#bankruptcy

Bankrupt with in a year , don't let this fail company give tunnel vision
Reinvent your self, get a better job,start a small business is a whole world out there with a better life .
Is time to fly and you know it.
Fear nothing!!
P.S. fudge flu shorts what a scam

And we really need to plan for next step. Takis does not know what he is doing. I heard the Fiserv Forum has been a colossal failure…

Google agreed to pay $10 million for an enormous trove of business data from bankrupt Spirit Airlines—but the carrier’s flight attendant union is raising questions about what happens to privacy after a company goes belly up and AI swoops in.

https://www.forbes.com/sites/suzannerowankelleher/2026/08/18/google-train-ai-spirit-airlines-data/

Does anyone actually believe that this is a good product that is competitive in market

They keep acting like it's going to save the company but all I continue to see is square cause merchants prefer it

How are we not bankrupt yet

Even if it takes off, it's only small businesses

when do we start the merger with Comcast? before the administration changes I'm sure? are they just going to create a small new company like Altice/Optimum did to place all of their debt in and let that portion go bankrupt?

Would that work to not comply with new RTO and drag it out as long as possible till they terminate me or lay me off. Would this set me up for a possible layoff package and I could get unemployment benefits?

Transcript: The 500 billion dollar company Oracle is now on the brink of bankruptcy.
And the situation is only getting worse.
Let me explain.
The company has now taken on over 130 billion dollars to rapidly build A I.
Data centers to satisfy. Their over $638 billion in demand for A I capacity.
Now it doesn't sound that crazy until you look at the numbers closer.
Nearly 50% of the entire demand comes from just one company
Open A I. The same company that lost over $38 billion last year
and is on track to lose over $27 billion this year.
The Company has no path to profitability
and if they pull out their commitments to Oracle,
then they have a 300 billion dollar problem.
And investors are already anticipating this is going to happen.
The cost of insuring Oracle's debt has skyrocketed to over 200 basis points,
which is even higher than when Lehman Brothers collapsed in 2008.
But it gets worse. The same man
that made over a billion dollars shorting the housing market in 2008,
Michael Burry, just put out a massive short position on Oracle.
And if he's right like he usually is,
then this could collapse the entire A I bubble.

Source:
https://vm.tiktok.com/ZN8Ru8Ujp/

Fiserv
FISV
Last Price $52.41
My Fair Value Select

New major risk - Financial position
The company's interest payments are not well covered by earnings.

Net interest cover: 3.0x
This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario.

Cumulus Media has begun a new series of job reductions impacting sales and programming departments. These layoffs are occurring as the company prepares to formally emerge from bankruptcy proceedings. This action follows similar workforce reductions seen at other media companies, such as iHeartMedia. Cumulus initially filed for prepackaged bankruptcy in March. Heath Freeman's investment firm now holds a significant stake in the reorganized company.

Atlanta, Georgia

https://www.mediapost.com/publications/article/417058/cumulus-media-initiates-a-round-of-layoffs.html?edition=143431

A bankrupt Eastern Kentucky coal operator has been sold at auction. Clintwood JOD LLC owed over $60 million in debt. The company was purchased for $1.1 million by CW Reclaim LLC. This sale follows earlier layoffs in March. Additional job cuts were reportedly announced Friday.

https://www.kentucky.com/news/state/kentucky/article316726236.html

Have any of the recently laid off employees retained legal counsel yet? I am not a lawyer, but my understanding is that wages, vacation and severance are granted priority status over unsecured creditors. However, that amount is capped at $15,150. I really hope I am wrong, but when HR told us all that we would be on payroll through September 22nd, they did it with management knowing that bankruptcy would be filed in 9 days and we would all be getting a fraction of what they told us. Nice integrity, and what a great way to deceive the people who were working hard for you.

Maverick Gaming will close two of its Washington state casinos by the end of July. This decision impacts over 100 jobs as part of the company's bankruptcy restructuring. The closures are attributed to regulatory changes and a lack of competitive surveillance technology. These shutdowns follow previous layoffs and property closures by Maverick Gaming. The company operates 27 properties across three states.

Mill Creek, WA

https://www.the-sun.com/money/16760475/crazymoose-mountlake-silver-dollar-mill-creek-casino-closing-washington/

ITS BEEN CONFIRMED FROM A RELIABLE SOURCE. THERE WILL BE CHAPTER 7 BANKRUPTCY

It's gonna happen sooner or later. The closer to CH 11 they do it, the worse it looks.

