The hottest Bankruptcy Substack posts right now

And their main takeaways
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Top Finance Topics

A Billion-Dollar Fraud In Plain Sight

Where's Your Ed At • 10237 implied HN points • 01 Nov 23
💰 Finance Cryptocurrency Investment Fraud Bankruptcy Regulation
  1. Gemini's
  2. Earn
  3. program misled customers into investing in risky lender Genesis Capital.
  4. The NY Attorney General filed a significant fraud suit against Gemini, Genesis, and Digital Currency Group for misleading customers and covering up losses.
  5. The Winklevoss twins actively deceived customers, putting billions of dollars into an unstable lender and reaping profits while customers faced losses.

💥Watch Out!💥

PETITION • 1906 implied HN points • 11 Feb 24
💰 Finance Bankruptcy
  1. Bankruptcy activity for big names like New York Community Bancorp Inc., Spirit Airlines Inc., and others remains low despite speculation.
  2. The amount of high yield bonds trading distressed has significantly decreased since the start of 2024.
  3. Distressed exchange activity has become a popular alternative to Chapter 11 filings, with experts predicting even busier times ahead for 2024.

💥Bankruptcy Flex?💥

PETITION • 1120 implied HN points • 21 Jan 24
💰 Finance Bankruptcy Crypto
  1. The market is showing signs of unpredictability due to economic factors like consumer sentiment and jobless claims.
  2. Some companies expecting rate cuts may have to wait longer due to cautious Fed comments.
  3. Core Scientific, a crypto-mining firm, is highlighted as a winner amidst bankruptcy cases.

💥Lender on Lender Violence is Back! And on Steroids. Part III.💥

PETITION • 1002 implied HN points • 15 Jan 24
💰 Finance Bankruptcy Investing Restructuring Debt Economy
  1. The article discusses recent bankruptcy cases involving companies like Wesco Aircraft Holdings Inc. and Instant Brands Acquisition Holdings Inc.
  2. The bankruptcy cases highlighted the complex interactions between lenders and debtors, showcasing the challenges and strategies involved in negotiations.
  3. Key themes in the cases include asset stripping, liability management, regulatory approval challenges, and the role of different parties in bankruptcy proceedings.
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bankruptcy for the little people

Dan Davies - "Back of Mind" • 294 implied HN points • 09 Feb 24
💰 Finance Bankruptcy Debt Legal system Corporations
  1. Bankruptcy rules differ for individuals and corporations, with implications for creditors and stakeholders.
  2. Bankruptcy can have significant economic consequences, especially for employees, suppliers, and other parties dependent on the company's operations.
  3. Some companies without operations can exploit bankruptcy laws to avoid liabilities, highlighting issues with the limited liability system.

💥One down, eleven to go...💥

PETITION • 334 implied HN points • 01 Feb 24
💼 Business Bankruptcy Legal Finance Retail Consulting
  1. Recent bankruptcies in the corporate sector include companies like Humanigen Inc., Audacy Inc., and Eye Care Leaders.
  2. GOL Linhas Aéreas Inteligentes S.A. filed for chapter 11 bankruptcy in January 2024 due to financial struggles and liquidity issues.
  3. In Rite Aid's bankruptcy case, issues arise regarding store closures, conflicts over lease rejections, and negotiations with stakeholders.

Ante Up, SUV Drivers: Paris Triples Parking Rates

The Micromobility Newsletter • 275 implied HN points • 06 Feb 24
💼 Business Transportation Electric Vehicles Bankruptcy Investment Logistics
  1. Paris has tripled parking rates for SUVs over 1.6 tonnes and electric vehicles over 2 tonnes to promote a bike-able and walk-able city.
  2. Cake, an e-motorcycle manufacturer, filed for bankruptcy after facing challenges with recalls and losing an investor in funding.
  3. DYU, a prominent e-bike manufacturer in China, raised $14M in a funding round, planning to expand operations and enhance supply chain.

💥Here's Adam!?💥

PETITION • 235 implied HN points • 07 Feb 24
💼 Business Bankruptcy Healthcare Finance Legal Restructuring
  1. The WeWork debtors are in conflict with landlords over unpaid rent, leading to a heated legal battle.
  2. Cano Health Inc. and its affiliates filed for Chapter 11 bankruptcy in Delaware due to financial struggles and bad acquisitions.
  3. The restructuring support agreement for Cano Health aims to deleverage the company's balance sheet through a sale process and a proposed $150 million DIP financing.

💥Nobody Care(ismatic)💥

PETITION • 275 implied HN points • 24 Jan 24
💼 Business Bankruptcy Finance Crypto Legal
  1. A medical apparel seller has filed for bankruptcy due to various financial challenges and changes in the industry.
  2. The restructuring process involves equitizing first lien debt and securing a DIP financing with interesting features.
  3. The bankruptcy filing of Terraform Labs Pte. Ltd., known for the failed stablecoin Terra USD, has led to ongoing legal proceedings and the company's intent to continue its business plan.

Liquidation.

