Big Lots is reportedly considering bankruptcy amid continued declines in sales. The off-price home goods retailer received a loan earlier this year to help it navigate a liquidity crunch and is now seeking investors in an attempt to avoid bankruptcy, Bloomberg reported Wednesday (Aug. 28), citing unnamed sources. No final decision has been made on any
FTX has committed to a bankruptcy liquidation that will repay customers whose deposits were locked during its late 2022 collapse. A United States court has ordered bankrupt cryptocurrency exchange FTX to pay $12.7bn in relief to its customers, the Commodity Futures Trading Commission has said. FTX drew customers in with “an illusion that it was
By Mitchell Goodbar For Dailymail.Com 00:03 29 Jun 2024, updated 00:03 29 Jun 2024 A financial guru offered some sobering advice to an 86-year-old woman with leukemia who was struggling to pay off $30,000 in credit card debt. Dialing into The Ramsey Show for some sorely needed guidance, a caller identifying herself as Joan explained
On Friday, the Consumer Financial Protection Bureau (CFPB) filed a new lawsuit against the Pennsylvania Higher Education Assistance Agency (PHEAA) for unlawfully collecting payments that borrowers no longer owe, as they were discharged through bankruptcy. This is the second lawsuit filed by the CFPB against PHEAA in May, an earlier one accused the servicer from
Three former executives with bankrupt crypto lender Cred were indicted Thursday on charges of conspiracy to commit wire fraud, wire fraud and engaging in financial transactions for illicit purposes. Daniel Schatt, a Cred co-founder and former CEO, Joseph Podulka, former CFO, and James Alexander, the former chief capital officer, were indicted by the U.S. Attorney’s