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Wendy’s Franchise Operator Starboard Files for Chapter 11

Starboard Group of Alabama LLC, a Wendy’s restaurant franchise operator in the southern US, filed for Chapter 11 in Florida, according to a court filing, Bloomberg News reported. The company listed

Texas Rangers Ditching Bally Sports After 2024 Season, Seek New TV Deal

Bally and its ownership group, Diamond Sports Group, announced in a court filing that it had reached an agreement with creditors to resolve any remaining financial issues for the 2024 season. After

Bankruptcy at Friendship Village Retirement Community in Schaumburg Has Financial Impact on Residents and Families Too

At age 88, World War II veteran Robert Kroll moved to Friendship Village of Schaumburg, a retirement community where he would be taken care of until death, and so his children would get their

U.S. Retail Sales Fall for First Time Since March as Holiday Season Approaches

Consumers spent less at stores, dealerships and gas stations last month, a sign the summer spending boom is cooling heading into the holiday shopping season, the Wall Street Journal reported. U.S

SEC Touts $5 Billion in Penalties After Year of Crypto Dragnet

The Securities and Exchange Commission said that its enforcement actions during fiscal year 2023 led to almost $5 billion in fines and money ordered to be reimbursed to investors, as the agency sued

Minnesota Owner of Lighting Installation Business Pleads Guilty to Tax Evasion

A Minnesota man pleaded guilty yesterday for attempting to evade his federal income taxes by submitting an incomplete bankruptcy filing, according to a DOJ press release. According to court documents

California Property Developer Sentenced to Prison for Lying on Bankruptcy Petition and Filing False Federal Tax Returns

An Agoura Hills real estate developer was sentenced today to 41 months in federal prison for failing to disclose on a bankruptcy petition that he had earned nearly $2.3 million in income and for

Lawmakers Grill FDIC Chief After Sexual Harassment Report

The head of the U.S. Federal Deposit Insurance Corporation faced outraged criticism from lawmakers on Tuesday following a media report that cited pervasive allegations of sexual harassment at his

Ban on Surprise Medical Bills Pushes More Health Bonds to Brink

After a federal law to curb surprise medical bills in the U.S. triggered a handful of the year’s biggest bankruptcies, investors are eyeing corporate-debt piles for potential pain ahead, Bloomberg

Texas Law Firm Says Former Partner Lied About Relationship With Judge

Texas law firm Jackson Walker said in court documents yesterday that its former partner Elizabeth Freeman lied about her romantic relationship with David R. Jones, a bankruptcy judge who was presiding