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Small businesses impacted by the current economic tumult are filing for bankruptcy at levels last witnessed at the outset of the lockdown-induced recession, even as President Joe Biden touts an uptick in new business ventures.
Small businesses impacted by the current economic tumult are filing for bankruptcy at levels last witnessed at the outset of the lockdown-induced recession, even as President Joe Biden touts an uptick in new business ventures.
 
SVB Financial Group, the parent company of Silicon Valley Bank, announced Friday in a press release that it had filed for Chapter 11 bankruptcy protection.
SVB Financial Group, the parent company of Silicon Valley Bank, announced Friday in a press release that it had filed for Chapter 11 bankruptcy protection.
 
SVB Financial Group, the parent company of now-defunct Silicon Valley Bank, is considering bankruptcy as a possible mechanism to sell its other assets, according to a Wednesday report from Reuters.
SVB Financial Group, the parent company of now-defunct Silicon Valley Bank, is considering bankruptcy as a possible mechanism to sell its other assets, according to a Wednesday report from Reuters.
 
Attorneys managing the bankruptcy of defunct cryptocurrency exchange FTX announced that they have recovered some $5 billion in assets to repay defrauded customers and investors.
Attorneys managing the bankruptcy of defunct cryptocurrency exchange FTX announced that they have recovered some $5 billion in assets to repay defrauded customers and investors.
 
Major retail chain Bed Bath & Beyond has reported severe losses and even said that bankruptcy use could be on the table for the company.
Major retail chain Bed Bath & Beyond has reported severe losses and even said that bankruptcy use could be on the table for the company.
 
Current FTX CEO John Ray III, an attorney managing the bankruptcy proceedings of the cryptocurrency company founded by Sam Bankman-Fried, is earning $1,300 per hour in his current position and paying three additional executives $975 per hour each.
Current FTX CEO John Ray III, an attorney managing the bankruptcy proceedings of the cryptocurrency company founded by Sam Bankman-Fried, is earning $1,300 per hour in his current position and paying three additional executives $975 per hour each.
 
Current FTX CEO John Ray III, an attorney overseeing the bankruptcy of the defunct cryptocurrency exchange, testified before the House Financial Services Committee on Tuesday after former FTX CEO Sam Bankman-Fried was arrested and charged with financial crimes.
Current FTX CEO John Ray III, an attorney overseeing the bankruptcy of the defunct cryptocurrency exchange, testified before the House Financial Services Committee on Tuesday after former FTX CEO Sam Bankman-Fried was arrested and charged with financial crimes.
 
Markets are worried that Swiss investment bank Credit Suisse is poised for bankruptcy.
 
Remington Arms Company has filed for bankruptcy for the second time in over two years.
Remington Arms Company has filed for bankruptcy for the second time in over two years.
 
The Boy Scouts of America (BSA) filed for Chapter 11 bankruptcy protection Tuesday morning following “decades” of sexual abuse claims and fears that a class action lawsuit filed by alleged sexual assault victims could leave the organization destitute.
The Boy Scouts of America (BSA) filed for Chapter 11 bankruptcy protection Tuesday morning following “decades” of sexual abuse claims and fears that a class action lawsuit filed by alleged sexual assault victims could leave the organization destitute.
 
Last week’s news that McClatchy newspapers were declaring bankruptcy wasn’t a complete surprise.
Last week’s news that McClatchy newspapers were declaring bankruptcy wasn’t a complete surprise.
 
Proving the obvious is a waste of time but it is still required in our court rooms every day.
Proving the obvious is a waste of time but it is still required in our court rooms every day.
 
Celebrity attorney Michael Avenatti is in a lot of hot water, but he now says that's only because he became a threat to President Donald Trump.
Celebrity attorney Michael Avenatti is in a lot of hot water, but he now says that's only because he became a threat to President Donald Trump.
 
Senator Thom Tillis (R-NC) co-sponsored the bipartisan Honoring American Veterans in Extreme Need (HAVEN) Act this week to protect the economic security and well-being of veterans and their families who rely on disability benefits and may be experiencing financial hardship
Senator Thom Tillis (R-NC) co-sponsored the bipartisan Honoring American Veterans in Extreme Need (HAVEN) Act this week to protect the economic security and well-being of veterans and their families who rely on disability benefits and may be experiencing financial hardship
 
Senator Thom Tillis (R-NC) co-sponsored the bipartisan Honoring American Veterans in Extreme Need (HAVEN) Act this week to protect the economic security and well-being of veterans and their families who rely on disability benefits and may be experiencing financial hardship.
Senator Thom Tillis (R-NC) co-sponsored the bipartisan Honoring American Veterans in Extreme Need (HAVEN) Act this week to protect the economic security and well-being of veterans and their families who rely on disability benefits and may be experiencing financial hardship.
 
About this time each year we looked forward to receiving the Sears Wish Book. This wonderful catalogue was about three inches thick, packed with thousands of items
About this time each year we looked forward to receiving the Sears Wish Book. This wonderful catalogue was about three inches thick, packed with thousands of items
 
Today, Senators Thom Tillis (R-NC), John Cornyn (R-TX), and Chuck Grassley (R-IA) introduced the PROTECT Asbestos Victims Act, commonsense legislation that provides much-needed oversight of asbestos bankruptcy trusts to ensure victims receive just compensation
Today, Senators Thom Tillis (R-NC), John Cornyn (R-TX), and Chuck Grassley (R-IA) introduced the PROTECT Asbestos Victims Act, commonsense legislation that provides much-needed oversight of asbestos bankruptcy trusts to ensure victims receive just compensation
 
The Good News: Detroit is not gone. The Bad News: Detroit Is Still There.
The Good News: Detroit is not gone. The Bad News: Detroit Is Still There.
 
Yesterday, bipartisan legislation co-sponsored by U.S. Senator Thom Tillis (R-NC) making it easier for family farmers to reorganize debts when facing bankruptcy received final approval in Congress and is headed to the president's desk for signature
Yesterday, bipartisan legislation co-sponsored by U.S. Senator Thom Tillis (R-NC) making it easier for family farmers to reorganize debts when facing bankruptcy received final approval in Congress and is headed to the president's desk for signature
 
Eliminating the debt limit has long been a cause of liberal commentators, media elites and Washington insiders
Eliminating the debt limit has long been a cause of liberal commentators, media elites and Washington insiders
 
It is common knowledge that students who have amassed large college debt burdens cannot discharge those debts through bankruptcy.
It is common knowledge that students who have amassed large college debt burdens cannot discharge those debts through bankruptcy.
 
It's football season. One of the favorite stats of sports drive-bys is time of possession (a/k/a "time on offense.") The longer your team has the ball, the longer the other team is without the ball AND a chance to score points against you.
It's football season. One of the favorite stats of sports drive-bys is time of possession (a/k/a "time on offense.") The longer your team has the ball, the longer the other team is without the ball AND a chance to score points against you.
 
Ever since the obstreperous Occupy Wall Street protests of 2011, Americans have been getting an earful about the alleged crisis of student loan debt.
Ever since the obstreperous Occupy Wall Street protests of 2011, Americans have been getting an earful about the alleged crisis of student loan debt.
 
A 1997 bill that exempted "payday lenders" from state usury laws was allowed to sunset in 2001, and the last storefront lenders were shut down in 2005.
A 1997 bill that exempted "payday lenders" from state usury laws was allowed to sunset in 2001, and the last storefront lenders were shut down in 2005.
 
We have for a long time had bankruptcy laws that have served us well. They are understood and over time and usage they have worked.
We have for a long time had bankruptcy laws that have served us well. They are understood and over time and usage they have worked.
 
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