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After becoming a public company in August 2005, it was revealed that Phillip R. Bennett, the company's CEO and chairman, had concealed $430m of bad debts. Its underwriters were Credit Suisse First Boston, Goldman Sachs, and Bank of America Corp. The company entered Chapter 11 and Bennett was sentenced to 16 years in prison. Bear Stearns: United ...
Type of company bankrupt or closed Ref. April 27, 2007: Sharebuilders Federal Credit Union, Northridge, California: closed and liquidated by NCUA credit union [36] November 2, 2007: Green Tree Credit Union, Feasterville, Pennsylvania: closed and liquidated by NCUA; a portion of the assets were transferred to Freedom Credit Union, Warminster ...
The New Jersey-based company faced inflationary pressures on product costs, which reduced consumer spending, according to CEO Barry Litwin, as well as $800 million in outstanding debt. Red Lobster
A list of companies, governmental and quasi-governmental agencies (government-sponsored enterprises), and/or non-profit organizations involved in the various economic and financial crises of 2007–2008.
The telehealth orthodontics company shut down in December, less than three months after filing for Chapter 11 bankruptcy. The company sold teeth aligners, with the typical course taking 4-6 months.
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Galena State Bank and Trust Company 56 51 Millennium State Bank of Texas Dallas: Texas: July 2, 2009: State Bank of Texas 118 52 Founders Bank Worth: Illinois July 2, 2009: The PrivateBank and Trust Company 963 53 Bank of Wyoming Thermopolis: Wyoming: July 10, 2009: Central Bank and Trust 70 54 Temecula Valley Bank Temecula: California July 17 ...
Bankrupt Bitwise companies owe creditors at least $511 million – not counting unpaid wages ... is the subject of a lawsuit by a Texas company that claims a 95% majority ownership stake of the ...