Today: 11 November 2025
Subscribe
Browse Tag

bankruptcy

Axia Energia debuts AXIA3; court declares Oi bankrupt; Kepler Weber gets R$11 offer — Brazil market wrap (Nov 10)

Axia Energia debuts AXIA3; court declares Oi bankrupt; Kepler Weber gets R$11 offer — Brazil market wrap (Nov 10)

São Paulo — November 10, 2025. Key points Axia Energia: new tickers on B3 and NYSE Axia Energia—Eletrobras’ new name—debuted its tickers on B3 this Monday: AXIA3 (common), AXIA5 (preferred A) and AXIA6 (preferred B). On the NYSE, the company’s ADRs now trade as AXIA (common) and AXIA PR (preferred), replacing EBR and EBR.B. Axia marked the change with a bell‑ringing ceremony at B3 around 9 a.m. (Brasília). At 10:45 a.m., AXIA3 rose 1.84% to R$59.76 while AXIA6 advanced 1.57% to R$62.92. InfoMoney B3’s own investor portal Bora Investir confirms the new codes and trading name (“AXIA ENERGIA”). A Citibank
10 November 2025
 ·  ·  ·  · 
Jack’s Donuts Bankruptcy Shakes Indiana – 64-Year-Old Doughnut Chain Faces Uncertain Future

Jack’s Donuts Bankruptcy Shakes Indiana – 64-Year-Old Doughnut Chain Faces Uncertain Future

Chapter 11 Filing and What It Means Jack’s Donuts – an Indiana-based donut chain founded in 1961 – stunned local fans and franchisees by filing for Chapter 11 bankruptcy protection in late October 2025 whatnow.com. Chapter 11 is a form of bankruptcy that allows a business to reorganize its finances under court supervision rather than liquidate entirely wrtv.com. In practical terms, this means Jack’s Donuts is not closing its doors. The company will continue operating while it restructures debt and crafts a turnaround plan under oversight of the bankruptcy court. According to federal court records, Jack’s Donuts of Indiana Commissary,
31 October 2025
 ·  ·  ·  · 
New Fortress Energy Seeks U.K. Lifeline to Dodge Bankruptcy – Shares Crash as $9 B Debt Weighs

New Fortress Energy Seeks U.K. Lifeline to Dodge Bankruptcy – Shares Crash as $9 B Debt Weighs

Deep Dive: $9 B Debt Crunch Drives Unconventional Plan New Fortress Energy – a company founded by billionaire Wes Edens – grew rapidly in recent years as an integrated gas-to-power provider, building liquefied natural gas terminals, floating LNG (FLNG) facilities, and power plants from the Americas to Asia. But that breakneck expansion came at a cost: nearly $9 billion in debt piled up on its balance sheet news.bloomberglaw.com. When several major projects hit delays and cost overruns, NFE’s revenues and cash flows fell short, making it increasingly difficult to meet its heavy debt obligations news.bloomberglaw.com. The company even suspended its dividend late
29 October 2025
 ·  ·  ·  · 
CandyWarehouse’s Halloween Horror: Major Online Candy Retailer Files for Bankruptcy Days Before Oct 31

CandyWarehouse’s Halloween Horror: Major Online Candy Retailer Files for Bankruptcy Days Before Oct 31

CandyWarehouse’s decision is unusual timing. The online sweets retailer said in court filings that it is insolvent and unable to pay its debts. Bankruptcy records confirm the Chapter 11 petition lists roughly $100K–$500K in assets versus $1M–$10M in debts pacermonitor.com. A hearing is set for Oct 29 on motions to continue operations (such as paying workers and suppliers), so CandyWarehouse can restructure rather than liquidate whatnow.com. In a press release, the company noted this step “will determine how the company moves forward as it works to preserve its brand and nationwide customer base” whatnow.com. Retail analysts say CandyWarehouse’s woes reflect broader
28 October 2025
 ·  ·  ·  · 
Jefferies Stock Plunge Deepens Amid Bankruptcy Fallout – Will a Rebound Follow?

Jefferies Stock Plunge Deepens Amid Bankruptcy Fallout – Will a Rebound Follow?

