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The Latest Breaking News from Debtor

Bombshell texts in Dr. Phil case appear to reveal brazen and ‘problematic’ bankruptcy ‘scheme’ to kickstart new media company

‘The documents produced to date demonstrate that this bankruptcy was conceived as a scheme to divert the Debtor’s employees and intellectual property to Envoy, a competing business Dr. Phil founded the day before this case was filed,’ the Professional Bull Riders stated in its filing this week.

The Independent UK

Byju Raveendran held guilty of contempt by US court, civil sanctions imposed

Byju Raveendran, the co-founder of ed-tech giant BYJU’s, was held guilty of contempt by the Delaware Bankruptcy Court in the US on Monday, July 7. The court also imposed civil sanctions worth USD 10,000 per day on him beginning July 1. Byju had maintained that the Delaware court does not…

Newslaundry

Rudy Giuliani forced to pay nearly $300k to firm that probed his finances in tossed bankruptcy case

There was an ‘alarming and inappropriate lack of financial transparency by the debtor’ that led to more work for the firm, the bankruptcy court judge said

The Independent UK

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Judge may haul Giuliani back to court over his ‘troubling’ refusal to share finances

The bankruptcy judge floated the idea that the former mayor may have to testify under oath

The Independent UK

Broke Rudy Giuliani explains first-class trip to RNC that infuriated creditors

The former mayor’s bankruptcy creditors have asked for ‘additional disclosure’ over his recent expenditures, including his trip to Republican convention where he fell

The Independent UK

Giuliani creditors rip former mayor saying he is a ‘doddering’ man who treats bankruptcy as a ‘joke’

‘This bankruptcy case is not a Disney movie, and the Debtor’s wish is not this Court’s command,’ the creditors wrote in a scathing filing against the former New York City mayor

The Independent UK

3 Groups File Competing Claims For Sam Bankman-Fried's $11B Forfeited Assets

Sam Bankman-Fried was ordered to forfeit $11 billion in assets after he was found guilty of fraud and other related charges late last year, and now three separate groups are claiming all or some of the assets linked to the collapse of the FTX crypto empire.

International Business Times

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Giuliani accused of spending money meant for bankruptcy case on his girlfriend and her daughter

Rudy Giuliani has filed bankruptcy and now people owed money say he is paying family instead of them.

The Independent UK

Bankruptcy trustee should take over Giuliani’s assets, creditors’ attorneys say

Former mayor repeatedly lied and deceived creditors about his finances to avoid money going to them, lawyers say in court filing

The Guardian - US

Terraform Labs Says Bankruptcy Filing 'Critical' In Its SEC Lawsuit Appeal

Terraform Labs, the blockchain firm behind the TerraUSD (UST), said Tuesday that its Chapter 11 bankruptcy filing would also help keep the Terra network's operations rolling.

International Business Times

FTX sues Sam Bankman-Fried and other former execs to recoup over $1 billion

The saga surrounding the collapse of crypto company FTX took another twist today after the bankrupt business unveiled a fresh lawsuit against its former boss Sam Bankman-Fried in a bid to recoup hundreds of millions of dollars.

Evening Standard

The strange case of SVB Capital

Hundreds of pages of bankruptcy filings reviewed by Term Sheet outline the bizarre limbo the VC unit finds itself in.

Fortune

Bike Bandit Appears To Live Up To Its Name In Ugly Bankruptcy Filings

Online motorcycle parts, accessories, and gear retailer Bike Bandit filed for bankruptcy in February, 2022--but it still kept taking orders on its website.

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