Former Jay Z associate Damon Dash’s film business auctions off for a low $100 as creditors close in.
Damon Dash’s film production company was auctioned off for a mere $100 on Tuesday as part of efforts to settle a $1 million defamation judgment against him. In what seemed like a last-ditch effort to raise the funds, only one bidder appeared, securing Popington LLC—the company behind Dash’s notable film “Honor Up”—for just $100.50. Mike […]
Burger King franchisee files for bankruptcy after owing $37M to creditors
According to court documents, the owners of 57 Burger King Restaurants filed for bankruptcy and accused them of forcing high labor costs and inflation. Consolidated Burger Holdings, one of Hamburger King’s biggest franchisees, owes nearly $37 million to its creditors and filed for Chapter 11 bankruptcy protection on Monday. They are trying to sell assets […]
Thames Water gets backing from three-quarter of creditors; markets eye US inflation – business live | Business
main events Show only major events Please turn on JavaScript to use this feature thames water The company has been on the brink of collapse since it was described as “uninvestable” in March when shareholders refused to inject more cash. The government is waiting for nationalization through a special administrative regime. The Class A creditor […]
Creditors of bankrupt gym chain Blink Fitness push to upend sale to UK company
After bankrupt gym chain Blink was sold at auction by Planet Fitness, a group of unsecured creditors were trying to derail the sale to a British company, The Post has learned. Planet Fitness, the largest gym chain in the U.S. with more than 2,000 stores, said it had made an 11th-hour bid to buy Blink, […]
Rudy Giuliani agrees to deal to end his bankruptcy case, pay creditors’ financial adviser $400k
Rudy Giuliani has reached a last-minute agreement to exit personal bankruptcy proceedings and pay about $400,000 to financial advisers hired by creditors, avoiding a sweeping investigation into the former New York mayor’s finances that a federal judge had threatened. The agreement was filed Wednesday in federal court in White Plains, New York. This came nearly […]
Cryptocurrencies fall on day 1 of ether ETFs as Mt. Gox moves more bitcoin to creditors – CNBC
People walk past a neon sign advertising a Bitcoin and Ethereum cryptocurrency exchange in Warsaw, Poland, May 19, 2024. Yap Ariens | Nurphoto | Getty Images Bitcoin led the crypto market down on Tuesday, the Ethereum ETF’s first trading day, as investors locked in profits after Mt. Gox sent more bitcoin to creditors and the […]
Rudy Giuliani expended half of bank account for personal expenses despite hounding by creditors
Former New York City Mayor Rudy Giuliani blew through half of his bank account for personal expenses despite creditors pursuing him over millions in debt. Giuliani was ruled to pay $148 million to two Georgia election workers as part of a defamation settlement, resulting in him filing for Chapter 11 bankruptcy in December. Despite his […]
Rudy Giuliani misusing money meant for bankruptcy case to pay salaries of girlfriend, her daughter: creditors
New court documents claim that Rudy Giuliani misused funds set aside for his bankruptcy to pay the salaries of his girlfriend and her daughter. A group of creditors who owe the former New York City mayor more than $150 million are asking a judge to immediately appoint a receiver to manage his estate “to protect […]
Antonio Brown files for bankruptcy, owes creditors $3 million
Antonio Brown is bankrupt. The controversial and mercurial former NFL receiver filed for federal bankruptcy in Florida on Monday, owing about $3 million to eight creditors. According to a report in the Times Union. The former owner of the Albany Empire Arena Football League team won’t be able to pay at least three six-figure civil […]
WeWork rejects Adam Neumann’s $650M bid, reaches bankruptcy deal with creditors
Shared office space provider WeWork on Monday announced a settlement with junior creditors and an infusion of new capital from senior lenders, rejecting a $650 million offer from co-founder and former owner Adam Neumann. proceeded with a bankruptcy transaction. At a hearing in Newark, New Jersey, U.S. Bankruptcy Judge John Sherwood said the New York-based, […]