Express bankruptcy articles
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FTX Customers Express Frustration Despite 118% Payouts In Bankruptcy Case—Here's Why
Customers of the defunct FTX crypto exchange find themselves at the center of a complex bankruptcy case with potentially promising outcomes. While the process has been far from smooth, the recent surge in the crypto market has bolstered the value of FTX’s assets, resulting in the possibility of customers receiving payouts that exceed their initial […]
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Red Lobster Files For Bankruptcy
After closing dozens of locations, Red Lobster has filed for bankruptcy. pic.twitter.com/8EdTB6Sir2— IGN (@IGN) May 20, 2024Red Lobster, America's largest seafood chain known for its shrimp and Cheddar Bay biscuits, has filed for bankruptcy.Its seafood restaurants are in hot water after a series of bad choices by execs, including an ill-fated promotion for all-you-can-eat-shrimp starting at $20.Red Lobster's troubles include "a difficult macroeconomic environment, a bloated and underperforming...
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Red Lobster files for bankruptcy
Red Lobster filed for Chapter 11 bankruptcy on Sunday, announcing it will close a significant number of its restaurants and sell equipment in an attempt to raise funds. The announcement comes a wee