A ca--abis company is closing two cultivation facilities in Vineland due to significant financial losses. This closure will result in the elimination of 86 jobs. The parent company has filed for bankruptcy protection, citing widespread industry challenges and substantial net losses. Additionally, the firm intends to divest its three South Jersey dispensaries, which represent its sole market presence in the state. These actions reflect a broader withdrawal from the U.S. market.

Vineland, New Jersey

https://www.burlingtoncountytimes.com/story/money/business/2026/07/22/cannabist-closing-grow-site-selling-vineland-deptford-mays-landing-dispensaries/90999257007/

Have you guys looked at a ford car vs Honda/toyota. The choice is obvious, why would anyone want to buy a ford. The Honda crv was the best selling vehicle in America for a reason. Ownership cost is way lower than a ford. Those who still drive a ford is only because they get a management discount so don’t let them fool you. Bankruptcy is around the corner…

Are EchoStar employees still calling themselves “disruptors”?. The pay TV business is bankrupt, satellite TV is dying, Sling isn’t competitive, the wireless strategy has been abandoned, and Hughes is under pressure… what exactly are you disrupting? I have an offer but I am wondering if it’s even worth taking

Huntington Bank will close thirteen branches across Michigan. The majority of these closures will occur on August 28th. Two specific locations in Troy and Traverse City will close in November. The bank stated these decisions are part of regular network reviews. Huntington Bank will continue to operate a significant branch network in the state.

Detroit, Michigan

https://www.detroitnews.com/story/business/2026/07/13/huntington-bank-to-close-13-michigan-branches-several-in-metro-detroit/90906653007/

https://www.ft.com/content/394c33d7-43cb-448e-97da-63fcb2c02b0b

Several companies in the logistics and trucking industries are experiencing significant financial difficulties. Fusion Transport LLC is laying off 79 workers at its New Jersey facility. Multiple other transportation and logistics firms have recently filed for bankruptcy protection. These filings include Jackson and Son Hauling LLC, Victory Freight Corp., IPS Express Logistics Inc., and Talon Logistics Inc. The widespread financial strain affects various segments of the freight economy.

New Jersey, North Carolina, Illinois, California, Virginia

https://www.indexbox.io/blog/logistics-and-trucking-companies-cut-jobs-file-for-bankruptcy-in-july-2026/

A judge has indicated the possibility of a buyer for the Schwebel Baking Company, which had announced plans to cease operations. This development comes after the Teamsters Union filed a lawsuit contesting the closure. The company, in business for over 120 years, is reportedly considering an expedited Chapter 11 bankruptcy to facilitate a sale. Discussions are ongoing between parties to determine the feasibility of this potential purchase. The identity of the prospective buyer has not yet been disclosed.

Youngstown, Ohio

https://www.wtae.com/article/schwebel-baking-company-buyer/71921509

VZ to acquire Dish out of bankruptcy, laying off massive amounts of head count to pay for it.

Layoffs to fly under the radar of the larger story

Got laid off today
HR guy got upset at my comment. I said “today it’s my job, within a year it’s probably yours”

I had good memories, but clearly this company is going bankrupt again pretty soon. You can’t outsource every job to India and expect good results

Now that it looks like from managements maneuvering that bankruptcy is certain to happen very soon, what are the odds it could go directly to Ch 7 instead of Ch 11.
There was an analyst stating it could line up that way because of the abnormal amount of debt they are dealing with.
This would mean all stockholders would have zero value.

A federal bankruptcy judge approved the sale of Jasper Rubber Products. Jasper Acquisition Co. LLC purchased the company for $8.03 million. This decision allows for the potential restart of operations at the Dubois County facility. First Brands Group LLC, the parent company, previously shut down operations. The shutdown resulted in roughly 330 layoffs in April.

Jasper, Indiana

https://www.theindianalawyer.com/articles/bankruptcy-judge-approves-8m-sale-of-jasper-rubber-assets

Saks global was so toxic we became a new company..it still won't hide that we cheat those we do business with.often.
We didn't pay over 4 billion dollars so far to our creditors..Yet CEO Raemdonck has made over 75 million .
Some system we have in this country. We are now owned by companies with billions in assets yet made all these companies that trusted us suffer bad.

