🇮🇷 NEW: Iran's Ayandeh Bank goes bankrupt after accumulating $8B in losses and debt, impacting 42M customers now absorbed by state-owned Bank Melli.Is this type of collapse exactly what Bitcoin was designed to solve? https://t.co/EvY31ckxMd ...

Industry Overview - The pizza restaurant industry is highly competitive in the U.S., with Domino's and Pizza Hut ranking among the Top 8 fast-food chains by locations in 2025 [1] - Domino's has 7,014 locations, ranking sixth, while Pizza Hut has 6,557 locations, ranking eighth [1][9] Company Performance - Domino's plans to add 175 new franchise units in 2025, indicating strong franchisee interest and better pipeline visibility compared to the previous year [3] - Despite the competitive landscape, Domino's remains confident in its growth strategy [3] Economic Challenges - The pizza restaurant sector has faced significant economic challenges, including rising labor and food costs, high lease rates, and fierce competition [4] - These challenges have led some chains to restructure, close locations, or file for bankruptcy [4] Bankruptcy Filings - Franchisees of major pizza chains, including Domino's and Little Caesars, have filed for Chapter 11 bankruptcy due to financial distress [6] - Smaller chains like Zeppe's Tavern and Bertucci's Restaurants have also filed for bankruptcy in 2025 [7] Location Closures - Mod Pizza has reduced its locations from about 500 in 2024 to 450 in 2025 after closing 27 stores [5] - Fired Pie, a Phoenix-based chain, has also faced closures since the Covid pandemic impacted the industry [8]

“For some reason, the legacy mainstream media just ignores the fact that America is going bankrupt like crazy, at a rate that is unprecedented.”Elon Muskhttps://t.co/CwsTX5j9dl ...

Core Insights - The airline industry is facing significant challenges in 2025, with multiple airlines filing for bankruptcy due to mounting debts and operational difficulties [1][2][8] Group 1: Bankruptcy Filings - Scandinavian airlines Play and Braathens Aviation ceased operations in September 2025 due to similar financial issues [1] - Ravn Alaska, Air Belgium, and SKS Airways in Malaysia filed for bankruptcy in the first half of 2025, with Verijet also filing for Chapter 7 bankruptcy in October 2025 [2] - Kachina Air filed for Chapter 11 bankruptcy on October 24, 2025, marking it as the latest charter airline to seek bankruptcy protection [4][8] Group 2: Financial Struggles - Verijet accumulated over $38.7 million in debts while facing lawsuits for unfulfilled flights [3] - Kachina Air's bankruptcy is attributed to rising fuel and aviation costs, which have impacted several regional airlines [8] Group 3: Legal Proceedings - Kachina Air's bankruptcy petition was filed in the U.S. Bankruptcy Court for the Southern District of Texas, with a judge assigned to oversee the case [6][9] - The company, established in 2020, is undergoing a reorganization process following its Chapter 11 filing [9]

Core Viewpoint - The Capital Link announced an investigation into LuxUrban Hotels Inc. following a misleading article by Bisnow regarding the company's bankruptcy situation, emphasizing the need for accurate reporting based on documented facts [1][8]. Summary of Misstatements vs. Documented Facts - The conversion to Chapter 7 was initiated by the U.S. Trustee and consented to by LuxUrban, contradicting claims that lenders forced the liquidation [2]. - No court order has declared an enterprise-wide shutdown of LuxUrban's operations, as the recent order merely transferred control of estate property to a Chapter 7 trustee [2]. - Allegations regarding hazardous conditions at The Herald Hotel are based on creditor pleadings and have not been adopted as judicial findings [2]. - The figure of $118.6 million owed to the New York State Department of Taxation is an asserted liability subject to objection, not an adjudicated debt [2]. - Claims of LuxUrban booking rooms while hotels were closed lack judicial findings of fraud or misconduct [2]. Chronology and Procedural Clarifications - LuxUrban filed for voluntary Chapter 11 on September 14, 2025, intending to restructure its lease portfolio and continue operations [5]. - The court approved joint administration of related affiliates on September 16, 2025, which is a routine procedure [5]. - The U.S. Trustee filed a motion on October 10, 2025, to appoint a trustee or convert to Chapter 7 [5]. - LuxUrban consented to the conversion on October 18, 2025, agreeing that liquidation was the most efficient path for stakeholders [5]. - The conversion order was entered on October 21, 2025, with no findings of misconduct or negligence [5]. - A creditors' meeting is scheduled for December 2, 2025, with approximately $123.6 million in asserted claims pending allowance or objection [5]. Procedural Integrity - LuxUrban has complied with Bankruptcy Rules and maintained counsel throughout the process, filing all required schedules [6]. Investor Litigation Reality Check - The civil case Pack v. LuxUrban Hotels Inc. is currently stayed due to bankruptcy, with no trial date or certified class existing, contrary to speculative claims about a future trial [7]. Closing Statement - The legal record presents a more nuanced narrative than the sensationalized reporting, highlighting the Debtor's consent to conversion and the absence of judicial findings of misconduct [8].

Why was prep of bankruptcy temporarily pause. I know we mentioned a Trump era ruling, but what happened. Yeah.Back in August, the Trump administration decided to fire all but one of PREPA board members. PREPA is the Puerto Rico Electric Power Authority, and it's the main supplier of electricity on the island. So it's just this vital source for the residents and businesses there and that the oversight board manages purpose, bankruptcy, and also the island's finances. And so the Trump administration wanted to ...

Auto dealers who lend money to buyers with spotty credit histories pushed subprime lender PrimaLend Capital Partners into bankruptcy, the company said in court papers https://t.co/BoGqoIGQUE ...

Core Viewpoint - The bankruptcy process of Puerto Rico's power utility is advancing, influenced by the Trump administration's actions to dismiss most members of the oversight board responsible for managing the utility's debt restructuring [1] Group 1 - The Trump administration's attempt to fire all but one member of the oversight board is a significant development in the bankruptcy proceedings of Puerto Rico's power utility [1] - The oversight board plays a crucial role in the utility's debt workout, and changes in its composition may impact the restructuring process [1]

RT CoinDesk Podcast Network (@CoinDeskPodcast)NEW @BTCSZN2 "Bankruptcy can't just be right. It has to seem right. And I think this is really a case where it didn't seem right", in partnership with @blockspacepod!Feat: @jonathanrjones & @sophbridgesWe discuss:⚡ Creditors repaid at market low valuations⚡ $1 billion in bankruptcy fees⚡ Hundreds of thousands of creditors (unique)👇🇨🇦⤵️ 🍕 ...

Most corporate bankruptcy hearings are all business. But when the failing company pierced more than 100 million ears, everyone in the court has a story. https://t.co/Nf3IhKf58H ...