. Despite this development, both the managing director, Dorle Meyer, and the mayor, Petra Broistedt, remain hopeful about the future of the institution located on Düsteren Straße.

Tags:

Bankruptcy Art

Balanced

Factuality Scale

Eben Mabunda is a journalist, Financial Analyst and Business Anchor/Writer based in Harare, Zimbabwe. He is trained in Financial Management as well as in Journalism and Mass Communications.

The FTX Collapse and the Urgent Need for Crypto Regulation

15 Nov 2023  |  The Zimbabwe Independent  |  English  |  FTX Bankruptcy

The article discusses the bankruptcy of FTX, the fourth largest crypto exchange, and its sister firm Alameda Research, highlighting the impact on the crypto markets with investors losing billions. It details the background of FTX, valued at $32 billion a few months ago, and its role in providing liquidity during the crypto market's earlier crisis in 2022. The article also mentions the red flags ignored by the media and authorities regarding FTX's stability. It touches upon the need for stricter global crypto regulations and the steps being taken by central banks to investigate and potentially regulate cryptocurrencies, including the creation of Central Bank Digital Currencies (CBDCs). The author, Mabunda, is an analyst and TV anchor at Equity Axis, a financial research firm in Zimbabwe.

Tags:

FTX Bankruptcy Cryptocurrency Market Collapse Crypto Regulation

Shaina McLawrence is a journalist that has worked in various multimedia fast paced environments.

Paolo Morelli is a journalist based in Torino, Italy. He works also as a press officer and started to write for printed and online newspapers 10 years ago.

Bankruptcy of AC Cesena. Focus on Luca Mancini

05 Mar 2025  |  www.ilrestodelcarlino.it  |  Italian  |  Bankruptcy

The sixteenth hearing of the bankruptcy trial of AC Cesena focused on Luca Mancini, a key figure in the club's administration from 2010 to 2013. Testimonies from Marco Semprini and Giovanni Ungania highlighted the financial and administrative challenges faced by the club, including the impact of sports results on financial stability. The trial, presided over by Marco De Leva, is nearing its conclusion with the final hearing scheduled in two weeks, followed by a discussion and a verdict expected on July 8.

Tags:

Bankruptcy Football Legal Proceedings

Balanced

Factuality Scale

I am a freelance journalist for Thomson Reuters, New Arab Media, and Remedy Health New York and a member of the US State Department Foreign Press Association. 

I cover technology, public health, economics, climate change, food security, migration and climate change topics.

I have specialist ...

South Africa: Rapid bus transit bankruptcy cripples Johannesburg

19 Jan 2024  |  www.theafricareport.com  |  English  |  Bankruptcy

Johannesburg's Rea Vaya, a rapid bus transit network introduced in 2009, faces a crisis due to the bankruptcy and gross mismanagement of its management company, Piotrans. This situation poses a threat to the entire subsidised bus transit network in Johannesburg.

Tags:

Bankruptcy Public Transportation

Factual

Factuality Scale

Vanja Popovic is a journalist based in Beograd, Serbia.

Citadel among Spirit Airlines bondholders entering ownership

05 Dec 2024  |  www.ch-aviation.com  |  English  |  Bankruptcy

Spirit Airlines is undergoing a restructuring process due to bankruptcy, with senior secured noteholders, including Citadel Advisors, Pacific Investment Management Co., Western Asset Management Co., AllianceBernstein L.P., and Arena Capital Advisors, set to enter ownership. The restructuring involves converting USD795 million in senior and convertible notes into equity, alongside plans for a backstopped equity rights offering and issuing new senior secured and convertible notes.

Tags:

Bankruptcy Airline Restructuring

Informative

Factuality Scale

Able to provide - Fixing, Live Radio, Print, Radio Newsgathering, Radio Packages and some TV.
 BBC credits include Diana Ross & The Best of Jazz (as co-writer/co-producer): The Capitol Records Story and Superstar: The Karen Carpenter Story (as creator/writer/producer/host); and several BBC live ...

Diamond carriage pact with Comcast may aid its chance to emerge from bankruptcy

30 Jul 2024  |  S&P Global  |  English  |  Bankruptcy

Diamond Sports Group LLC has reached a new carriage agreement with Comcast Corp., allowing its Bally Sports regional sports networks to be available on Comcast's Xfinity Ultimate TV package. This development is a significant step in Diamond's efforts to emerge from Chapter 11 bankruptcy, as it seeks to finalize agreements with the NBA and NHL. The company, a unit of Sinclair Inc., filed for bankruptcy in March 2023 due to declining linear landscape and substantial debt. The new deal with Comcast, its third-largest distributor, is crucial for Diamond's restructuring, as it holds local TV and streaming rights to several NBA, NHL, and MLB teams. Diamond is also working on a restructuring plan involving Amazon.com Inc. taking a minority equity position and Prime Video assuming its direct-to-consumer operations.

Tags:

Bankruptcy Sports Broadcasting Media Industry

Informative

Factuality Scale

Alexander Saeedy is a journalist and public policy researcher based in Brussels, Belgium, where he writes about financial regulation, the global economy, international taxation, and European political affairs. A graduate of Yale University, he's written for Reuters, VICENews, Foreign Affairs, ...

