Bankruptcy

Less than a year after his release from prison, the former owner of a New York insurance agency has filed for bankruptcy. Among the creditors are defrauded insurance companies, tax authorities, and banks.

The furniture manufacturer, which employs hundreds of workers, has filed for creditor protection under Chapter 11. Despite market concerns, the company has received legal approval to continue paying employee salaries and benefits.

A bankruptcy hearing for contractor Gilad Rubinsky turned into a confrontation with dozens of angry customers and former employees. Allegations suggest that funds collected for unperformed work were spent on gambling.

Get Fresh Estonia has encountered a severe financial crisis and filed for insolvency. CEO Andero Keronen admitted: "We realized that our situation is worse than we thought."

Both paths are designed to deal with obligations that cannot be paid as scheduled. A lawyer explains when it is worth reaching an arrangement and when an insolvency proceeding might be more appropriate.

Noble Supply & Logistics, a leading supplier to the US government, has filed for bankruptcy protection. The company faced severe difficulties after a major Department of Defense contract was abruptly shortened, leaving it with $100 million in stranded inventory.

Former employees have petitioned the court to liquidate the agro-tech company Vertical Field, controlled by the Mirilashvili family. Simultaneously, a legal battle is ongoing regarding a $1.5 million loan, with the debt now reaching approximately 7 million shekels.

The Commercial Court of Rio de Janeiro has ruled that the Mangius Group (Refit), a leading Brazilian oil refining and fuel distribution firm, will enter full bankruptcy proceedings after its judicial recovery process was terminated.

No Bull Mattress has filed for creditor protection due to a sharp drop in revenue, inflation, and competition from online brands. An analysis of the debts and market figures behind the industry crisis.

After four decades, Hollywood legend Phil Tippett is closing his California studio following a bankruptcy process. Rare collectibles were sold at a massive liquidation event, but the Oscars remain with him: "I will die with the sword in my hand."

Biomedical company BioXcel has filed for bankruptcy protection. Pharma giant Teva is serving as the stalking horse bidder in the auction, on the way to a potential acquisition of revolutionary AI-based drugs.

The end of a drama lasting more than a decade: a court in Brazil has finally approved the bankruptcy of telecom giant Oi and rejected the banks' appeals. Despite the collapse, the company will continue to operate temporarily to prevent the shutdown of essential services; initial liquidation procedures have begun.

The Tel Aviv District Court has appointed Adv. Gil Oren as the settlement manager for Papaya Gaming and granted a temporary stay of proceedings. The judge emphasized that the debt settlement plan for the $718 million liability must include owner contributions and potential investor involvement.

Despite growth in the industry, a wave of collapses is hitting sleep retailers in the US. Now, the low-cost chain No Bull Mattress is joining Chapter 11 proceedings after accumulating debts of about $2.8 million.

During insolvency proceedings, a debtor inherited a share of an apartment that was at risk of forfeiture. Through a court-approved creditors' arrangement, he successfully redeemed his rights to the property.

The British company Welink, operator of Portugal's largest solar power plant, has entered insolvency proceedings. The collapse follows a decline in electricity prices, severe malfunctions, and a 143 million euro lawsuit from a Chinese contractor.

The renowned landscaping company Ameri-Pride, operating for 35 years in Florida, has filed for bankruptcy protection following massive debts of up to $10 million.

A rare rehabilitation plan has been approved for a person who accumulated a massive debt and entered insolvency proceedings. The court in Rishon LeZion accepted the agreement of the parties, and the debt will be closed within two years.

Louis Wai-Hung lost all his assets during the financial crisis and declared bankruptcy in 1999. After building an agriculture and food empire in Malaysia, he presents his new complex, addresses rumors about his net worth with humor, and discusses his recovery from a stroke.

Despite the recovery of the men's fashion market since COVID, the "Peter Manning New York" fashion chain was forced to file for bankruptcy following a massive lawsuit by a supplier over unpaid invoices.

The court in Guangzhou accepted the request of the local commercial bank to initiate bankruptcy and liquidation proceedings against the real estate arm of the Evergrande Group. The dramatic decision comes just one day after the company's founder was sentenced to life imprisonment.

The company "BBX Baby Kids Textile", which operated two massive factories and exported to 24 countries around the world, is finally collapsing. A court in Turkey ordered the liquidation of the company after a stay of proceedings period failed to save it from a debt crisis.

The Fireman Hospitality group, operator of iconic Manhattan restaurants, has filed for bankruptcy protection. This marks the largest crisis in New York City's restaurant industry since 2020.

Garden County Health Services in the USA has filed for bankruptcy following financial difficulties. CEO Sam Pennington reassured that medical services will continue without interruption.

Creditors have taken control of MBS Group, a major supplier of production equipment for Hollywood studios, following its insolvency. The collapse highlights the ongoing impact of budget cuts across the entertainment industry.

