Bankruptcy News

• Want to Escape Debt Traps? Buy These 5 Low-Leverage Stocks
  
  Exorbitant debt financing might result in a corporation's bankruptcy in the worst-case scenario. So, you can may consider buying low-leverage stocks like FELE, SNDR, TER, MOS & SAIA
  Zacks.  Friday, 21 Jan 2022.
• Federal Judge Signs Plan to Resolve Puerto Rico's Bankruptcy in a Record-Setting Move
  
  The plan comes nearly five years after Puerto Rico filed for the largest municipal bankruptcy in U.S. history.
  Entrepreneur.  Wednesday, 19 Jan 2022.
• Utilities Will Beat Inflation In 2022
  
  Crushing debt, soaring fuel costs, blackouts, punitive regulation, massive writeoffs and bankruptcies: US utilities suffered all of the above in the 1970s and 80s, the last time this country faced an environment of rising inflation.
  Forbes.  Wednesday, 19 Jan 2022.
• Judge Approves Deal to Resolve Puerto Rico Bankruptcy
  
  The plan restructures $33 billion in debt nearly five years after Puerto Rico became the first U.S. state or territory to essentially declare bankruptcy.
  New York Times.  Wednesday, 19 Jan 2022.
• Judge signs plan, resolves Puerto Rico bankruptcy battle
  
  SAN JUAN, Puerto Rico (AP) —Puerto Rico’s nearly five-year bankruptcy battle is ending after a federal judge on Tuesday signed a plan that slashes the U.S. ...
  Washington Times.  Tuesday, 18 Jan 2022.
• Cladding victim faces bankruptcy even if her repair bill is paid
  
  Charlotte Meehan said owners of flats in her block in East London were being 'bled dry' by the soaring cost of interim fire safety measures that are in place while they wait for cladding repair works to begin.
  Daily Mail.  Friday, 14 Jan 2022.
• Thomas Cook bosses cleared after two-year Insolvency Service probe into collapse
  
  Former directors of Thomas Cook, one of Britain's biggest travel companies, are to be formally cleared of wrongdoing by the government's bankruptcy watchdog after a probe lasting more than two years.
  Sky News.  Wednesday, 12 Jan 2022.
• Boy Scouts of America falls short in bid to emerge from sex-abuse bankruptcy
  
  A $2.7-billion settlement offer fails to garner enough support from thousands of men who said they were sexually abused in Scouting.
  Los Angeles Times.  Wednesday, 5 Jan 2022.
• EDEN CONFIDENTIAL: Bankrupt Boris Becker starts making money again
  
  EDEN CONFIDENTIAL: Former Wimbledon Champion Boris Becker, pictured, has started making money again having been declared bankrupt in 2017 in London.
  Daily Mail.  Tuesday, 28 Dec 2021.
• United Methodists to Join in Plan for Boy Scouts Bankruptcy
  
  Congregations affiliated with the United Methodist Church have agreed to contribute $30 million to a fund for victims who say they were molested as youngsters in the Boy Scouts of America, an attorney said Tuesday.
  NBC.  Wednesday, Dec 22 2021.
• Senate Republicans warn Biden's massive spending plan could 'bankrupt religious day care'
  
  Senate Republicans Wednesday highlighted provisions in Democrats' massive reconciliation bill that they say will harm religious day care.
  Fox News.  Wednesday, 15 Dec 2021.
• Insurer agrees to $800 million deal in Boy Scouts bankruptcy
  
  Century Indemnity will contribute to fund for victims of child sexual abuse in return for release from liability.
  CBS News.  Tuesday, 14 Dec 2021.
• Twenty years after epic bankruptcy, Enron leaves a complex legacy
  
  Despite the scandal, some argue Enron truly was a pioneer in businesses we take for granted today, from energy trading to streaming video.
  CNBC.  Thursday, 2 Dec 2021.
• Elon Musk responds to rumors of possible SpaceX bankruptcy
  
  This week, an email from Musk leaked warning his employees that a shortage of Raptor engines could cause SpaceX to go bankrupt.
  Entrepreneur.  Wednesday, 1 Dec 2021.
• Elon Musk tells SpaceX employees that Starship engine crisis is creating a 'risk of bankruptcy'
  
  Elon Musk is angry with the lack of progress SpaceX has made in developing the Raptor engines that power its Starship rocket.
  CNBC.  Wednesday, 1 Dec 2021.

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