Yellow Corp. suffered a major loss in its bankruptcy proceedings. The U.S. Supreme Court preserved a finding. This finding requires the company to pay billions in retirement payments. The defunct trucking company also dodged WARN Act liability. This liability was related to its 2023 layoffs.

The logistics and freight sector continues to experience significant distress. Hundreds of warehouse workers in Indiana are facing imminent layoffs. Humano LLC and SIMOS announced over 1,100 job cuts at an Avon facility. Ryder Integrated Logistics also reported 76 layoffs in Plainfield, Indiana. Multiple small trucking and warehousing companies recently filed for bankruptcy protection.

Avon, Indiana

https://www.freightwaves.com/news/freight-distress-report-warehouse-cuts-mount-trucking-bankruptcies-continue

Sangamo Therapeutics announced 52 job eliminations. The company entered Chapter 11 bankruptcy protection. These layoffs are a direct result of the bankruptcy filing. A total of 52 positions were affected by this decision. The company is undergoing financial restructuring.

San Francisco, CA

https://www.bizjournals.com/sanfrancisco/news/2026/06/24/bankruptcy-layoffs-sangamo-therapeutics.html

Spirit Airlines faces a class-action lawsuit from former employees. The suit alleges violations of the Worker Adjustment and Retraining Notification (WARN) Act. Workers claim they received no advance notice before layoffs. Spirit argues for exceptions based on unforeseeable events and its financial state. The airline is now winding down during its second bankruptcy.

https://news.bloomberglaw.com/us-law-week/spirit-layoff-suit-puts-spotlight-on-labor-rights-in-bankruptcy

Spirit Airlines’ bankruptcy has become a high-profile example of the legal hurdles terminated employees face, even as they argue the mass layoffs were done without the legally required notice.

https://news.bloomberglaw.com/us-law-week/spirit-layoff-suit-puts-spotlight-on-labor-rights-in-bankruptcy

Sparhawk Trucking may face mass layoffs. It entered Chapter 11 bankruptcy in March. A notice from the trustee warned of job cuts. The company actively seeks a buyer. A new owner might not keep all staff.

Wisconsin Rapids, Wisconsin

https://www.truckingdive.com/news/sparhawk-trucking-seeks-buyer-warns-of-mass-layoffs/822855/

https://www.indexbox.io/blog/bankruptcies-and-layoffs-hit-transportation-and-logistics-sector-in-june-2026/

Serious problems are piling up, and many drivers are only discovering them after it’s too late. From engine failures to massive recalls affecting over a million vehicles, the risks are becoming harder to ignore. Some issues can shut a vehicle down unexpectedly, turning everyday driving into a gamble. Repair costs are climbing fast, leaving owners stuck with bills they didn’t plan for. As more defects surface, confidence in these vehicles continues to slip.

If Kodak was able to go through bankruptcy and reinvent itself so can Xerox. Just remember, Kodak in its hayday had 145,000 employees, today it has 3,500.

Paizo announced the layoff of 12 employees. The company reported losing nearly $2 million in 2025. Its distributor's bankruptcy had devastating effects on the business. $10 million worth of inventory remains held in a legal dispute. Future organized play support will be reduced for Pathfinder and Starfinder.

https://www.wargamer.com/pathfinder/layoffs-2026-2-million-diamond-comic-distributors

The freight and logistics industry is experiencing widespread financial distress. Numerous transportation and logistics firms sought bankruptcy protection. Sparhawk Trucking, SP Trans, and M&L Express are among those seeking Chapter 11 or Chapter 7. Facility closures and employee layoffs also impacted the sector. HelloFresh, GEODIS Logistics, FedEx, and Americold Logistics are closing sites.

https://finance.yahoo.com/economy/policy/articles/freight-distress-spreads-bankruptcies-layoffs-120000808.html

Sparhawk may face layoffs or closure. The company filed a notice with the Department of Workforce Development. This action follows Sparhawk's bankruptcy filing. Sparhawk Trucking and Sparhawk Truck and Trailer are actively seeking a buyer. The bank currently allows the companies to operate as usual.

Wisconsin Rapids, Wisconsin

https://www.wisconsinrapidstribune.com/story/money/2026/06/02/sparhawk-trucking-files-notice-of-potential-layoffs-or-closure-as-its-works-through-bankruptcy-case/90374798007/

thoughts on this?