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.

Starting a Business

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 News

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.

Business News

Sears Announces It's Shutting Last Store in Home State of Illinois

The store, located in Woodfield Mall, is scheduled to shut its doors on Nov. 14.

News and Trends

OYO Dragged To NCLT, Startup Appeals Against Proceeding

The Ahmedabad bench of the tribunal admitted the insolvency plea on March 30, 2021 filed by OYO's creditor Rakhesh Yadav contending that OHHPL has defaulted on an amount of INR 16 lakh

Growing a Business

Is Now the Time to Sell Your Business?

Heed these signals, says M&A advisor Michelle Seiler Tucker

Business News

Friendly's Parent Files for Bankruptcy, But Restaurants to Remain Open

Economic conditions force yet another familiar chain to reorder finances and sell its assets.

Business News

Mega-Mall Operator CBL the Latest to File for Bankruptcy

The retail nightmare of 2020 continues.