bankruptcy

23andMe’s Data Security Catches Attention of House GOP
23andMe’s Data Security Catches Attention of House GOP
April 17, 2025  |  Security & Fraud

A trio of lawmakers want answers from 23andMe about the security of its customer data. In a letter to the bankrupt genetic testing service Thursday...

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Frozen Funds Still Unresolved as Synapse Bankruptcy Nears Conclusion
Frozen Funds Still Unresolved as Synapse Bankruptcy Nears Conclusion
April 14, 2025  |  Legal

The protracted Synapse Financial Technologies bankruptcy is nearing its final stages with a whimper rather than a bang. Late last week (April 10) Trustee Jelena...

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Report: BaaS Startup Solid Files for Bankruptcy, Aims to Sell
Report: BaaS Startup Solid Files for Bankruptcy, Aims to Sell
April 10, 2025  |  Digital Banking

Solid, the banking-as-a-service (BaaS) startup formerly known as Wise, reportedly filed for Chapter 11 bankruptcy protection. The company had not been able to raise more...

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Publishers Clearing House Declares Bankruptcy, Aims to Focus on Digital Advertising
Publishers Clearing House Declares Bankruptcy, Aims to Focus on Digital Advertising
April 09, 2025  |  Business

Publishers Clearing House (PCH) said Wednesday (April 9) that it filed for Chapter 11 bankruptcy protection to shed the cost of its legacy businesses and...

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Joann to Shutter All Outlets
Joann to Shutter All Outlets
February 24, 2025  |  Retail

Bankrupt craft retailer Joann will be closing all its stores, backtracking on a previous plan to keep some locations open. The company plans to sell...

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Synapse Collapse Reportedly Target of Criminal Grand Jury Probe
Synapse Collapse Reportedly Target of Criminal Grand Jury Probe
February 20, 2025  |  Legal

A grand jury is reportedly probing criminal conduct at bankrupt FinTech firm Synapse. The grand jury has questioned an executive who sounded alarms before the...

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Joann Seeks Bankruptcy Protection for 2nd Time in Under a Year
Joann Seeks Bankruptcy Protection for 2nd Time in Under a Year
January 15, 2025  |  Retail

Crafts chain Joann is seeking bankruptcy protection for the second time in under a year. Saddled with declining sales, the company had $615.7 million in funded debt...

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Business Bankruptcies in US Reach Highest Level Since 2010
Business Bankruptcies in US Reach Highest Level Since 2010
January 07, 2025  |  Economy

Corporate bankruptcies in the U.S. have reportedly reached their highest level in 14 years. High interest rates and waning consumer demand helped drive at least...

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Big Lots Faces Challenges Despite Acquisition
Big Lots Faces Challenges Despite Acquisition
January 03, 2025  |  Retail

Big Lots, a once-dominant player in the discount retail sector, faces an uncertain future following an acquisition by Gordon Brothers Retail Partners. The agreement, finalized...

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