Jet It, a private jet operator launched in 2018, filed for Chapter 7 bankruptcy in December 2025, over two years after shutting down operations, with $36.2 million in liabilities and over 200 unsecured creditors, including major companies like American Express and Honeywell. The company had expanded rapidly but faced financial difficulties, partly due to issues with HondaJet support, and owed significant debts to various service providers and creditors.
Evergrande, once China's largest property developer, has been delisted from Hong Kong's stock exchange, marking the end of an era for China's real estate boom. The company's collapse highlights the sector's debt-driven nature, with liabilities exceeding $300 billion and assets difficult to recover, reflecting ongoing financial stress in China's property market.
US banks are rushing to make financial restatements in order to reduce their liabilities related to Silicon Valley Bank, as concerns grow over the bank's exposure to troubled companies in the technology sector. The restatements aim to lower the banks' potential losses and protect their balance sheets.
Bittrex, the US-based cryptocurrency exchange, has filed for bankruptcy in Delaware, with estimated liabilities and assets both within the $500 million to $1 billion range. The exchange had previously announced it would wind down operations in the US and was sued by the Securities and Exchange Commission (SEC) in mid-April. Bittrex is the latest crypto entity to file for bankruptcy, joining fellow exchange FTX and a host of lenders like Celsius, Voyager and BlockFi.
Cryptocurrency trading platform Bittrex has filed for Chapter 11 bankruptcy protection in the District of Delaware, estimating it has between $500 million and $1 billion in assets and liabilities. The bankruptcy covers its Seattle-based entity Bittrex, Inc, two Bittrex entities in Malta, and an affiliated entity Desolation Holdings LLC. The declaration followed the U.S. Securities and Exchange Commission (SEC) charging the company and its co-founder and former CEO William Shihara for securities violations in April.
An infographic visualizes the assets and liabilities of US banks, which play a crucial role in the country's economy by securely storing deposits and providing credit in the form of loans. Loans and leases are the primary income-generating assets for banks, making up 53% of the assets held by US banks. Deposits make up the largest portion of banks' liabilities as they represent the money that customers entrust to these institutions. Recent bank collapses aren't solely due to depositors withdrawing funds, but bank runs have played a significant role.
Bed Bath & Beyond has filed for Chapter 11 bankruptcy, with liabilities totaling over $1 billion. The company's 360 stores and 120 buybuy BABY stores are expected to remain open during the restructuring process, and online sales will continue. Bed Bath & Beyond has secured $240 million in financing to support its operations during the turnaround process. The company listed debt of about $5.2 billion and assets of about $4.4 billion in its most recent quarterly filing.
Former President Donald Trump filed his personal financial disclosure report with the Federal Election Commission, providing an imprecise financial picture due to the broad ranges of assets and liabilities reported. The filing allows Trump to avoid a $200 late fee and offers new insights into his finances since leaving office, including income from the sale of his hotel in Washington, DC, his book of pictures from his time in the White House, and his social media business venture, Trump Media and Technology Group.
New York Community Bancorp's Flagstar Bank unit has acquired certain assets and assumed certain liabilities of Signature Bridge Bank from the Federal Deposit Insurance Corporation. The purchase includes approximately $38 billion of assets, including $25 billion of cash and roughly $13 billion in loans. The deal is expected to significantly strengthen New York Community Bancorp's deposit base, lower the loan-to-deposit ratio, and further diversify its loan portfolio away from commercial real estate loans. The stock has gained almost 40% since the announcement.
