The hottest Bankruptcy Substack posts right now

And their main takeaways
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Top Finance Topics

Crypto Giant Celsius Overheats into bankruptcy. Investor money left frozen[Finance Fridays]

Technology Made Simple • 39 implied HN points • 05 Aug 22
💰 Finance Cryptocurrency Investment Bankruptcy Personal Finance Financial Education
  1. Celsius, a crypto giant, declared bankruptcy, leaving investor money frozen. This impacted many retail investors who may lose money.
  2. When dealing with companies, understand that their main aim is to make money. Always read the fine print and consider the tradeoffs before investing.
  3. Be cautious of celebrity endorsements in financial decisions. It's essential to analyze all messaging and make your conclusions to protect yourself from scams.
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Top 5 financial posts of the 2/2024 trading week

Global Markets Investor • 0 implied HN points • 13 Jan 24
💰 Finance Investments Stocks Economy Markets Bankruptcy
  1. Trading week recap: Large-cap stocks like Tech were up, while smaller caps fell. Bitcoin also dropped post approval of 11 spot Bitcoin ETFs.
  2. US credit-card delinquency rates at a decade high, showing ongoing weakness in consumer spending.
  3. S&P 500 expected volatility low, making stock market hedging cheaper. Magnificent Seven tech giants have market caps larger than most global stock markets.

💥New Chapter 11 Bankruptcy Filing - Cano Health Inc. ($CANO)💥

PETITION • 0 implied HN points • 07 Feb 24
💰 Finance Bankruptcy Debt Restructuring Lending Investment
  1. Cano Health Inc. filed for Chapter 11 bankruptcy due to financial struggles and alleged mismanagement.
  2. Debtors secured a restructuring support agreement with key lenders to address their balance sheet and assets.
  3. The bankruptcy process involves potential asset sales and financial restructurings to navigate the company's financial challenges.

💥New Chapter 11 Bankruptcy - NanoString Technologies Inc. ($NSTG)💥

PETITION • 0 implied HN points • 11 Feb 24
💰 Finance Bankruptcy Biotech Legal
  1. NanoString Technologies Inc. filed for Chapter 11 bankruptcy due to patent litigation, seeking a buyer.
  2. NanoString is a biotech company supplying technologies for analyzing biological samples in pharmaceutical product development.
  3. NanoString has a significant customer base including academic and government research facilities, biopharma companies, and clinical laboratories.

💥New Chapter 11 Bankruptcy Filing - Burgess BioPower LLC💥

PETITION • 0 implied HN points • 11 Feb 24
💼 Business Bankruptcy Renewable Energy
  1. Burgess BioPower LLC and Berlin Station LLC filed for chapter 11 bankruptcy in the District of Delaware, seeking to pursue equitization via a plan unless a sale materializes.
  2. Burgess BioPower is a renewable energy company with a 75-megawatt biomass-fueled power plant in Berlin, New Hampshire, providing power to 67k homes, equivalent to 10% of New Hampshire's total homes.
  3. The power generated by Burgess BioPower results in $70 million of annual economic activity in New Hampshire.