Twelve more trucking companies filed for Chapter 11 bankruptcy in October, highlighting the embattled transportation finance sector. These freight carriers filed for Chapter 11 last month, according to U.S. Bankruptcy Court documents obtained by Equipment Finance News: G1 Transport filed Oct. 3 in the Northern District of Georgia; GEC Transport Solutions filed Oct. 6 in the Southern District of Texas; Hadnot Logistics filed…
‘I don’t know what to do.’ I’m 72 with a minimum wage job – but still helping my daughter financially and have $70K in debt. Who can help? MarketWatch Read the original article here
Faarea Masud,Business reporter and Danielle Kaye,Business reporter Getty Images Guests across the world have been told to leave their accommodation mid-holiday after property rentals firm Sonder suddenly went bankrupt. The collapse came after hotel chain Marriott terminated its leasing agreement with Sonder, a year after the partnership had been established. It allowed Sonder rooms to…
BINGHAMTON, N.Y. (WBNG) — An Episcopal church in Binghamton is helping families get a fresh start by forgiving more than a million dollars in medical debt. Christ Church is partnering with UnDue Medical Debt to purchase $1.5 million in debt. The organization acquires debt, often for pennies on the dollar, and then uses donation money…
Korean banks expand corporate restructuring candidates as insolvency risks rise – CHOSUNBIZ Chosun Biz Read the original article here
Dr Ranjan Pai-led Manipal Education and Medical Group India Pvt Ltd (MEMG India) has formally submitted an Expression of Interest (EOI) to participate in the Corporate Insolvency Resolution Process (CIRP) of Think & Learn Pvt Ltd, the parent company of Byju’s. According to documents filed with the Resolution Professional (RP), MEMG India has sought to…
Sonder, a global short-term rentals company, suddenly collapsed over the weekend after its bookings partnership with Marriott ended, leaving guests worldwide without accommodation on short notice. A Sonder customer in Montreal, where the company was founded, told CNN that they received an email on Sunday afternoon informing them that they needed to vacate by the…
German court rejects shareholders’ bid for more of Wirecard insolvency spoils Reuters Read the original article here
Another travel company to liquidate, all trips canceled TheStreet Read the original article here
The Board of Directors for Aimco has decided to sell the REIT’s remaining assets, concluding its strategic review process. In January 2025, Denver-based Aimco’s board of directors decided to explore alternatives to “unlock and maximize shareholder value,” which included a potential sale of the REIT as a whole or a disposition of major components of…