Tag Archives: Bankruptcy

Many Airlines At Brink Of Bankruptcy, Need Government Support: Industry Body

Aviation Industry Stares At Loss Of Up To $3.6 Billion In Q1 Due To Travel Ban

New Delhi: As cash reserves of aviation sector companies are “running down quickly” as planes are grounded amid the coronavirus pandemic, industry body FICCI on Wednesday recommended several measures to Finance Minister Nirmala Sitharaman and Civil Aviation Minister Hardeep Singh Puri to help aviation firms. FICCI stated in its letter …

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Google Pushes Ex-Exec Turned Church Leader Into Bankruptcy

Google Pushes Ex-Exec Turned Church Leader Into Bankruptcy

Google successfully sued a former executive turned church leader into bankruptcy. Earlier this week, the company won $179 million worth of restitution fees from Anthony Lewandowski, who headed its self-driving unit until early 2016. The arbitration proceedings already concluded in late 2019, but a San Francisco court made the ruling …

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Boy Scouts bankruptcy bid prompts other sex abuse victims to step forward

Boy Scouts bankruptcy bid prompts other sex abuse victims to step forward

As word came that the Boy Scouts of America had filed for bankruptcy protection, one alleged abuse survivor was moved to come forward with a story of being abused and threatened that he says he’d been living with for six decades. The man told NBC News he was a 14-year-old …

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Boy Scouts of America files for bankruptcy amid hundreds of sexual abuse lawsuits

Lawyer: 12,000 Boy Scouts were abused over decades

The youth organization, which celebrated its 110th anniversary February 8, listed liabilities of between $100 million and $500 million, but $50,000 or less in assets. The bankruptcy filing comes at a time when the organization faces hundreds of sexual abuse lawsuits, thousands of alleged abuse victims and dwindling membership numbers. …

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Facing a Wave of Sex-Abuse Claims, Boy Scouts of America Files for Bankruptcy

Facing a Wave of Sex-Abuse Claims, Boy Scouts of America Files for Bankruptcy

The Boy Scouts of America, an iconic presence in the nation’s experience for more than a century, filed for bankruptcy protection early Tuesday, succumbing to financial pressures that included a surge in legal costs over its handling of sexual abuse allegations. Founded in 1910, the Boy Scouts have long maintained …

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Couple out thousands of dollars after wedding venue shuts down abruptly

Couple out thousands of dollars after wedding venue shuts down abruptly

San Antonio – Families across the nation, including right here in San Antonio, are left scrambling for answers after an event venue they’ve booked for thousands of dollars will officially shut down Sunday. That venue, Noah’s Event Venue, filed for bankruptcy without warning to some clients. “I have my wedding …

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