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4 mins read
Failed crypto exchange FTX's spectacular collapse was due to 'hubris, incompetence, and greed,' says first debtors' report
The report also alleged FTX lacked basic accounting and financial controls and was under the comman…
Huileng Tan
2 mins read
Lawyers for FTX customers accuse debtors of failing to file full financial disclosures
Eversheds Sutherland lawyers, which are representing the majority of FTX customers, urge debtors to…
Pete Syme
4 mins read
From threatening skeptical execs to approving expenses with emojis, here are the 6 most damning claims from FTX's first debtors report
"We sometimes find $50m of assets lying around that we lost track of; such is life," FTX founder Sa…
Morgan Chittum
1 min read
Debt collectors are allowed to DM you on social media now
Debt collectors have to identify debtors straight away if they make contact on social media and the…
Isobel Asher Hamilton
3 mins read
Here's how student debt could be redefined by the nation's first debtors' union. Democracy might just get rescued in the process.
Creditors and debtors have a "power relationship masquerading as a relationship of equality," Astra…
Ayelet Sheffey
1 min read
IBC: Govt notifies regulations for personal guarantors to corporate debtors
New Delhi, Nov 20 () The government on Wednesday notified the regulations for personal guarantors t…
PTI
4 mins read
Debtors in China are placed on a blacklist that prohibits them from flying, buying train tickets, and staying at luxury hotels
Defaulters are also prevented from staying at hotels with three-stars or more. They also face tough…
Tara Francis Chan
2 mins read
Wall Street Banks Confirm America's Debtors Are Whipping Themselves Into Shape
What's really cool about all of this is that it's all happening while consumer credit is expanding.…
Linette Lopez
3 mins read
AMERICA'S DEBTORS' PRISONS: If You Are Poor, Don't Get Caught Speeding
That same judgment accused Harpersville of operating a "debtors' prison", though the judge noted th…
2 mins read
There's a fight between angry student debtors and the Education Department over a law nobody knows how to interpret
But the ED is leaning towards an individualized approach, mindful of the precedent such a move woul…
Abby Jackson
3 mins read
Billionaire investor Ray Dalio has a solution for China, but it'll need Beijing to radically remake its own rules
Dalio, whose company runs the biggest foreign hedge fund in China, says the country needs to start …
Matthew Loh
1 min read
Billionaire investor Ray Dalio warns debt is being devalued as governments pile it up and central banks keep rates artificially low
Ray Dalio says he is worried by the amount of debt held globally, and how central banks are using i…
Kelly Cloonan
2 mins read
Vacations, planes, and high-speed trains are off limits if you're in too much debt in China
So-called deadbeat debtors are stigmatized, face travel restrictions and have trouble getting gover…
Camilo Fonseca
4 mins read
Rudy Giuliani scores rare legal win as judge dismisses bankruptcy case but it comes with a huge asterisk
Giuliani can now appeal a $148 million judgment, but it comes with a big asterisk: He can't seek ba…
Jacob Shamsian
3 mins read
These are all the Red Lobster restaurants the company wants to close
Red Lobster said that the leases on the restaurants were "likely to continue to drive losses" for t…
Grace Dean
3 mins read
Middle-class Gen Xers are facing a new retirement challenge: their student loans
Student-loan debt is weighing down older workers, who may see their Social Security garnished to pa…
Juliana Kaplan,Ayelet Sheffey
2 mins read
Redbox's parent company stopped paying employees for over a week before finally filing for bankruptcy
Redbox's owner, Chicken Soup for the Soul Entertainment, filed for bankruptcy protection on June 28…
Lauren Edmonds
4 mins read
6 major differences between Netflix's 'The Perfect Couple' and the book it's based on — including a dramatically altered ending
Fans of Elin Hilderbrand's bestseller will notice some key differences between the book and the Net…
Eve Crosbie
5 mins read
Rudy Giuliani interrupts his own bankruptcy hearing, yelling it's 'defamatory' to accuse him of bankruptcy fraud
Giuliani, recently disbarred, erupted during his bankruptcy hearing — but he may actually score a l…
Jacob Shamsian
2 mins read
Creditors are coming after Rudy Giuliani's $3.5 million Florida condo in bankruptcy filing
Rudy Giuliani may have to sell his $3.5 million Palm Beach, Florida home in his ongoing bankruptcy …