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HomeBankruptcy

Bankruptcy

Economists
Bankruptcy

Economists Warn Americans Recession Is Coming

January 16, 2023 Mariel Alumit

Authored by Jack Phillips via The Epoch Times, Two top economists said that despite contrary predictions, a recession will likely hit the United States in the near future. “Some economists argue that the strength of […]

Massive
Bankruptcy

Massive Hedge Fund, Also Known As Swiss National Bank, Suffers Colossal $143 Billion Loss In 2022

January 10, 2023 Mariel Alumit

The last time we looked at the massive money-printing (literally) hedge fund that also moonlights as the Swiss National Bank, we were stunned to learn that its US equity holdings had exploded to a record […]

Alex
Bankruptcy

Alex Jones Files For Chapter 11 Bankruptcy In Texas

December 2, 2022 Mariel Alumit

Three weeks after Alex Jones was ordered to pay another $473 million in Sandy Hook judgements, bringing his total tab for the two cases to $1.48 billion, the Infowars founder and host filed for Chapter […]

Bitcoin-prices - ENB
Bankruptcy

Core Scientific Bitcoin Miner Hit By Energy Costs And Decline In BTC

November 24, 2022 Mariel Alumit

The world’s biggest publicly listed bitcoin miner by computing power, Core Scientific (CORZ), announced that it may run out of money before year’s end. At the end of October, the company had $32.2 million in […]

Bankruptcy

Is Crypto Conglomerate DCG In Trouble With Genesis On Verge Of Bankruptcy?

November 22, 2022 Stu Turley

Update (1440ET): Digital Currency Group founder and CEO Barry Silbert has responded to market chatter and sent a reassuring note to shareholders. The Block reports that Silbert told shareholders: “DCG will continue to be a […]

Denmark
Aljazeera International

As Denmark votes, I have a question: Am I welcome here?

November 1, 2022 Mariel Alumit

In early September I was touched to receive a note from the Danish Parliament, congratulating me on becoming a Danish citizen. It said “Tillykke”, or “Congratulations”, and included a formal invitation to “Citizenship Day 2022” […]

Pumpjack - Midland Texas
Bankruptcy

JPMorgan sells shale driller it picked up following bankruptcy

February 10, 2022 Mariel Alumit

(Bloomberg) –JPMorgan Chase & Co. is selling Bighorn Permian Resources LLC, an oil and gas producer it took over in 2020 after the company failed to attract bidders during its bankruptcy, to Earthstone Energy Inc. […]

Oasis - buying Diamondback Energy Bakken assets -energynewsbeat.com
Bankruptcy

Oasis is buying out Diamondback Energy’s Bakken assets in all-cash purchase

May 7, 2021 Stu Turley

Just a few months after existing Chapter 11 bankruptcy, Oasis Petroleum is buying up all of Diamondback Energy ’s Bakken assets, adding about 95,000 acres to its already extensive Bakken Portfolio in an all-cash deal valued at […]

powerlines - Justin Sullivan - Getty Images - Energy News Beat
Bankruptcy

Brilliant Energy Files for Bankruptcy After Texas Power Crisis

March 16, 2021 Stu Turley

Brilliant Energy LLC filed for bankruptcy in the Southern District of Texas, adding to a growing list of companies that have stumbled after power outages caused by a winter freeze in February. The electricity provider has estimated […]

Austin Texas - Energynewsbeat
Bankruptcy

Brazos Becomes Rare ‘Failing Angel’ After Texas Storm Bankruptcy

March 2, 2021 Stu Turley

Brazos Electric Power Cooperative joined a rare club of investment-grade companies that filed for bankruptcy after the Texas power firm collapsed under a brutal winter storm, highlighting the growing risk of climate change. In Wall Street […]

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