Bankruptcy News

Amazon plans to raise at least $25 billion through an eight-part bond sale, as it looks to continue its massive artificial intelligence buildout, sources told CNBC’s David Faber. The company has also shared with its underwriters that it won’t issue any more debt this…

Credit card debt hit a record high of $930 billion for Americans in the final quarter of 2019, according to the latest data from the Federal Reserve Bank of New York released on Feb. 11. That’s a $46 billion increase in credit…

The biggest U.S. banks would be able to absorb more than $708 billion in losses in a severe global recession while continuing to lend to households and businesses, according to the Federal Reserve’s annual stress test released Wednesday. All 32…

Americans hoping for relief from high borrowing costs may have to wait longer. Just weeks ago, investors expected borrowing costs on products such as credit cards, auto loans and home equity lines of credit — all tied to the Federal…

I could end the deficit in five minutes,” he said. “You just pass a law that says that any time there’s a deficit of more than three percent of GDP, all sitting members of Congress are ineligible for re-election. Yeah,…

Economic conditions like gas prices well above $4 a gallon, according to AAA estimates, and annual inflation nearing 4%, per the Bureau of Labor Statistics, are pushing Americans’ financial stress levels higher. The National Foundation for Credit Counseling expects Americans’ economic stress levels to tick…

On 15 September 2008, Bobby Seagull arrived at his office in Canary Wharf just before 6am. It was the last time he would need to be on time. He was a trader at Lehman Brothers, an American bank undergoing serious…

NEWARK, N.J. – A Morristown man pled guilty on May 4, 2026 to conspiring to defraud small businesses by making false promises to induce them to enter debt relief contracts, U.S. Attorney Robert Frazer announced. “This defendant didn’t just break…

Spirit Airlines’ more than three-decade run ended over the weekend, but on Tuesday it was just starting the monthslong process of dismantling the company after the biggest U.S. airline collapse in a generation. Spirit and its stakeholders were in bankruptcy court in White…

NEW YORK/ALEXANDRIA – May 6, 2026 — The 644 commercial chapter 11 bankruptcy filings in April 2026 represented at 42 percent increase over the 454 filings recorded in April 2025, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data.…