Bankruptcy - The Daily NewsBrief

Alex Jones’ Infowars Files Bankruptcy in Texas Court

April 18, 2022 by Fourth Estate Wire

Far-right conspiracy website Infowars has filed for bankruptcy after its founder Alex Jones was found liable for damages in three lawsuits last year after claiming that the Sandy Hook school...

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Lebanon Deputy Prime Minister Declares National Bankruptcy

April 4, 2022 by Fourth Estate Wire

Lebanon Deputy Prime Minister Saadeh Al-Shami on Monday says that state and Central Bank Banque du Liban have gone bankrupt with the authorities are working to reduce losses for the...

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Puerto Rico Announces Largest Public Debt Restructuring in US History After Exiting Bankruptcy

March 16, 2022 by Fourth Estate Wire

Puerto Rico has announced it will restructure debts after the commonwealth exited bankruptcy. According to Financial Oversight and Management Board for Puerto Rico (FOMB), the debt restructuring will pave the...

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Fitch Downgrades Evergrande Group, Units to ‘Restricted Default’

December 9, 2021 by Fourth Estate Wire

Fitch Ratings announced on Thursday that it downgraded China Evergrande Group and its subsidiaries to “restricted default” after the heavily indebted developer had missed an important interest payment this week....

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Evergrande Sells Entire Share in HengTen for $273M

November 18, 2021 by Fourth Estate Wire

China Evergrande Group is planning to sell its entire stake in streaming company HengTen Network Holdings for HK$2.13 billion ($273.5 million) as the embattled developer disposes of assets to pay...

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Spanish Renewable Energy Company Abengoa SA Files for Bankruptcy

February 24, 2021 by Fourth Estate Wire

Spanish renewable energy company Abengoa SA has filed for bankruptcy on Monday, after it failed to secure a deal to restructure its debts. The company had 7.9 billion euros in...

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