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Tag Archives: Bankruptcy

AOC and Warren join forces to create a new video in which they press Mnuchin about Sears bankruptcy

Rep. Alexandria Ocasio-Cortez, DN.Y., and Sen. Elizabeth Warren, D-Mass., Released another joint video on Thursday in which they briefed Treasury Secretary Steve Mnuchin on his role in Sears' insolvency in 2018 – which implied that he was making money Americans, Warren argued, deserve a "finance minister who fights for them, not someone who has spent a decade making money for …

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Weatherford shares plunge on plans to file for bankruptcy

Weatherford International Ltd. WFT, -3.81% shares fell in the extended session on Friday after the oilfield services company announced it would apply for Chapter 11 bankruptcy protection. Weatherford shares fell 67% in hours after a decline of 3.8% to close the regular session at 37 cents. In a US Securities and Exchange Commission filing late Friday, Weatherford said, "The market …

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Weatherford seeks bankruptcy for liquidity shortage; Shares -12.5% ​​- Weatherford International plc (NYSE: WFT)

Weatherford (NYSE: WFT) announced in its 10Q report that the company is expected to file for Chapter 11 bankruptcy. Shares have fallen [12.5%] . after hours. It is hoped to negotiate with noteholders for a ready-made plan, it is said; The plan provides for two debtor-in-debt facilities: a revolver facility of up to $ 750 million and a credit facility …

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The creator of OxyContin is considering bankruptcy as litigations increase in the face of the national opioid crisis

Purdue Pharma, the company that has made billions of dollars with the prescription painkiller OxyContin, said it was considering filing for bankruptcy as it deals with lawsuits against those responsible for the national opioid crisis. "How the company According to Purdue, Robert Johnson told The Associated Press. Hundreds of local and state governments have sued Purdue and other drugs Manufacturers …

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The IRS analyst was charged with Michael Cohen's bankruptcy clearance

The analyst, John C. Fry, has been charged with unauthorized disclosure of a document called "Suspicious Activity Report" that banks submit when reviewing transactions involving red flags that leak confidential reports related to Cohen's banking activities last year. Fry, an investigator for the IRS law enforcement arm, is accused of handing over the reports to a lawyer, Michael Avenatti, in …

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Payless filed for bankruptcy and said it would close 2,500 businesses selling

Payless ShoeSource filed for bankruptcy on Monday, saying it will close 2,500 stores in North America, compared to 2,100 previously reported. The branches' liquidation plans remain unchanged, with some locations closed in March and most stores open until May. Original story released on Friday. February 15 Payless ShoeSource confirmed the closure of its 2,100 stores in the US on Friday, …

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Sears survived the bankruptcy. Can it survive in the long term?

The retailer turns bankruptcy into a smaller and financially healthier company. However, it is not clear whether Sears will enjoy a second life or whether a second bankruptcy and permanent closure is imminent in the future. The retail cemetery is full of companies such as RadioShack and Gymboree, which have emerged from bankruptcy and then filed a second time in …

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Newsom asks PG & E bankruptcy judge to include customers, employees

SACRAMENTO – Seeking to recast the priorities of PG & E's bankruptcy case, California Gov. In a letter to the federal trustee overseeing the bankruptcy, an attorney for the Newsom administration has urged that "these constituencies have a strong voice from the very "These individual victims should not be left to fend for themselves in a creditor class outnumbered by …

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Fyre Festival Subpoenas: Kendall Jenner, Top Models Filed in Bankruptcy of the Fyre Festival

Over $ 150,000 collected for Fyre Festival caterers Celebrities and top models such as Kendall Jenner, Bella Hadid, Emily Ratajkowski and their missions can be summoned for attending the convicted Fyre Festival . The models and so-called social influencers promoted what had been announced as a VIP music festival on an island in the Bahamas and helped generate Buzz and …

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