Bed Bath & Beyond can’t pay creditors, and bankruptcy is looming

FOX Business host Stuart Varney argues that Biden’s economic remarks are a “distraction from the fiasco of his documents.” Bed Bath & Beyond came close to bankruptcy with a terrible financial disclosure. The local merchandise retailer announced Thursday that it couldn’t pay debts that were suddenly due when credit officer JPMorgan slapped the company with … Read more

Robin Lehner files for bankruptcy over ownership of Exotic Snake Farm

(Image credit: photographer Brandon Andreessen) Golden Knights goaltender Robin Lehner and his wife, Dunya, filed for Chapter 7 bankruptcy in the District of Nevada on December 30, 2022. According to a public filing, Lehner estimates his assets to be between $1-10 million while his liability to creditors is between $10-50 million. In bankruptcy filing … Read more

Hyatt Regency: From Marriott to Hyatts to Le Meridien, luxury hotel assets stuck in bankruptcy courts

Hyatt Regency Mumbai; Image credit: summary A total of 118 companies from the hotel and hospitality sector are stuck in various stages of bankruptcy proceedings. The origins of the premium hotels also stuck. As these premium estates spend years in bankruptcy, the burden of maintaining them increases, leading to decay in some cases. As … Read more