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#Bankruptcies

markerzone.com

ROBIN LEHNER APPEALS BANKRUPTCY RULING WITH DOCUMENT CONTAINING FOUR MAIN POINTS

Vegas Golden Knights goaltender Robin Lehner, who isn't playing this season due to an injury, has decided to officially appeal a ruling in Sweden that declared him bankrupt after he failed to pay a debt owed by an organization that he guaranteed a loan for. In a document filed by his lawyer, Lehner asks for the bankruptcy ruling to be overturned on four main points:
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CNBC

Just 8% of Americans have a positive view of cryptocurrencies now, CNBC survey finds

Eight percent of the American public have a positive view of cryptocurrencies, down from 19% in March, according to the latest CNBC All-America Economic Survey. Americans with a negative view of cryptocurrencies jumped to 43%, up from 25% in March, the survey showed. The All-America Economic survey was conducted Nov....
CoinTelegraph

Taylor Swift had a $100M FTX sponsorship deal fall apart prior to its bankruptcy: Report

Pop star Taylor Swift reportedly could have been one of the faces of failed crypto exchange FTX had talks over a $100-million deal not ended prematurely. According to a Dec. 7 report from the Financial Times, FTX was in the late stages of negotiating a sponsorship deal with Swift months before its liquidity crisis and bankruptcy. Talks over paying Swift $100 million to be one of the celebrity faces of the exchange reportedly fell apart on FTX’s end, due to concerns the deal did not offer much of a return.
CoinTelegraph

Zodia Custody launches service to protect users’ crypto from exchange insolvency

Crypto asset provider Zodia Custody has launched a new service to help protect its clients from exchange insolvency. According to the company, its new service, Interchange, will provide an alternative to the pre-funding and margin models of exchanges. The service is set to allow users to keep their assets with Zodia Custody while mirroring holdings in exchanges, thereby protecting clients’ digital assets in the event that an exchange becomes insolvent.
denver7.com

Federal government making it easier to include student loans in bankruptcies

Bankruptcy is becoming an option for more people who are dealing with student loan debt. The Biden administration recently announced changes that would make it easier to discharge these loans in bankruptcy. The changes set specific requirements for you to prove you're dealing with economic distress. The government will consider...
planetcirculate.com

Carvana shares tank as bankruptcy concerns grow for used car retailer

The pact, as first reported by Bloomberg, includes creditors such as Apollo Global Management Inc. and Pacific Investment Management Co. that hold around $4 billion of Carvana’s unsecured debt, or around 70% of the total outstanding. The agreement will last at least three months. Such creditor agreements are viewed...
kfgo.com

U.S. court weighs novel issue of crypto ownership in bankruptcy

WILMINGTON, Del. (Reuters) – A U.S. judge this week is considering for the first time the question of who owns bitcoin and other tokens in frozen accounts at a bankrupt digital asset exchange in a case that could shape customer protections in the cryptocurrency industry. U.S. Bankruptcy Judge Martin...
NEW YORK CITY, NY
Forbes

Carvana Stock Plunges 33% As Bankruptcy Risk Rises, Says Wedbush

These are dark days for used car vendor Carvana. As I wrote last month, Carvana stock traded 98% below its high in early November as Morgan Stanley said it could drop to $1. Today, Carvana shares are down 33% after a Bloomberg report that creditors who control about 70% of Carvana’s unsecured debt agreed for the next three months to act together in negotiations. This deal prompted Wedbush to set a $1 price target for Carvana — citing rising bankruptcy risks at Carvana.
SILive.com

Juul reaches settlements covering thousands of lawsuits

Embattled vaping company Juul Labs has reached settlements covering thousands of lawsuits over its e-cigarettes, which in recent years became a scourge in schools and communities nationwide. Financial terms of the settlement were not disclosed, but Juul said that it has secured an equity investment to fund it. Buffeted by...
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