SmileDirectClub shuts down months after filing for bankruptcy protection
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 – Local Nashville News | The Nashville Business Journal
In Yellow bankruptcy, pension fund, governments and other unsecured creditors could come up short
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 probably will be “in the billions.”
Nashville Business News – Local Nashville News | The Nashville Business Journal
Yellow is starting mass layoffs and preparing to file bankruptcy soon, employees say
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 for comment.
Nashville Business News – Local Nashville News | The Nashville Business Journal
Teamsters balk at new concessions as Nashville-based Yellow Corp. tries to avoid bankruptcy
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 enough.
Nashville Business News – Local Nashville News | The Nashville Business Journal
Bed Bath & Beyond bankruptcy, store closures to impact Nashville real estate
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 — and one that will open some valuable Nashville-area real estate.
Nashville Business News – Local Nashville News | The Nashville Business Journal
Elon Musk says Twitter is ‘trending to breakeven’ after near bankruptcy
Elon Musk tweeted Sunday that the last few months have been “extremely tough,” but said that Twitter is “now trending to break even.”
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FTX lawyer calls this case ‘a different sort of animal’ in first bankruptcy hearing
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.
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JC Penney is planning to file for bankruptcy in the next day, sources say
J.C. Penney’s advisors are currently working on a bankruptcy filing that could come late Thursday night or early Friday morning.
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