Articles tagged Bankruptcy

COVID response closed more Canadian businesses than 2008 financial crisis: gov’t report

StatsCan revealed that they are witnessing an increase in 'zombie businesses,' a phenomenon which occurs when owners never file for bankruptcy but simply walk away from their business.

News

Clare Marie Merkowsky

• Oct 30, 2023Oct 31, 2023

Leftist outlet Vice reportedly plans to file for bankruptcy weeks after Buzzfeed closed down

Though it had been valued at $5.7 billion in 2017, Axios said Vice has so far been unsuccessful in finding a buyer willing to pay a far smaller $1 billion price tag.

News

Ashley Sadler

• May 3, 2023

San Diego diocese faces lawsuit from insurance carrier for violating policies in clerical abuse settlements

Catholic Mutual Group accused the diocese led by dissident Cardinal Robert McElroy of knowing that numerous members of its clergy 'had proclivities toward sexual abuse of children such that coverage is precluded.'

News

Louis Knuffke

• Mar 10, 2023

Cdl. McElroy’s diocese faces bankruptcy over more than 400 clerical sexual abuse claims

The cost to settle all of the current claims is projected to be $550 million, according to the diocese, which is led by the pro-LGBT prelate.

News

Louis Knuffke

• Feb 14, 2023Feb 15, 2023

Boy Scouts file for bankruptcy under weight of child sex abuse lawsuits

'You’re talking about tens of thousands of victims. This will be the largest bankruptcy the country has ever seen,' an attorney representing victims says.

News

Calvin Freiburger

• Feb 20, 2020Jun 18, 2021

Boy Scouts considering bankruptcy after abuse lawsuits, years of LGBT appeasement

The Boy Scouts of America faces declining memberships, reduced donations, and rising legal bills.

News

Calvin Freiburger

• Dec 14, 2018Jun 18, 2021

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Articles tagged Bankruptcy

COVID response closed more Canadian businesses than 2008 financial crisis: gov’t report

Leftist outlet Vice reportedly plans to file for bankruptcy weeks after Buzzfeed closed down

San Diego diocese faces lawsuit from insurance carrier for violating policies in clerical abuse settlements

Cdl. McElroy’s diocese faces bankruptcy over more than 400 clerical sexual abuse claims

Boy Scouts file for bankruptcy under weight of child sex abuse lawsuits

Boy Scouts considering bankruptcy after abuse lawsuits, years of LGBT appeasement