TokenPost topic
Bankruptcy
27 TokenPost stories are tagged Bankruptcy. The newest appear first.
Latest Bankruptcy stories
- ESS Tech Files for Chapter 7, Ceases Operations After Review
The company’s shares were delisted from the New York Stock Exchange in early October, later traded over the counter as GWHT and closed at $0.07 Friday.
· Business
- Wendy’s Offers $46 Million for 163 Meritage Restaurants in Bankruptcy
Meritage is among Wendy’s largest franchisees and was a recent plaintiff in a lawsuit against the chain.
· Business
- FTX Bankruptcy Estate Paid $948 Million in Fees by Jan. 2, 2025
Sullivan & Cromwell received about $249 million and Alvarez & Marsal about $306 million. The trust recorded $85 million in operating expenses in the first quarter of 2026.
· Regulation
- PSB Seeks Bankruptcy of BitRiver Founder Over Claim of About 773 Million Rubles
The bank says Runets guaranteed a BitRiver-B loan that the company failed to repay on schedule.
· Regulation
- Nine Energy Service, Inc. Posts $5.1 Million Third-Quarter Loss
Revenue was $142.0 million, little changed from the second quarter. Nine expects modestly better profitability in the fourth quarter.
· Business
- The Children’s Place Is Preparing to Seek Bankruptcy Protection
The retailer faces mounting debt and declining traffic as it prepares to seek bankruptcy protection.
· Business
- FTX Allowed-Claim Holders May Forfeit Claim-Linked Payouts After Six Months
Six calendar months from the July 31, 2026, distribution date falls on Jan. 31, 2027. The July payment had a separate June 16 record-date cutoff.
· Regulation
- Court Approves Poolin-Linked Texas Mining Sale for Up to About $180 Million
The terms include $100 million at closing and up to $80 million tied to later milestones. A proposed Dec. 31, 2026, claim deadline is set for consideration at a Nov. 10 hearing.
· Regulation
- FTX’s Former Anthropic Stake Would Reach $117.6 Billion at $1.5 Trillion
The bankruptcy estate received about $1.3 billion from its 2024 sale. The hypothetical estimate excludes dilution from later funding rounds.
· Business
- Disney Offers Jobs to Most Character.AI Workers as Part of Bankruptcy Bid
The offers cover at least 60 employees and carry an estimated $60 million in annual compensation. Most workers who received them accepted.
· Business
- OpenAI Bankruptcy Contracts Show 7.5% Odds for 2028 and 21.5% for 2030
An Oct. 18 snapshot listed odds of 16.5% for the contract dated Jan. 1, 2029.
· Investing
- New Federal Loan Caps Prompt Bankruptcy Warning for Graduate Borrowers
The limits began in July 2026, while the latest national bankruptcy totals cover periods before they took effect.
· Regulation
- Character.AI Data Protections Remain Unresolved in Bankruptcy Sale
A coalition of 40 state attorneys general is asking a bankruptcy court to require safeguards for consumer information in any sale or transfer. The request does not determine whether user chats will transfer.
· Business
- Character.ai Files For Chapter 11 Bankruptcy Amid Costs, Litigation
The AI companion platform plans to keep operating during a court-supervised sale, while Disney has agreed to bid $20 million for selected intellectual property.
· Business
- Character.AI Files for Chapter 11 as Disney Bids for Partial Assets
Disney offered $20 million for selected intellectual property rights, but not the entire platform. Character.AI could shut down if no buyer agrees to continue operating it.
· Business
- Character.AI Files Chapter 11 With Proposed $20 Million Disney Sale
The court-supervised process covers selected assets and intellectual property licenses, while the platform is expected to continue operating.
· Business
- Character Technologies Files Chapter 11, Plans to Keep Platform Online
The company filed in the U.S. Bankruptcy Court for the District of Delaware and intends to continue operating its platform during a sale process.
· Business
- U.S. Bankruptcy Filings Rise 11% Through First Nine Months of 2026
Individual filings rose 7%, while commercial filings increased at a similar rate. Total filings remained below 2019 levels.
· Business
- Celsius Former CEO Faces Permanent Ban and Up to $35 Million Payment
The settlement resolves New York allegations involving investor fraud and bars Alex Mashinsky from securities, commodities and crypto activity.
· Regulation
- Lawmakers Challenge Google’s $10 Million Bid for Spirit Data
The proposed sale includes workplace communications and employment records. A bankruptcy court is scheduled to consider approval Oct. 14 at 11 a.m. ET (15:00 UTC).
· Regulation
- Chainalysis Must Defend One Claim in Celsius Audit Lawsuit
A judge dismissed 12 claims with prejudice and gave plaintiffs until Oct. 20 to amend three consumer-protection claims.
· Regulation
- Hut 8’s Poolin Texas Bitcoin Assets Return to Auction at $180 Million
A New Jersey bankruptcy court reopened bidding after negotiations failed, with Hut 8’s affiliate retaining stalking-horse status and a public auction set for Oct. 2.
· Business
- New Jersey Court Approves Oct. 2 Auction of Poolin’s Texas Assets
A Hut 8-affiliated company will remain the stalking-horse bidder, with total consideration potentially reaching $180 million.
· Regulation
- Hut 8 Wins $140 Million Bid for Poolin’s Texas Data Centers
The bid covers Poolin’s Pyote and Tarbush sites and is about 2.7 times the stalking-horse offer that opened the auction.
· Business
- FTX to Distribute $900 Million to Creditors as Repayments Continue
FTX will begin distributing $900 million to creditors on July 31 as repayments progress alongside ongoing U.S. policy debates and growing institutional crypto adoption.
· Business
- FTX to Distribute $900 Million to Creditors in July 31 Payout Round
FTX will distribute roughly $900 million to creditors starting July 31 as part of its ongoing bankruptcy recovery, with markets watching potential liquidity impacts from the payouts.
· Business
- Crypto Markets Face Pressure as Goliath Ventures Files Bankruptcy and Brazil Tightens Rules
Crypto markets weaken amid Goliath Ventures’ bankruptcy, Brazil’s stricter asset seizure law, and continued soft U.S. Bitcoin demand signals.
· Insights & Views