Latest in Bankruptcy News
Welcome to “Bankruptcy News.” Following the success of concise Tariff News summaries on Bankruptcy.blog, I’m excited to introduce a new segment dedicated to significant developments in bankruptcy law.
Much like our tariff updates, this new feature includes summaries of key bankruptcy news, always citing the source. My goal is to keep you informed on the latest news when it comes to bankruptcy, whether large or small businesses or consumer bankruptcy filings.
I’m still Cocky, I’m still Flamboyant, I still don’t give a F#ck!– Floyd Mayweather
Wow, crazy to believe that with a 50-0-0 record, arguably the greatest boxer ever, with more than $500 million in earnings, has filed for bankruptcy! Well, that’s because he didn’t. It’s just rumors. Just ask Floyd, who made that clear on his Instagram post.
I Scream, You Scream….
We all still scream for ice cream. Once Rite Aid filed for bankruptcy, one issue is what happens with Thrifty Ice Cream? No need to stress it! Thrifty Ice Cream was sold as part of Rite Aid’s bankruptcy to Hilton Schlosberg, the co-founder of Monster Beverage.
CareerBuilder and Monster.com
Consider that CareerBuilder + Monster have been around for 25 years, and since I have practiced law for 25 years, I clearly remember using them to search for work as well as seeking to hire legal staff. Now, they have filed for Chapter 11 bankruptcy.
CEO Jeff Furman stated, “For over 25 years, we have been a proud global leader in helping job seekers and companies connect and empower employment across the globe. “However, like many others in the industry, our business has been affected by a challenging and uncertain macroeconomic environment.”
Consumer Bankruptcy Filings Are Up!
Bankruptcy filings have increased 10% when compared to a year ago, according to Epiq. This year, 276,126 were filed in the first six months of 2025, versus 251,069 in 2025.
Cryptocurrency Storm X
Storm X, which is a cryptocurrency rebate platform, has filed for Chapter 7 bankruptcy. By filing Chapter 7, that means it is closing permanently. Any assets would be distributed to creditors, but a proof of claim has to be filed.
23andMe Out of Bankruptcy
Former CEO and co-founder of 23andMe, Anne Wojcicki, will be buying back the company after the bankruptcy court accepted a $305 million offer.
Del Monte Foods
Canned fruit company Del Monte Foods has filed for Chapter 11 bankruptcy after failing to restructure its debt. Del Monte Foods has secured more than $1 billion in funding.
The Chapter 11 filing was in the United States Bankruptcy Court for the District of New Jersey. Source: Bloomberg.
Dr. Phil’s Company Files for Bankruptcy
Merit Street Media, owned by Dr. Phil McGraw, aka “Dr. Phil,” has filed for Chapter 11 bankruptcy. The bankruptcy in the Northern District of Texas comes after a third of their staff were laid off in August of last year, with an additional forty employees shortly thereafter. Source: CBS News Money Watch.
Solar Energy
As the Senate continues with all-nighters like they are cramming for a history exam in college, the Big Beautiful is likely to destroy the solar energy industry because it is likely to reduce if not remove tax credits. Mosaic, a lender for solar energy products, has filed for Chapter 11 bankruptcy, as more uncertainty awaits the solar energy market.
Trees n Trends
Trees n Trends, with locations in six states in the southeast, will be closing permanently as it prepares to file for Chapter 7 bankruptcy. Trees n Trends.
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Please note that the information on this site does not constitute legal advice and should be considered for informational purposes only.
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