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Party City and Bankrupt Balloon Unit Near Settlement

Party City Holdco Inc.’s bankrupt balloon-manufacturing affiliate, Anagram Holdings, is close to striking an agreement with the retail chain and won court permission to sell the unit to lenders

Bankruptcy Court Seeks Control of Review of Fees OK’d by Judge Who Resigned Amid Ethics Probe

A Texas bankruptcy judge recommended against a government request to move a case challenging fees paid to a law firm that were approved by a former judge who was in an undisclosed relationship with

Vesttoo Creditors Claims Reach $4.8 Billion, But Less Than $100 Million Likely to Be Recovered

Creditors involved in the bankruptcy proceedings of Israeli insurtech firm Vesttoo have submitted claims surpassing $4.8 billion against the company and its affiliated entities. However, the

Zulily Transfers Assets to Professional Liquidator as Failed Retailer Unable to Issue Refunds

Seattle-based online retailer Zulily — battered after weeks of layoffs, website outages and management reversals — posted a message on its website saying that it has made “the difficult but necessary

Plans to Restore Historic Charlotte Building Stall as Owner Files for Bankruptcy

Plans to restore a historic building in Charlotte’s Lockwood neighborhood appear to be dead in the water after its owner filed for bankruptcy protection earlier this month, the Charlotte Business

Mastercard: U.S. Retail Sales Grow 3.1% During Holiday Season

A Mastercard report showed today that U.S. retail sales rose 3.1% between Nov. 1 and Dec. 24, rounding up a majority of the holiday sales for retailers, as shoppers looked for last-minute Christmas

Price Increases Cooled in November as Inflation Falls Toward Fed Target

A closely watched measure of inflation cooled notably in November, good news for the Federal Reserve as officials move toward the next phase in their fight against rapid price increases and a positive

SEC Tells Spot Bitcoin ETF Hopefuls to Make Final Changes by Year-End

U.S. SEC officials met on Thursday with representatives of at least seven companies hoping to launch exchange-traded funds (ETFs) tied to spot bitcoin early in 2024, and told at least two to submit

Rudolph Giuliani Files for Chapter 11 Protection

Rudolph W. Giuliani filed for bankruptcy yesterday, a day after a federal judge ordered him to start paying the $148 million in damages he owes to two former Georgia election workers for spreading

Energy Company Hess Agrees to Pay Up to $187 Million to Settle Asbestos Claims

Oil-and-gas company Hess and its bankrupt subsidiary Honx have agreed to pay up to $187 million under a deal to resolve the current and future asbestos claims asserted by the former contractors and