News and Trends

From 'Crypto King' to 25 Years of Prison: The Rise and Fall of Sam Bankman-Fried and FTX

On November 2, 2023, SBF was found guilty on seven counts of fraud and money laundering in his first trial

Money & Finance

A 'Trusted' Employee Stole $90,000 From a Company Now on The Brink of Collapse. Here's 1 Simple Thing You Can Do to Avoid a Similar Fate.

An Oregon newspaper learns the hard way why it's so important to require time off for employees.

Business News

SmileDirectClub Customers Speak Out After Company Ends Operations Without Warning

The telehealth orthodontics company filed for Chapter 11 bankruptcy in September.

Business News

Hostess Brands Finds a New Owner in Jam Giant J.M. Smucker in $5.6 Billion Deal

Hostess Brands is known as the maker of Twinkies, Ding Dongs, and other packaged treats.

Business News

You Haven't Seen the Last of Bed Bath & Beyond, Actually — Here's Why

The retailer's products won't be disappearing off shelves just yet.

Business News

Bankrupt Wine Company Owes Millions In Bottles, Customers Left Wondering What Went Wrong and Where the Wine Went

Underground Cellar aimed to revolutionize how wine enthusiasts purchased and stored wine. However, the company's abrupt shutdown has customers seething with questions — and anger — about millions of dollars owed in wine.

Money & Finance

Facing Financial Trouble? Understand the Difference Between Insolvency, Liquidation, Bankruptcy and Administration

Learn the differences between insolvency, liquidation, bankruptcy and administration.

Business News

The Manufacturer of a Staple American Home Brand Might Be Going Out of Business

The company cited "substantial doubt" in its ability to continue operating in a recent SEC filing.

Business News

'Angry and in Shock': Fashion Label Orders Former Sales Reps to Return Commissions in Wake of Bankruptcy

The once upscale NYC-based fashion label went under in 2020. Now, former stylists are being ordered to return commissions earned prior to the company's collapse.

Debt / Loans / Refinancing

How to Rebuild Credit After Bankruptcy

Rebuilding credit after bankruptcy as an entrepreneur can be challenging — but it is not impossible if you know how.

Business News

Bed Bath & Beyond Plans to Raise Over $1 Billion to Pay Debts and Avoid Bankruptcy

An 11th-hour deal could help the retailer avoid bankruptcy.

Business Ideas

Bed, Bath, and Goodbye: Home Goods Company Says It Could Go Bankrupt. And Inventory Is Low.

The popular retail chain is staring down financial failure.

Cryptocurrency / Blockchain

FTX's Sam Bankman-Fried Gave Away His Flawed Decision-Making Philosophy Months Ago. A Behavioral Economist Explains.

In March 2022, FTX's Sam Bankman-Fried revealed his dangerous outlook that could have served as a foreboding sign for the devastation to come.

Business News

Celsius Ex-CEO Withdrew $10 Million Weeks Before Company Froze Customer Accounts

The crypto lender filed for bankruptcy in July — with a $1.2 billion hole in its balance sheet.

Business News

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.