Stock Hits Multi-Month Low Amid Legal Fallout Jefferies shares have been on a wild ride in recent weeks, culminating in a steep plunge on October 16. The stock sank intraday to about $50 – territory not seen in over four months – before closing at $48.80, down over 10% for the day stockinvest.us. The selloff erased roughly one-quarter of Jefferies’ market value in just two weeks, capping a slide from the mid-$60s in late September ts2.tech. The immediate trigger for the latest drop was mounting scrutiny over Jefferies’ exposure to a client’s bankruptcy and the wave of shareholder lawsuits that
17 October 2025
 ·  ·  ·  ·  · 
Mexican Dining Crisis: Beloved Chains File Bankruptcy and Close Doors as Industry Hits Breaking Point

Mexican Dining Crisis: Beloved Chains File Bankruptcy and Close Doors as Industry Hits Breaking Point

In summary, a squeeze on mid-tier Mexican chains is underway: beloved sit-down restaurants are shuttering locations or reorganizing under bankruptcy, even as fast-casual Mexican concepts (like Chipotle) remain popular. Oversupply of similar full-service concepts, plus inflation and labor costs, have forced chains like Abuelo’s to downsize dramatically ibtimes.co.uk calcoasttimes.com. Experts say the fallout is a wake-up call – legacy diners must adapt or consolidate. On the bright side, overall demand for dining out is not collapsing (Sysco reports only a ~1% dip in traffic industry-wide ts2.tech), and consumer surveys show that most people still enjoy eating at restaurants restaurant.org. If
12 October 2025
 ·  ·  ·  · 
Jefferies Scrambles as First Brands’ $10 Billion Bankruptcy Reveals $2.3 Billion in ‘Vanished’ Debt

Jefferies Scrambles as First Brands’ $10 Billion Bankruptcy Reveals $2.3 Billion in ‘Vanished’ Debt

First Brands’ Debt-Fueled Rise and Spectacular Fall First Brands Group’s journey from industry consolidator to bankruptcy cautionary tale was swift and dramatic. The company – a leading supplier of replacement auto parts like oil filters, brake pads and windshield wipers – grew aggressively through debt-financed acquisitions in the 2010s livemint.com. By 2025, it owned well-known aftermarket brands such as Raybestos (brake components), TRICO (wiper blades) and FRAM (engine filters), selling through major retailers like Walmart and AutoZone ts2.tech. However, this rapid expansion came at the cost of a towering debt load that far outpaced its earnings. Over the summer of
9 October 2025
 ·  ·  ·  ·  · 
Wolfspeed’s Wild Ride: From Bankruptcy Plans to EV Boom – What’s Next for WOLF Stock?

Wolfspeed’s Wild Rebound: Stock Jumps 33% as Chipmaker Escapes Bankruptcy /1:20 PM ET/

Stock Performance Wolfspeed’s share price has been extremely volatile. After peaking near $134 in late 2021, WOLF plunged on operational setbacks, falling into low single digits by mid-2025 eetimes.com. It briefly hit multiyear lows (around $0.39) during the summer bankruptcy period reuters.com. The Sept. 30, 2025 trading day saw WOLF trade up around 46% intraday (close ~$32.39) reuters.com, fueled by the Chapter 11 exit announcement reuters.com. This dramatic rebound put the stock roughly 80% above its prior 52-week low and firmly at a one-year high. Trading volume has spiked accordingly, reflecting frenzied investor interest. (For context, Wolfspeed’s market cap is now on
30 September 2025
 ·  ·  ·  ·  · 
First Brands Group Files for Chapter 11, Discloses $10–$50 Billion in Liabilities

First Brands Group Files for Chapter 11, Discloses $10–$50 Billion in Liabilities

Overall, First Brands Group’s Chapter 11 filing represents a major failure in the auto aftermarket space. It underscores the dangers of aggressive debt structures in a rising-rate environment. For now, the company has stayed open for business, suppliers will continue to ship parts, and customers (retailers and repair shops) will receive product normally. The big questions remain how much debt can be restructured, who will control the reorganized firm, and what this means for competitors. Any final outcome (sale or restructuring) will likely emerge only after lengthy court proceedings in the coming months. Sources: First Brands’ Chapter 11 petition and press
30 September 2025
 ·  ·  ·  ·  · 
Go toTop