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Bertucci files for Chapter 11 bankruptcy, closure of 2 New Hampshire restaurants

WELL, JIMMY, IT’S TRUE, BERTOLUCCI’S AT THE MALL OF NEW HAMPSHIRE IS NOW PERMANENT. LEE CLOSE, THE RESTAURANT’S PARENT COMPANY, BLAMES PANDEMIC INFLATION FOR WHY IT HAD TO FILE BANKRUPTCY. NOW IN THIS FILE BERTUCCI SAYS DUE TO THE COVID 19 PANDEMIC AND THE IMPACT OF INFLATION, SALES HAVE DECLINED WHILE SPENDING. IN 2021, THE …

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Celsius customers with collateral stuck on failing crypto platform turn to bankruptcy process for relief

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Alan Knitowski has an MBA, has worked in technology and finance for over 25 years, and is CEO of a Nasdaq-listed mobile software company. That didn’t stop him from getting duped by a crypto firm. Knitowski borrowed $375,000 from crypto lender Celsius over several years and posted $1.5 million in bitcoins as a guarantee. He …

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Crypto lender BlockFi files for bankruptcy as FTX ripple effect spreads

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Filing follows weeks after FTX collapse FTX listed as BlockFi’s #2 creditor Bitcoin down over 70% from 2021 peak Nov 28 (Reuters) – Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy, it said on Monday, the latest crypto casualty after the exchange’s dramatic collapse FTX earlier this month. The New Jersey court filing comes …

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Crypto Lender BlockFi Files For Bankruptcy As FTX Fallout Spreads

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BlockFi, a cryptocurrency lender that targeted mainstream investors hungry for a piece of the crypto mania, filed for bankruptcy on Monday, battered by its financial ties to FTX, the beleaguered exchange whose recent slump has rattled the market. crypto industry at its heart. Based in Jersey City, NJ, BlockFi primarily marketed itself to retail investors, …

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FTX Assets Still Missing as Company Begins Bankruptcy Process

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Lawyers for the collapse of cryptocurrency exchange FTX on Tuesday painted a grim picture of the company’s finances and the fate of the billions of dollars in assets that customers lost. “A substantial amount of assets have been stolen or are missing,” said James Bromley, a partner at the Sullivan & Cromwell law firm that …

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