News from Nashville & around the world
SmileDirectClub is shutting down two months after filing for Chapter 11 bankruptcy protection. The Nashville-based health care company announced Friday that it had decided to “wind down its global operations, effective immediately.” Nashville Business News…
Once the bankrupt trucking company satisfies three big debts totaling about $ 1.2 billion, the remaining unsecured creditors will face real challenges being made whole. This includes the pension fund for union workers: Its claim…
Based on provided tips and posts to Reddit, it appears that Yellow is laying off the bulk of its non-union employees and preparing for an imminent bankruptcy filing. Company officials have not responded to requests…
With a massive debt problem hanging over it, Nashville-based Yellow Corp. says that to avoid bankruptcy it needs additional concessions from International Brotherhood of Teamsters workers. But the union says its members already have given…
After months of upheaval, Bed Bath & Beyond Inc. has filed for bankruptcy. The decision is a low point for a home goods retailer that has been around for more than half a century —…
Elon Musk tweeted Sunday that the last few months have been “extremely tough,” but said that Twitter is “now trending to break even.” U.S. News
In the first day of the bankruptcy hearing for collapsed crypto exchange FTX, lawyers for the company were able to get the proceedings moved to Delaware. International: Top News And Analysis
J.C. Penney’s advisors are currently working on a bankruptcy filing that could come late Thursday night or early Friday morning. U.S. News