Latest in Struggling Debt Bankruptcy
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Struggling With Debt? Bankruptcy Can Provide a Second Chance.
Many people who should consider filing for bankruptcy avoid doing so out of shame or fear it could ruin their credit. But it can provide much-needed relief.Business - The New York Times - 5 days ago -
Intrum seeks U.S. bankruptcy protection to restructure $4.7 billion net debt
Intrum, Europe's biggest debt collector, said on Friday it will file for voluntary Chapter 11 bankruptcy protection in the United States as it seeks to restructure its own finances. The company ...Sports - Yahoo Sports - October 18 -
TGI Fridays Nears Bankruptcy Filing
The casual-dining stalwart has dealt with slowing sales. A deal to purchase the company fell through earlier this year.Business - The Wall Street Journal - October 31 -
The Onion to acquire Infowars out of bankruptcy
Satirical website wins auction for media business controlled by conspiracy theorist Alex JonesBusiness - Financial Times - 45 minutes ago -
Florida medical device maker Exactech declares bankruptcy
Exactech faces more than 2,000 lawsuits alleging it sold defective knee and hip implants.Top stories - CBS News - October 29 -
How will filing for bankruptcy impact my credit score?
Bankruptcy can help you wipe the financial slate clean — but it can also do some serious damage to your credit.Top stories - CBS News - October 31 -
Judge Clears Path for Tupperware Brands to Exit Bankruptcy
The decision allows for the sale of Tupperware Brands to a group of lenders.Business - Inc. - October 31 -
TGI Fridays Files for Chapter 11 Bankruptcy
The company filed for Chapter 11 bankruptcy protection on Saturday but said its restaurants would remain open while it works on a “restructuring process.”Business - The New York Times - November 2 -
No joke: The Onion wins bankruptcy auction for Alex Jones' Infowars
The Onion, the satirical news company that repeatedly spoofed conspiracy theorist Alex Jones, has won the bankruptcy auction for control over his media empire — most notably Infowars, the ...Top stories - NBC News - 13 minutes ago -
The Onion Buys Alex Jones’s Infowars Out of Bankruptcy
The satirical news site planned to turn Infowars into a parody of itself, mocking “weird internet personalities” who peddle conspiracy theories and health supplements.Business - The New York Times - 2 hours ago -
The Onion buys Alex Jones' Infowars at bankruptcy auction
Satirical publication The Onion, with the support of Sandy Hook families, purchased the bankrupt site of conspiracy theorist Alex Jones.Top stories - CBS News - 44 minutes ago -
The Onion Buys Alex Jones’s Infowars Out of Bankruptcy
The satirical news site planned to turn Infowars into a parody of itself, mocking “weird internet personalities” who peddle conspiracy theories and health supplements.Top stories - The New York Times - 1 hour ago -
What debt types does debt consolidation cover?
Debt consolidation can be a smart way to cut down on interest charges — but there are limitations to know about.Top stories - CBS News - October 21 -
The great wall of debt
Given the pile of maturing financing, 2025 and 2026 will prove challenging years for investorsBusiness - Financial Times - October 17 -
Empty Tables and Rising Costs Push More Restaurants Into Bankruptcy
Red Lobster, Roti and other chains are closing locations as chapter 11 filings grow.Business - The Wall Street Journal - October 21 -
Reeves wraps up ‘grim’ spending talks amid council bankruptcy fears
Local government expected to suffer further squeeze in chancellor’s first BudgetBusiness - Financial Times - October 23 -
TGI Fridays files for bankruptcy, as sit-down chain restaurants face challenges
TGI Fridays Executive Chairman Rohit Manocha said "COVID-19 and capital structure" were the primary drivers of the chain's financial challenges.Top stories - CBS News - November 2 -
TGI Fridays Files for Bankruptcy Protection Amid Financial Troubles
Dallas-based TGI Fridays filed for Chapter 11.Business - Inc. - November 3 -
Judge scolds Giuliani for not turning over assets, including car he's driving
Giuliani got a tongue lashing Thursday in federal court after missing a deadline to turn over valuables to two election workers he defamed. He owes the women $148 million in damages.Top stories - CBS News - 6 days ago -
Future of Alex Jones' Infowars in hands of bidders at bankruptcy auction
Bidders interested in acquiring the media company founded by conspiracy theorist Alex Jones will battle it out at a bankruptcy auction Wednesday, potentially silencing his Infowars broadcasting ...Top stories - NBC News - Yesterday -
Spirit Airlines mulls bankruptcy, sending its stock price into nosedive
Spirit Airlines, weighed down by mounting debt, is considering filing for bankruptcy protection.Top stories - CBS News - 23 hours ago -
The Onion buys Infowars out of bankruptcy in move backed by Sandy Hook families
Satirical news outlet the Onion has purchased Alex Jones' Infowars site out of bankruptcy. The sale comes after the families of Sandy Hook shooting victims won a $1.5 billion libel suit against ...Top stories - CBS News - 52 minutes ago -
Will credit card debt forgiveness cover my $15,000 debt?
