Bankruptcy

An 11th-hour objection, complete with an allegation of forgery, has halted the $12.8 million sale of a partly built and weather-beaten condominium project in Summit County. “There have been a lot of twists and turns,” said U.S. Bankruptcy Judge Thomas McNamara. Uptown 240, in downtown Dillon, was to be an 80-unit, $80 million complex. Instead, it became a boondoggle during the pandemic, filed for bankruptcy last February and went up for sale. After its first buyer backed out, it was to be sold to Michigan-based Porritt…

Radio and podcast company Audacy revealed that it filed for Chapter 11 bankruptcy on Sunday, citing “macroeconomic challenges” as the reason for its restructuring. Audacy is the home to hundreds of broadcast, sports and podcast shows and is one of the largest radio broadcasters in the country. In an announcement Sunday, Audacy’s President and CEO David Field revealed that it filed for bankruptcy and that it entered into a restructuring support agreement with a supermajority of its debtholders. “Over the…

The New York Stock Exchange welcomes executives and guests of Audacy (NYSE: AUD), today, Friday, April 9,2021, in celebration of its recent company rebrand.NYSEAudacy, the radio and podcast giant, said Sunday it filed plans for Chapter 11 bankruptcy protection in Texas to reduce its debt.The restructuring agreement will allow Audacy to slash its total debt load by 80% to about $350 million from around $1.9 billion, the company said."Over the past few years, we have strategically transformed Audacy into a leading, scaled…

Audacy, the radio platform which owns a network of more than 200 stations across the U.S., announced Sunday that it will file for Chapter 11 bankruptcy. “Over the past few years, we have strategically transformed Audacy into a leading, scaled multi-platform audio content and entertainment company through our acquisition of CBS Radio and by building leading complementary positions in podcasting, audio networks, live events, digital marketing solutions and our direct-to-consumer streaming platform,” David J. Field,…

Kim Jung-soo invented a super-spicy brand of noodles currently on the shelves of Walmart, Costco and major U.S. grocers. Kim Jung-soo invented a super-spicy brand of noodles currently on the shelves of Walmart, Costco and major U.S. grocers. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all…

A local company has gone from “Shark Tank” to bankruptcy court. Thornton-based M.C. Squares, which makes whiteboard sticky notes, planners and to-do lists, filed for Chapter 11 bankruptcy on Dec. 22. The company said in the filing that it owes $3.3 million to 43 creditors and has assets of $900,000. Chapter 11 bankruptcy allows a business to restructure and keep operating while paying creditors over time. Founder and CEO Anthony Franco signed the filings. He declined to comment. Franco founded M.C. Squares nearly 10 years…

Guanella Pass Brewing, which has locations in Georgetown and Empire, is bankrupt. The 7-year-old brewery filed for Chapter 11 bankruptcy on Dec. 30. It has $2.3 million in debt, far more than the $860,000 in gross revenue that it earned in 2023. Guanella Pass became Georgetown’s first brewery since Prohibition when it opened in May 2017 at 501 Rose St. in the tiny Clear Creek County town. It has 16 owners, led by Steven and Stacey Skalski of Evergreen, who together are its majority shareholders. Steven Skalski bought 501…

Updated Jan. 2, 2024 4:25 pm ETTwo of Juul Labs’ longtime directors—a Hyatt Hotels heir and a venture capitalist—helped bail out the e-cigarette maker when it was on the brink of insolvency.It was a deal that preserved the equity investments of Nick Pritzker and Riaz Valani, cemented their influence over the company and secured them releases from liability in thousands of lawsuits against Juul. Now Juul is fighting a lawsuit from a group of investors alleging that those two directors were looking out for their own…

Giuliani filed for Chapter 11 bankruptcy the day after a judge ordered him to immediately begin paying two Georgia election workers $148 million in damages Rudy Giuliani has filed for Chapter 11 bankruptcy less than a week after he was ordered to pay two Georgia election workers a total of $148 million for spreading defamatory conspiracy theories about them in the aftermath of the 2020 election — and less than 24 hours after the judge in that case ruled that Giuliani must immediately begin paying…

Electric scooter company Bird is flying south for the winter, and it might be a very different kind of fowl by the time it returns. The Miami, Florida-based micro-mobility company known for allowing rambunctious, helmetless e-scooterists to fly down city streets declared bankruptcy Wednesday, saying it was entering into a process of “financial restructuring” while still keeping its bikes and other scooters operational for now.With AI Advertising, Nothing is Real | AI UnlockedThe company declared Chapter 11 bankruptcy,…