Sale of Silicon Valley Bank’s old venture capital arm hits a snag

18 Dec 2023  |  www.fnlondon.com  |  English  |  Bankruptcy

The sale process for the venture capital arm of bankrupt SVB Financial, the former parent of Silicon Valley Bank, has stalled, leading creditors to prepare for a potential takeover. Two main contenders, a partnership between Anthony Scaramucci’s SkyBridge Capital and Atlas Merchant Capital, and San Francisco's Vector Capital, were previously reported as front-runners.

Tags:

Bankruptcy Venture Capital Business

Informative

Factuality Scale

Daniela Sepulveda is a journalist based in Madrid, Spain.

Worked as Madrid correspondent for Press TV, undertook many reporting tasks ---> finding stories, compiling reports, carry out interviews, writing script for reports, voiceover, video editing (Adobe Premiere Pro) 

Over 70 news package ...

Today concluded the internship of Indecopi professionals in Chile on bankruptcy matters

06 Dec 2024  |  www.superir.gob.cl  |  Spanish  |  Bankruptcy

Professionals from Peru's Indecopi participated in an intensive internship at Chile's Superintendencia de Insolvencia y Reemprendimiento to learn about Chilean bankruptcy regulations. The program included workshops on various legal aspects and was praised by both Chilean and Peruvian representatives for fostering international cooperation and knowledge exchange. The initiative is seen as a step towards continuous collaboration between the two countries in the field of insolvency.

Tags:

Bankruptcy International Cooperation

Informative

Factuality Scale

I'm a full time freelance writer and independent producer based in Washington, DC. My areas of expertise include architecture, design, energy, automotive, technology and the utility industry.  
I work with a variety of clients including television networks, newspapers, magazines, marketing ...

Former President Carter's public finance legacy remembered

30 Dec 2024  |  www.bondbuyer.com  |  English  |  New York City Bankruptcy

Former President Jimmy Carter, who passed away at 100, is remembered for his significant contributions to public finance and deregulation. His presidency saw the deregulation of several industries, including banking and transportation, and he played a crucial role in aiding New York City during its financial crisis. Despite challenges such as the energy crisis and high inflation, Carter's policies, including appointing Paul Volcker to the Federal Reserve, aimed to stabilize the economy. His legacy is celebrated by various organizations and political figures, highlighting his impact on both national and global stages.

Tags:

New York City Bankruptcy Jimmy Carter Public Finance Deregulation

Informative

Factuality Scale

Center-Left

Political View

Samuel Spencer is a freelance international arts and culture journalist based in London. He is one of the principal Europe Reporters for ****, and had also worked for The Telegraph, Penguin Books and NME among many others. He has both radio and television broadcast experience, and opinions about ...

Red Lobster Files For Bankruptcy

20 May 2024  |  dailycaller.com  |  English  |  Bankruptcy

Red Lobster, the world's largest seafood chain, has filed for Chapter 11 bankruptcy in Florida, aiming to improve operations, reduce locations, and sell its assets. CEO Jonathan Tibus emphasized the restructuring as a path to address financial challenges and focus on growth, with support from lenders and vendors. The company, employing 36,000 workers and serving 64 million customers annually, plans to remain operational during the process and has entered a 'stalking horse purchase agreement' to sell its assets to an entity controlled by current term lenders.

Tags:

Bankruptcy Business Restructuring

Informative

Factuality Scale

Brian Yatich is a journalist based in Nairobi, Kenya.

WeWork plans to file for bankruptcy, reports say

31 Oct 2023  |  The East African Business Times  |  English  |  Bankruptcy

WeWork, the troubled office-sharing firm, is reportedly considering filing for bankruptcy as early as next week. The company has faced significant financial struggles, losing almost 98% of its stock market valuation in the past year. WeWork's initial public offering collapsed in 2019 due to concerns about its debts and management, leading to the resignation of founder Adam Neumann. The pandemic further exacerbated its challenges, and despite substantial investment from SoftBank, the company continues to face operational difficulties. WeWork's shares fell by more than 40% in after-hours trading following the bankruptcy reports.

Tags:

Bankruptcy Corporate Struggles

Informative

Factuality Scale

Peter Young is a journalist based in London, United Kingdom.

He writes analytical articles on foreign and economic policy issues. On economics, tax policy is of particular interest. 

He also has written widely on problems facing Cuba, Venezuela and other states aligned with Russia.

Navigating a Tenant’s Bankruptcy: Tips and Observations

02 Jan 2024  |  Lexology  |  English  |  Bankruptcy

Two major companies, Rite Aid and WeWork, have filed for chapter 11 bankruptcy to manage their commercial lease portfolios. This article provides a detailed overview of key issues related to lease rejection and the statutory cap on landlord damage claims. It discusses the power of tenants to reject leases, the implications of such rejections, and the calculation of damages caps under section 502(b)(6) of the Bankruptcy Code. The article also explores different judicial interpretations of these provisions, the types of claims subject to the cap, and the treatment of security deposits and letters of credit in bankruptcy cases.

Tags:

Bankruptcy Commercial Leases Legal Issues

Informative

Factuality Scale