News Items • 216 implied HN points • 29 Jan 24
💰 Finance Companies Economy Assets Bankruptcy
  1. China Evergrande Group received a liquidation order from a Hong Kong court, amid its massive debt of over $300 billion.
  2. The liquidation process will involve attempting to seize control of Evergrande's assets outside China, including Hong Kong-listed subsidiaries.
  3. The outcome of the liquidation will be a test of Hong Kong court's legal reach and the handling of asset sales in a struggling industry.

Nanostring Vendors

ASeq Newsletter • 51 implied HN points • 05 Mar 24
💼 Business Bankruptcy Instruments
  1. The post discusses Nanostring creditors identified in bankruptcy proceedings, indicating a Google document with detailed creditor breakdowns and mentions suppliers of 'Compelling presentations for litigation'.
  2. The focus of interest lies in the technical components used in Nanostring instruments, narrowing down the list significantly.
  3. Access to the full post is restricted to paid subscribers.

Tano Dragon

Computer Ads from the Past • 640 implied HN points • 31 Aug 23
🕹 Technology Computers History Reviews Operating System Bankruptcy
  1. Dragon Data Ltd was a Welsh company that released the Dragon 32 and Dragon 64 computers in the early 1980s.
  2. The Dragon 32 was known for using the Motorola MC6809E processor and included an extended version of Microsoft BASIC.
  3. Despite initial success, Dragon Data faced financial challenges, underwent ownership changes, and eventually filed for bankruptcy.

💥Bed Bath & Bagholders💥

PETITION • 569 implied HN points • 02 Apr 23
💰 Finance Investing Stocks Markets Bankruptcy Liquidity
  1. Hudson Bay Capital and BBBY structured a deal involving convertible preferred stock, benefiting Hudson Bay financially.
  2. BBBY raised $225mm to address credit issues and pay vendors, but needed more liquidity for a turnaround.
  3. The deal with Hudson Bay also included warrants to buy $800mm of preferred stock, with conditions to protect Hudson Bay's downside.

💥Back to BustedSPACs💥

PETITION • 373 implied HN points • 07 Jun 23
💼 Business Finance Bankruptcy
  1. Cyxtera Technologies Inc., Codiak BioSciences Inc., and Virgin Orbit Holdings Inc. are discussed in the article.
  2. Starboard Value Acquisition Corp.'s target, Cyxtera Technologies Inc., filed for chapter 11 bankruptcy.
  3. The bankruptcy filing affected the market on Monday.

The $153 billion power leak

Becoming Noble • 358 implied HN points • 16 Mar 23
💰 Finance Investments Assets Bankruptcy
  1. When betting against the system, bet big to secure assets - lessons from the SVB collapse.
  2. Question ownership and control of your assets. Be prepared for unanticipated vulnerabilities in the system.
  3. In financial dealings, always think ahead and consider the risks. Act like the system might fail and prepare for it.

💥New Chapter 11 Bankruptcy Filing - GOL Linhas Aéreas Inteligentes S.A.💥

PETITION • 19 implied HN points • 01 Feb 24
💰 Finance Bankruptcy Airlines Debt Liquidity Investment
  1. GOL Linhas Aéreas Inteligentes S.A. filed for chapter 11 bankruptcy with a $950 million DIP commitment.
  2. The airline's growth played a significant role in Brazil's air travel expansion but faced challenges with its fleet, especially with Boeing 737 models.
  3. To address financial struggles, GOL made efforts to secure liquidity, negotiate leases, and handle outstanding obligations.

Maryland Latest State To Issue EWA Guidance

Fintech Business Weekly • 126 implied HN points • 20 Aug 23
💰 Finance Fintech Bankruptcy Regulation
  1. Maryland issued guidance on earned wage access (EWA) products, following in the steps of Nevada and Missouri.
  2. CFPB Director Chopra announced new rulemaking to regulate data brokers and protect consumer data.
  3. Analysis of Dave's Q2 earnings shows discrepancies in metrics like average revenue per user, highlighting the importance of looking beyond official reports.

💥New Chapter 11 Bankruptcy Filing - Terraform Labs Pte. Ltd.💥

PETITION • 19 implied HN points • 24 Jan 24
💼 Business Bankruptcy Blockchain Litigation Cryptocurrency Legal
  1. Terraform Labs Pte. Ltd. filed for Chapter 11 bankruptcy in Delaware after issues with its stablecoin, Terra USD.
  2. The company faces litigation from various parties including a class-action suit and SEC fraud claims.
  3. The bankruptcy filing is aimed at allowing the company to continue its business plan in the face of legal challenges.

💥New Chapter 11 Bankruptcy Filing - Eye Care Leaders Portfolio Holdings LLC💥

PETITION • 19 implied HN points • 21 Jan 24
💼 Business Bankruptcy Technology Management Cybersecurity
  1. Eye Care Leaders Portfolio Holdings LLC filed for Chapter 11 bankruptcy due to ransomware attacks, security breaches, poor management decisions, and high development costs.
  2. The company provides software solutions for ophthalmology and optometry practices, offering services like practice management and electronic health records.
  3. The case highlights the financial challenges and risks faced by technology companies in an environment where cyberattacks and management decisions play a significant role.