23andMe has filed for bankruptcy. What could happen to users' genetic data? Over the weekend, biotechnology company 23andMe filed for Chapter 11 bankruptcy. March 25, 2025 Additional Live Streams Live ABC News
Not all bankruptcy filings are approved by the courts. Here's what could happen if yours is turned down.
The Container Store's woes come during what's been a tough year for some bricks-and-mortar retailers, which have seen store closures spike almost 70% this year. Through November, about 45 retailers have filed for bankruptcy protection in 2024, compared with 25 retail bankruptcies for all of ...
On Nov. 11, 2022, then-FTX CEO Sam Bankman-Fried resigned, handing the company’s reins to John Ray, who filed for Chapter 11 bankruptcy protection in the United States. That day marked the beginning of the end for what was one of the world’s most prominent crypto exchanges. US author...
bankruptcy:This is a quick, fresh-start option where almost all assets are taken and sold off to pay back creditors. Chapter 7 may allow individuals to keep their home or car if payments are kept current. But if they own a company orinherited a family home, those could be up for grabs...
Since the April 2005 passage of the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA), companies have discovered that bankruptcy has become a quicksand of unexpected surprises that quickly forces companies into liquidation or forced asset sales under section 363 of the Bankruptcy Code. ...
Customers at neobanks Yotta, Copper and others lost access to their money in mid-May after the middleware fintech firm Synapse Financial Technologies filed for bankruptcy. The bankruptcy case is ongoing, but Evolve Bank & Trust, one of the banks involved, has released a timeline for distributing...
As of Monday, the company’s stock price was down over 93% this year. Its stock will trade in the over-the-counter market, and the shares will ultimately be canceled, Spirit said. Has this ever happened before? Yes, many U.S. airlines have filed for Chapter 11 bankruptcy p...
Semi truck trailers are pictured at freight trucking company Yellow’s terminal near the Otay Mesa border crossing between the U.S. and Mexico, after the company filed for bankruptcy protection, in San Diego, California, August 7, 2023
From a peak valuation of over $6 billion (CAD), Bre-X’s shares collapsed, and the company soon filed for bankruptcy. Key Takeaways Bre-X Minerals was a major Canadian mining company that perpetrated one of the largest financial frauds in the industry’s history. ...