All the updated news related to chapter 11

All the news related to chapter 11 updated in real time

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Embattled crypto exchange FTX files for bankruptcy

Embattled cryptocurrency exchange FTX, short billions of dollars, is seeking bankruptcy protection following its collapse this week. FTX Trading said in a press release on Friday that CEO and founder Sam Bankman-Fried has resigned. FTX also said Mr ...

11 Nov 2022 at 17:24

City

Cineworld considering bankruptcy but ‘no significant impact’ on jobs

Bosses at Cineworld are considering whether to put the world’s second largest cinema chain into bankruptcy. They confirmed on Monday that they are looking at options for restructuring the business, which is struggling under heavy debts. This might ...

22 Aug 2022 at 10:19

City

Richard Branson’s Virgin Orbit files for bankruptcy

Sir Richard Branson’s satellite launch company Virgin Orbit has filed for bankruptcy protection in the US after failing to secure rescue funding. It comes after a Virgin Orbit rocket failed to complete the first satellite launch from UK soil in ...

04 Apr 2023 at 12:05

City

WeWork files for bankruptcy in the US

Office sharing company WeWork has filed for Chapter 11 bankruptcy protection in the US after struggling with a huge debt pile and mammoth losses. The US-listed firm said in a statement overnight that it had entered into a restructuring support ...

07 Nov 2023 at 11:51

City

Cineworld shareholders set to be wiped out as firm expects to exit bankruptcy

Cineworld hopes to be back from bankruptcy protection before the middle of the year, but the debt-ridden business expects any deal with its creditors will wipe out its shareholders. The world’s second-largest cinema chain said Friday that it ...

24 Feb 2023 at 08:25

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