FTX and its affiliates filed for bankruptcy in Delaware on November 11 in one of the highest-profile crypto blowups, leaving an estimated 1 million customers and other investors facing total losses in the billions of dollars.
About 8,761 people "died by suicide due to unemployment, bankruptcy or indebtedness in the year 2020," junior home minister Nityanand Rai informs Parliament.
National Rifle Association files for bankruptcy protection from creditors and says it's moving to Texas, in an apparent bid to dodge a corruption investigation in New York.
Switzerland's tourism industry federation GastroSuisse warns new Covid-19 curbs without significant government support could see around half of hospitality businesses go belly-up by March-end.
Barneys, an icon of America's luxury clothing world for decades reached the deal for a financial lifeline.
The embattled governing body continues to grapple with the aftermath of the Larry Nassar sex abuse scandal.
Nine West Holdings Inc has filed an amended Chapter 11 bankruptcy plan that will reduce its pre-bankruptcy debt obligations and could provide cash recovery to stakeholders.
Lawyers for Becker, a three-time Wimbledon champion, lodged a claim in the UK's High Court asserting immunity after he was appointed a sports attache for the Central African Republic in April.
Millions of dollars due in payments to the suppliers are at risk as the iconic toy maker speeds toward US liquidation. The retailer's difficult financial position has also put more than 3000 jobs at risk in the UK.
The investors pulled out of the deal after discovering tens of millions of dollars in undisclosed debt. The Weistein Company says it will continue to pursue an orderly bankruptcy process to maximise its value.
The private toy retailer had previously said it was working with investment bank Lazard Ltd to help address its approximately $5 billion in debt.
Mark Karpeles, the chief executive of a now-defunct bitcoin exchange, has been charged with embezzlement and data manipulation that prosecutors claim caused the loss of about $500M.
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