chapter 7 bankruptcy

Mark Cuban, the billionaire investor and co-owner of the Dallas Mavericks, has seen one of his investments take a turn for the worse. What Happened: Sorfeo Inc., a Northern Virginia-based startup, has filed for Chapter 7 bankruptcy, as reported by Washington Business Journal. The company, which...

Cryptocurrency firm SafeMoon (CRYPTO: SFM) declared Chapter 7 bankruptcy. The company revealed in its Utah Bankruptcy Court submission that it has liabilities ranging from $100,000 to $500,000. Additionally, SafeMoon reported holding assets worth $10 million to $50 million, with 50 to 99...

An Illinois trucking company, facing mounting legal problems, shuttered operations and filed Chapter 7 bankruptcy on Monday. Mardon Trucking Inc., headquartered in Countryside, filed its petition in the U.S. Bankruptcy Court for the Northern District of Illinois.  The trucking company, which once...

Hostess Brands Inc. (NASDAQ: TWNK) has returned from its 2013 bankruptcy with a clean slate, including new bakeries, new owners and new management. This year, the company has revamped popular product lines and announced Andy Callahan as the CEO. The Analyst Citigroup analyst Alexis Borden initiated...