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Category Archives: Bankruptcy

Sonder hotel guests get booted after the company quickly sets bankruptcy plans

BankruptcyBy EditorNovember 11, 2025

Lemon_tm Sonder Holdings (SOND) announced that it will complete winding down operations immediately and expects to initiate a Chapter 7 liquidation of its U.S. business. The hotel operator also intends to initiate insolvency proceedings in the international countries in which it operates. Read the original article here

Paytm files insolvency plea against WinZO in NCLT over ₹3.6 crore advertising dues

BankruptcyBy EditorNovember 11, 2025

The National Company Law Tribunal (NCLT) on Tuesday (November 11) issued a notice to online gaming platform WinZO following an insolvency plea filed by Paytm’s parent company, One97 Communications Ltd, which claimed unpaid dues of around ₹3.6 crore for advertising services. The matter was heard by a Bench comprising Justice Jyotsna Sharma (Judicial Member) and…

NCLT Issues Notice On Paytm’s Insolvency Plea Against WinZO Amid Online Gaming Ban – BW Legal World

BankruptcyBy EditorNovember 11, 2025

NCLT Issues Notice On Paytm’s Insolvency Plea Against WinZO Amid Online Gaming Ban  BW Legal World Read the original article here

Court declares telecom Oi bankrupt and shares plummet | Business

BankruptcyBy EditorNovember 11, 2025

Nine years after its first request for court protection, Oi has been declared bankrupt by a Rio de Janeiro court. In her ruling, Judge Simone Gastesi Chevrand, of the 7th Business Court of Rio de Janeiro— where the company’s restructuring case is being handled—ordered the suspension of all lawsuits and enforcement actions against the telecom…

Sonder to file for bankruptcy. Travelers told to leave hotels next day

BankruptcyBy EditorNovember 11, 2025

Short-term rentals company Sonder on Monday said it plans to file for bankruptcy, a day after Marriott International said a licensing agreement between the two companies had ended. The deal, signed in August 2024, allowed Sonder hotels to be booked via Marriott’s Bonvoy website and was widely considered a lifeline for the San Francisco-based company,…

Brittany Higgins’ bankruptcy order delayed by court technicality

BankruptcyBy EditorNovember 11, 2025

A decision on whether Brittany Higgins will be declared bankrupt has been delayed due to a court technicality. Higgins and her husband, David Sharaz, have been ordered to pay Higgins’ former boss, former Liberal senator Linda Reynolds, upwards of $341,000 in damages and likely more than $1 million in legal costs after her defamation action…

Brittany Higgins’ bankruptcy order delayed by court technicality

BankruptcyBy EditorNovember 11, 2025

A decision on whether Brittany Higgins will be declared bankrupt has been delayed due to a court technicality. Higgins and her husband, David Sharaz, have been ordered to pay Higgins’ former boss, former Liberal senator Linda Reynolds, upwards of $341,000 in damages and likely more than $1 million in legal costs after her defamation action…

Sonder goes bankrupt, blames Marriott International deal – Proactive financial news

BankruptcyBy EditorNovember 11, 2025

Sonder goes bankrupt, blames Marriott International deal  Proactive financial news Read the original article here

Bid to have Brittany Higgins declared bankrupt stalls – The Queenslander

BankruptcyBy EditorNovember 11, 2025

Aaron Bunch | November 11, 2025 Linda Reynolds wants to know what Brittany Higgins did with her $2.4 million compensation payout. A former senator’s bid to discover where Brittany Higgins’ $2.4 million compensation payout went following their bruising defamation battle has been frustrated by a bankruptcy paperwork glitch. Ex-Liberal senator Linda Reynolds successfully sued Ms…

StrongRoom founder fronts court to explain start-up’s disastrous deal

BankruptcyBy EditorNovember 11, 2025

The former chief executive of StrongRoom AI has told a court that he knew his company was at risk of insolvency after making an acquisition that it could not afford without new funding but pushed it through anyway. Max Mito ran the pharmacy software platform before it collapsed because of alleged fraud, having founded it…

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