Collection Industry News

OCTOBER 27, 2023

Rite Aid filed for Chapter 11 bankruptcy protection in New Jersey on Sunday and said it would begin restructuring to significantly reduce its debt. The company said it reached a deal with creditors on a restructuring plan that includes evaluating its retail footprint and closing underperforming locations.

Bankruptcy 40

Bankruptcy Retail Acquisition Lender 40

ABI

JANUARY 19, 2024

4] Under the Ground Lease, Debtor was responsible for hiring and paying contractors for developing the retail portion of the George Washington Bridge Bus Station. [5] While the arbitration was pending, Debtor filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code, which resulted in a stay of the arbitration. [7]

Debtor 40

Debtor Bankruptcy Unsecured Creditor Retail 40

Troutman Sanders

DECEMBER 27, 2022

Further, the SEC alleged that during the 2018 initial coin offering of “Thor” tokens, the tokens had no practical use, and the tokens themselves were marketed as an investment vehicle that might rise in value based on Thor’s and the co-founders managerial and entrepreneurial efforts in developing the gig economy software platform.

Financial services 52

Financial services Banks Trade Retail 52