If you're trying to tackle $15,000 in credit card debt, it's important to find the right strategy first.Top stories - CBS News - October 15 -
Will credit card debt forgiveness cover my $25,000 debt?
With credit card interest rates high, many borrowers may need forgiveness now. But can it cover $25,000 worth of debt?Top stories - CBS News - October 16 -
Will credit card debt forgiveness cover my $3,000 debt?
Stuck with a $3,000 credit card bill? Here's how to get help now.Top stories - CBS News - October 23 -
Will debt collectors sue over a $3,000 credit card debt?
A $3,000 credit card debt may seem minor, but some debt collectors could still aggressively pursue it. Here's why.Top stories - CBS News - November 5 -
Who will buy Infowars? Both supporters and opponents of Alex Jones interested in bankruptcy auction
The assets of Alex Jones' Infowars are set to be auctioned off next week, and both supporters and detractors of the conspiracy theorist are expressing interest in biddingTech - ABC News - 5 days ago -
Spirit may be at the end of its runway as Frontier talks break down, bankruptcy looms
Beleaguered Spirit Airlines reportedly is discussing its options with creditors as Frontier Airlines abandons merger talks.Business - MarketWatch - Yesterday -
Spirit Airlines warns its equity would be wiped out if it reaches bankruptcy deal with its creditors
Spirit Airlines Inc.’s stock cratered 55% Wednesday, on track for its biggest-ever one-day decline, after the company warned that its equity would be wiped out as part of a restructuring deal that ...Business - MarketWatch - 23 hours ago -
IMF chief warns of ‘unforgiving’ debt backdrop and low growth
Kristalina Georgieva says governments’ reluctance to rein in spending heightens public finances challengeBusiness - Financial Times - October 17 -
Biden Cancels Another $4.5 Billion in Student Debt
The executive decision will help 60,000 borrowers, bringing the total number of public service workers getting loan forgiveness to more than 1 million.Business - Inc. - October 17 -
Debt rule to change to fund major projects
Government claims the move contrasts with former PM Liz Truss's controversial mini-Budget.Top stories - BBC News - October 18 -
Harris and Trump are equally silent on the expanding US debt
The nation is borrowing to finance current consumption rather than to make much-needed long-term investmentsWorld - Financial Times - October 18 -
'Holiday home dream left us crippled with debt'
Families who lost tens of thousands of pounds buying holiday caravans want the industry to change.Top stories - BBC News - October 24 -
Atos Debt Grows as Restructuring Effort Continues
Atos said its debt pile grew in the third quarter as the beleaguered French IT firm seeks to implement a financial restructuring aimed at restoring profitability.Business - The Wall Street Journal - October 24 -
Economist on whether the national debt is cause for concern
The national debt has reached a staggering $35 trillion, yet some economists argue it's not a problem. Stephanie Kelton, author of "The Deficit Myth," joins "CBS Mornings Plus" to explain how ...Top stories - CBS News - October 28