Bankruptcy

Byju's Bankruptcy Proceedings: How US Courts Are Countered by Indian Officials

3 months ago

Recent events surrounding the Indian educational startup Byju's have drawn global attention. According to American legal sources, courts in the United States have ruled on the bankruptcy of several Byju's subsidiaries. However, this move has faced active opposition from Indian authorities, who are contesting the legality of such a decision.

Hooligan Car Company Files for Bankruptcy Due to Debt

3 months ago

The automotive company Hooligan, known for its unconventional and stylish models, has faced serious financial difficulties and has filed for bankruptcy. The reasons for this setback lie in the scale of debts accumulated by the company over the past few years. Despite ambitious plans for expansion, Hooligan was unable to meet its financial obligations, leading to the necessity of shutting down operations or selling parts of the business to investors.

Bankrupt Firm Diamond Gets Approval to Broadcast NBA and NFL Games

3 months ago

Diamond Sports Group, a company in bankruptcy, has received approval to broadcast games from the National Basketball Association (NBA) and the National Football League (NFL). The firm was forced to seek creditor protection earlier this year; however, it will now continue its broadcasting, marking a crucial step in its recovery process.

Lumio Solar Company Files for Bankruptcy Plans to Sell Assets

3 months ago

Lumio, a notable player in the solar energy sector, has filed for bankruptcy amid ongoing financial struggles. This decision follows a series of challenges the company has faced recently, primarily due to declining demand for solar panels and increasing competition in the market. In their statement, Lumio acknowledged that its long-term prospects are now uncertain.

Rhodium Receives Green Light for Unique Bitcoin-Backed Bankruptcy Loan

3 months ago

The cryptocurrency company Rhodium has gained approval for an innovative loan secured by Bitcoin as part of its bankruptcy process. This move has been made possible by Rhodium's agreement with several creditors who have consented to the issuance of such loans. The uniqueness of this deal lies in the use of Bitcoin as collateral, allowing the company to stand out amid traditional financing methods typically employed in such cases.