Debt Consolidation Vs. Bankruptcy
Bankruptcy and debt consolidation are both debt relief options, but they differ in how they help borrowers and who they're for.
Source: businessinsider.com
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Bitwise files for a Chapter 7 liquidation bankruptcy
Bitwise Industries has filed for Chapter 7 bankruptcy, also known as liquidation bankruptcy.
Source: abc30.com
Chapter 7 and Chapter 11 Bankruptcy Alert for May 21, 2023
Business bankruptcy filings in Massachusetts, Maine, New Hampshire, and Rhode Island, and Chapter 11 bankruptcy filings in New York and Delaware listing assets of more than $1 million include Carrot Creative LLC, Refinery 29 Inc., Vice Media LLC, VTV Productions, and Villain LLC.
Source: natlawreview.com
Chaos, alleged fraud and $25 million debt at an S.F. wine startup
San Francisco wine startup Underground Cellar had $20 million in revenue last year. Now, it's facing bankruptcy, $25 million in debt and alleged fraud.
Source: sfchronicle.com
Bankruptcy filings stuck below pre-pandemic levels
Bankruptcy filings nationwide remain sharply lower than before the start of the coronavirus pandemic, despite a slight rise in new cases for the 12-month period ending March 31, according to a new report from the U.S. judiciary. Statistics released by the Administrative Office of the U.S. Courts on May 5 show total filings rose 2.0
Source: masslawyersweekly.com