U.S. Senator Elizabeth Warren (D-MA) faces reporters during a break in a bipartisan Artificial Intelligence (AI) Insight Forum for all U.S. senators at the U.S. Capitol in Washington, September 13, 2023. Julia Nikhinson | Reuters Elizabeth Warren wants more student loan borrowers to know that it is now easier to part with their debt in … Read more
Red Lobster has filed for Chapter 11 bankruptcy protection, continuing the process to shrink its footprint and find a buyer, the company said in a statement. The seafood chain also said it has a so-called stalking horse bid from its existing lenders to buy the company, unless a higher bid comes along. CNBC reported last … Read more
Rudy Giuliani, the former personal lawyer for former U.S. President Donald Trump, arrives at the E. Barrett Prettyman U.S. District Courthouse in Washington, D.C., on Dec. 15, 2023. Anna Moneymaker | Getty Images Creditors want to force Rudy Giuliani to sell his $3.5 million Florida condo to help pay his significant debts, according to a … Read more
Billionaire Adam Neumann is trying to buy back bankrupt real-estate company WeWork, which he founded in 2010 and was ousted from in 2019, DealBook reported Tuesday. Neumann, his startup Flow and Dan Loeb’s Third Point fund have “consistently expressed” a “sincere interest” since December 2023 to buy WeWork and its leases out of bankruptcy or … Read more
Rudy Giuliani was able to raise less than $1 million from just 13 donors, among them his friends and a group of former President Donald Trump’s allies, to help pay off his legal fees as he faces a $146 million defamation judgment and a criminal prosecution, a new Federal Election Commission filing reviewed by CNBC … Read more
Rudy Giuliani, the former personal lawyer for former U.S. President Donald Trump, arrives to the E. Barrett Prettyman U.S. District Courthouse on December 15, 2023 in Washington, DC. Anna Moneymaker | Getty Images Rudy Giuliani filed for Chapter 11 bankruptcy protection in New York on Thursday, citing debts that include a nearly $150 million recent … Read more
Semi truck trailers are pictured at freight trucking company Yellow’s terminal near the Otay Mesa border crossing between the U.S. and Mexico, after the company filed for bankruptcy protection, in San Diego, California, August 7, 2023 Mike Blake | Reuters A group of investors hoping to salvage shuttered trucking giant Yellow (formerly YRC) were dealt … Read more
President Joe Biden delivers remarks about the student loan forgiveness program on Oct. 17, 2022. Leah Millis | Reuters More people with federal student loans have been able to walk away from their debt in bankruptcy court due to a Biden administration policy change announced last November. In the fall of 2022, the U.S. Department … Read more