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Crafts retailer Joann files for Chapter 11 bankruptcy

Fabric and crafts retailer Joan has filed for Chapter 11 bankruptcy protection as consumers continue to cut back on discretionary spending. The Hudson, Ohio-based company said in a release Monday that it expects to emerge from bankruptcy as early as the end of next month. Following this process, Joan will likely be privately owned by […]

Do Kwon's Terraform Labs files for Chapter 11 bankruptcy protection – Cointelegraph

Do Kwon's Terraform Labs, the developer of the now-defunct stablecoin TerraUSD (UST), has filed for bankruptcy protection in the United States. The company filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware, with estimated debts and assets between $100 million and $500 million, according to a January 21 […]

Audacy, Inc., Second-Largest U.S. Radio Broadcaster, Enters Chapter 11

Audacy, Inc., a well-known radio and podcast company, has officially filed for Chapter 11 bankruptcy protection. CNBC report Earlier this week, Audacy, the second-largest radio broadcaster in the United States, announced that it was undergoing a financial restructuring. The move is reportedly aimed at reducing the company's huge debt burden, which currently stands at $1.9 […]