Branches of the "Taïm" chain in New York have closed in recent days after state tax authorities issued a series of orders against its owners due to accumulated debts totaling $1.35 million. On social media, BDS activists were quick to attribute the closure to the boycott campaign, calling it "proof" that the boycott works. In reality, it is a business and legal dispute between the previous and...

The Mexican company Braskem Idesa, which operates in the USA, has filed for bankruptcy (Chapter 11) and will reduce its massive debt from $2.5 billion to $1.6 billion.

Google has won a tender to acquire the internal data of the American airline Spirit for $10 million. The tech giant intends to use this massive dataset to train its AI models.

A South Florida yacht and boat dealer joins the industry's wave of bankruptcies. With 2.6 million dollars in debt, a sharp drop in revenue, and pending litigation, the firm has filed for creditor protection.

With massive debts of 17.3 billion reais, enormous losses, the closure of about 300 branches, and the firing of thousands of employees - retail giant Casas Bahia has reached the red line | All the details on the collapse shaking Brazil

The company Perot HaMoshav Ben Yosef has filed for a stay of proceedings after accumulating debts of approximately 7.3 million shekels. Operations have ceased and about 80 employees have been fired, following losses, the spoilage of 11 fruit containers, and legal disputes.

Rebel Creamery has filed for bankruptcy protection after being ordered to pay $23.785 million to competitor Van Leeuwen for copying its packaging design.

Despite record industry revenues, increasing competition and heavy debts are leading to the collapse of US casino operators. Imperial Pacific International is heading for final liquidation after accumulating debts of approximately $141.6 million.

The popular American ice cream brand "Rebel Creamery" has filed for creditor protection after a court ruled that it copied the product design of the "Van Leeuwen" company. All the details on the legal dispute that ended in collapse.

The "Luna Rosa" restaurant in Texas has filed for Chapter 11 bankruptcy amid lawsuits and controversial debts. Despite the financial turmoil, the management clarifies: the branch will continue to operate as usual during the reorganization process.

Massive debts of $16.3 billion threaten the collapse of the American cable giant Optimum (formerly Altice). Following an S&P credit rating downgrade, experts are forecasting a potential bankruptcy filing within the year.

An Ace Hardware network franchisee in the United States has filed for bankruptcy protection amid intense market competition. We examine the reasons behind the debt crisis and the future of the affected stores.

Her company owes about $3 million to creditors, luxury inventory is facing destruction, and only about 14,000 shekels remain in the coffers. Yet, the supermodel was caught spending a sunny day with her daughter on a luxury yacht that costs thousands of shekels a day. Were the debts left on the shore?

The veteran restaurant chain "Fireman Group" has filed for bankruptcy protection in a New York court. The group has accumulated over $39 million in debt.

The Russian airline Transaero, which ceased flights in 2015 and accumulated debts of over 1.1 billion euros, remains in insolvency proceedings. The liquidation process has been extended until September 13, 2026.

The American investment fund, which tried to take over football clubs and airlines, has turned to the bankruptcy court in the United States after years of debt, sales, and allegations of fraud.

The "Chenoys" restaurant in Montreal, which operated for decades and was known for its smoked meat sandwiches, has closed due to debts of over one million dollars. The court rejected the request to cancel the liquidation: "The company was clearly insolvent."

Trustees of the collapsed summer camp company Cimed have reached agreements to sell its assets, potentially allowing for full debt repayment to Israeli investors. Funds like Clearmark and Brosh, which purchased bonds after the collapse, expect significant returns from the realization of hidden value.

The annual report on insolvency proceedings points to a slight decrease in active insolvency proceedings for individuals and corporations, and a slight increase in individual and creditor requests for the opening of proceedings. The report also highlights data on the age of debtors.

A sharp decline in boat sales and mounting debt have led the well-known Florida-based FB Marine Group to file for bankruptcy. The retailer, whose vessels have featured in international ad campaigns, reports debts of $2.6 million.

The Federal Bankruptcy Court in Delaware has granted Papaya Gaming's request for temporary relief. The ruling stays collection proceedings against the company's U.S. assets pending a Chapter 15 recognition hearing.

American restaurateur Nick Pihakis has filed for personal bankruptcy, involving assets worth $10.6 million against massive debts. Dozens of restaurants owned by his group have already closed, and the future of the brands remains unclear.

Yuval Rafael, founder of YallaRent, opened apartments for evacuees on October 7, but a dispute over offsets with the state and excessive leverage led to the company's collapse with debts of 50 million shekels: "I don't believe I reached this situation."

Renowned American businessman Nick Pihakis has filed for personal bankruptcy in federal court after a series of lawsuits, liens, and the closure of dozens of branches of his restaurant empire led to an unprecedented financial collapse.

The company Momo Global Marketing and Distribution (MAGASHA) has filed for bankruptcy due to debts exceeding 20 million shekels. The crisis is attributed to stricter US immigration policies and broader economic challenges.