Economy Nov 16 House panel to hold hearing on cryptocurrency exchange FTX collapse By Fatima Hussein, Associated Press
Economy Nov 15 Watch 6:42 Collapse of FTX raises questions about cryptocurrency’s viability The fallout keeps growing for the cryptocurrency industry after an unexpected bankruptcy involving one of the largest and most well-known exchanges, FTX. Its downfall has renewed concerns about the safety and credibility of many cryptocurrencies and their values have plunged…
Economy May 23 Debt and coronavirus push Hertz into bankruptcy protection Hertz has filed for bankruptcy protection, unable to withstand the coronavirus pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company’s business. By Tom Krisher, Associated Press
Nation May 05 Saints emails, lawsuits could be buried in church bankruptcy A bankruptcy filing by New Orleans’ Roman Catholic archdiocese freezes sexual abuse lawsuits and could help bury the details of alleged cover-ups of predator priests and thousands of internal emails. By Jim Mustian, Michael Rezendes, Associated Press
Nation Dec 18 Judge OKs nearly $25 billion for PG&E fire victims, insurers A federal bankruptcy judge on Tuesday approved two Pacific Gas & Electric settlements totaling $24.5 billion to help pay the losses suffered by homeowners, businesses and insurers in the aftermath of catastrophic Northern California wildfires that sent the nation’s largest… By Michael Liedtke, Associated Press
Aug 08 Opinion: The link between more seniors filing for bankruptcy and the unraveling social safety net By Philip Moeller Even as current support programs fall short of meeting retiree needs, Social Security, Medicare and Medicaid spending for older Americans is projected to take an ever-larger bite of total federal spending. Continue reading
Apr 10 Political hopes dashed, Detroit bankruptcy case has “done me in,” Kevin Orr says By Ellen Rolfes Kevin Orr, who was appointed to oversee all Detroit's finances in March 2013, told Reuters on Wednesday that his experience with the Motor City's bankruptcy case has made him rethink ever becoming a politician. Continue reading
Apr 30 Watch Other News: House Advances Credit Card Regulations; U.K. Troops End Iraq Mission In other news, the House voted overwhelmingly to rein in credit card companies, and the Senate defeated a measure to give homeowners relief in federal bankruptcy court. In Iraq, British troops handed command of Basra to U.S. forces. Continue watching