Hospitality company Sonder has officially filed for bankruptcy following the collapse of its partnership with hotel giant Marriott International.

The San Francisco firm, which operated thousands of short-term rental units, including apartment-style and boutique hotel accommodations around the globe, filed for Chapter 7 liquidation proceedings in federal bankruptcy court in Delaware on Friday.

In a legal filing, Sonder listed its estimated assets as between $1 billion and $10 billion and its estimated liabilities as between $1 billion and $10 billion. It said the company has between 5,001 and 10,000 creditors.

Sonder announced its bankruptcy plans on Monday, saying it would immediately wind down its US…

By order of the District Court of Gelderland dated, four companies in the MPS Group have been declared bankrupt. According to the courts in a filing on October 28, 2025, MPS Holding, MPS Systems, MPS Service & Commissioning and MPS Supply Chain have been declared bankrupt.

E.R. Looijen, attorney at Stellicher advocaten N.V., has been appointed as trustee in the bankruptcies. The court imposed a two-month cooling-off period. As a result of the bankruptcies, the trustee is now responsible for safeguarding the company’s assets, assessing the financial situation, and exploring possibilities for a going-concern sale of the assets, in order to preserve the brand, the technology, and the availability of spare parts for existing…

The government continues to offer help to exporters – this time in the form of RBI easing the rules for repayment of debt and credit by exporters. The Reserve Bank of India (RBI) on Friday issued a set of guidelines to help mitigate the impact of trade disruptions on exports arising due to global headwinds. The guidelines will come into force with immediate effect.

The Central bank has increased the maximum credit period for exporters from one year to 450 days for pre-shipment and post-shipment export credit disbursed till March 31, 2026. It has also allowed lenders to liquidate packing credit facilities availed by exporters on or before August 31, 2025, where dispatch of goods could not take place, from any legitimate alternate…

Americans are carrying more than $1.23 trillion in collective credit card debt as of late 2025, at a time when average credit card APRs also hover above 20%. And, as the interest charges are tacked on at today’s rates, the ballooning balances are making it increasingly difficult for a lot of borrowers to keep up with their rising credit card balances. As a result, more borrowers are falling…

A 55-year-old man whose decomposing body was found along Waipio Access Road on Nov. 7 was allegedly shot and killed trying to collect a football gambling debt from his sister’s boyfriend.

The cause of Jonnaven Jo Monalim’s death was multiple gunshot wounds, two to the left side of his torso. The manner of his death was homicide.

Honolulu Police Department officers Wednesday morning arrested Clarence Kaneala Luke Jr., aka “Sugi, ” on suspicion of second-degree murder. Luke’s bail is set at $1 million.

Luke was arrested at about 8 a.m. Wednesday by the department’s Strategic Enforcement Detail, with assistance from District 3’s Crime Reduction Unit, on suspicion of murder and using a firearm in the commission of a felony,…