More and more people who are filing for bankruptcy have retail credit card debt, and those bills are getting harder to pay off with record-high interest rates.Store credit cards, which most major retailers offer, typically carry higher interest rates than traditional credit cards because the people who have them tend to have lower credit scores and banks consider them more risky.But those rates reached an all-time high of an average of 30.45% in September, according to Bankrate. The record rates came after ...

The Altman Z-score is the output of a credit-strength test that gauges a publicly traded manufacturing company's likelihood of bankruptcy. https://t.co/JGZujp2Ay5 ...

“ I just don’t want America to go bankrupt”Elon Musk is a patriothttps://t.co/GGIenyrhNb ...

南方财经记者 黄子潇 深圳报道 "四年多的个人破产改革试点工作发现，住房公积金是个人破产债务人的重要偿债资金来源。"深圳市破 产事务管理署表示。 近日，深圳市司法局官网显示，深圳市破产事务管理署会同深圳市住房公积金管理中心、深圳破产法庭 联合印发《关于破产涉住房公积金事务高效办理的实施意见》（以下简称《实施意见》），深圳率先建 立"个人+企业"破产涉住房公积金事务高效办理机制。 深圳是国内率先开展个人破产改革试点的城市，至今已试点4年。2021年3月，《深圳经济特区个人破产 条例》经审议通过后正式实施。2024年12月，深圳市破产事务管理署进一步出台《深圳市个人破产管理 人团队人员管理办法》，旨在优化个人破产管理人"机构+团队"管理模式。 记者注意到，6月12日，该署发布关于提出个人破产管理人人选的公告，涉及5家律师事务所。 所谓个人破产制度，其核心在于保护"诚实而不幸"的债务人，这对以创业精神为标签的深圳至关重要。 6月13日，深圳个人破产案件信息网显示，从2021年6月至今共有1738条公开案件挂网。 住房公积金成为重要偿债资金来源 四年多的个人破产改革试点工作发现，住房公积金是个人破产债务人的重要偿债资 ...

As the June 18 deadline for bidding on the remaining assets of Rite Aid nears, the potential buyers who are looking them over reportedly include pharmacy chain Walgreens, reality star turned entrepreneur Kourtney Kardashian, consumer-focused private equity firms, and three brand management companies: Authentic Brands Group, WHP Global and Marquee Brands.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, i ...

Core Insights - Rite Aid is undergoing bankruptcy proceedings, with various companies, including Walgreens and brand management firms, evaluating its remaining assets [1][4][9] - Kourtney Kardashian has shown interest in acquiring Rite Aid's Thrifty ice cream brand, which has a history dating back to 1940 [3][7] Group 1: Bankruptcy and Asset Evaluation - Rite Aid operates approximately 1,200 stores and serves around 8 million customers, having filed for bankruptcy for the second time in two years [4][8] - The bankruptcy judge has approved store closures and the sale of customer prescription files to 13 buyers, including CVS Health and Walgreens [4][10] - Brand management companies such as Authentic Brands Group, WHP Global, and Marquee Brands are assessing Rite Aid's intellectual property and loyalty program [1][2] Group 2: Interest in Thrifty Ice Cream Brand - Kourtney Kardashian, co-founder of Lemme and owner of Poosh, is interested in Rite Aid's Thrifty ice cream brand, which is sold at various retailers [3][5][6] - Thrifty ice cream has a notable history and has attracted interest from consumer-focused private equity firms as well [7]

Telecom and satellite company EchoStar (SATS -6.35%) is reportedly considering a bankruptcy filing to protect its spectrum licenses. Investors are not taking the threat lightly, sending EchoStar shares down as much as 15% at the open and down 8% as of 11 a.m. Eastern. A preemptive filing on the horizon?EchoStar is a satellite television and communications company currently focused on growing a nationwide cellular business. The company owns Boost Mobile, the nation's fourth-largest wireless carrier, and is b ...

A sign is posted in front of the 23andMe headquarters in Sunnyvale, California, on Feb. 1, 2024.23andMe on Tuesday announced it will voluntarily delist from the Nasdaq and de-register with the U.S. Securities and Exchange Commission, according to a release. The move comes after Regeneron Pharmaceuticals said earlier this month that it will acquire "substantially all" of 23andMe's assets for $256 million. The drugmaker came out on top following a bankruptcy auction for 23andMe, a once high-flying genetic tes ...

Rite Aid is reportedly closing additional stores while handing off business to rivals.The drugstore chain, which recently filed for bankruptcy for the second time, has revealed 95 locations it wants to shut down, Fast Company reported, citing a court filing.The locations are spread across six states, but are primarily based in Rite Aid’s home state of Pennsylvania, where the company plans to close more than 70 stores. In total, Rite Aid has targeted 210 stores for closure, the report said.The filing came on ...

Core Viewpoint - The judge in Canoo's bankruptcy case has blocked an attempt by financier Charles Garson to disrupt the sale of the EV startup's assets, ruling that he lacked standing to challenge the sale to Canoo's CEO, Anthony Aquila [1][2][8]. Group 1: Legal Proceedings - Judge Brendan Linehan Shannon ruled that Charles Garson, a UK-based financier, did not have standing to request the sale to Canoo's CEO be vacated, as he missed the deadline to submit a formal bid [2][8]. - Garson claimed he was willing to pay up to $20 million for Canoo's assets but failed to clarify the source of his funding, raising concerns from the bankruptcy trustee about potential issues with the Committee on Foreign Investment in the United States [2][4]. - The last challenge to the asset sale comes from Harbinger Motors, a startup formed by former Canoo employees, which has appealed the judge's denial of their objection to the sale [3]. Group 2: Arguments and Perspectives - Garson's lawyer framed the situation as a "David versus Goliath" matter, arguing that Garson believed he had until the end of April to formalize his bid based on conversations with the bankruptcy trustee [4]. - The bankruptcy trustee's lawyer, Mark Felger, countered that the sale process was fair and that the negotiations were conducted properly, emphasizing that the cost of maintaining Canoo's assets was too high [5][7]. - Judge Shannon expressed sympathy for Garson's frustration but noted that he did not fully understand the complex process and requirements to engage in the bidding [9]. Group 3: Outcome and Reactions - Judge Shannon ruled against Garson, stating he lacked standing as he was not owed any money by Canoo and did not submit a formal bid before the deadline [8][9]. - Garson acknowledged the court's decision and congratulated Aquila, expressing disappointment at not being able to participate in the bidding process [10].