WASHINGTON: Casual American dining chain TGI Fridays filed for Chapter 11 bankruptcy on Saturday (Nov 2) in the US state of Texas, a company statement said. The bar and grill chain – known for serving up hamburgers, chicken wings and signature cocktails – said its dozens of restaurants in the United States and abroad would remain...
Tam Mei Kam was first declared bankrupt in 2012 for owing lawyers S$384.5K in fees after losing a legal battle over Anita’s estate. Tam Mei Kam, the 100-year-old mother of late Cantopop diva Anita Mui, faces being declared bankrupt for a second time after Hong Kong’s justice minister applied to the high court to have her assets liquidated. The reason for...
PENGERANG: The Johor Insolvency Department will issue certificates to some 13,700 individuals this year under the second chance policy to release them from their bankruptcy status. Its director Juanita Mohd Said stated that this follows amendments made to the Insolvency Act (Amended) 2023 (A1695), which had been enforced since Oct 6 last year. “Until May this year,...
While FTX creditors decried unfair bankruptcy proceedings and decisions, the defunct crypto business offloaded a trove of Solana tokens at a massive discount. FTX’s estate, under bankruptcy administrators led by CEO John J. Ray III, traded 25-to-30 million Solana (SOL) coins well below market prices as the company tried to plug a $16 billion hole left...
The FTX Customer Ad-Hoc Committee has over 1,400 signups and $700,000 in claims. The committee is also preparing to distribute more information to guide members through the bankruptcy plan vote. The additional information will include strategic advice and detailed instructions to assist claimants in making informed decisions and taking concerted action to protect their rights. The FTX...
