MOREHEAD, Ky.—AppHarvest, a Kentucky-based indoor farming company that was backed by Martha Stewart when it began shipping tomatoes in early 2021, has filed for bankruptcy, officials announced on Monday. The Chapter 11 filing on Sunday came following several months of financial difficulties, including the potential foreclosure of its greenhouse in Richmond and concerns about cash…

More bankruptcies may be coming for American companies. Over $100 billion of U.S. corporate debt is trading at distressed levels—something rarely seen in the last decade. Tavi Costa, portfolio manager at Crescat Capital, discusses the issues he sees looming for U.S. firms. …

Johnson & Johnson’s must pay $18.8 million to a California man who said he developed cancer from exposure to its baby powder, a jury decided on Tuesday, a setback for the company as it seeks to settle thousands of similar cases over its talc-based products in U.S. bankruptcy court. The jury ruled in favor of…

Chapter 11 bankruptcy filings in the United States jumped 68 percent in the first half of 2023 compared to the same period last year, according to Epiq Bankruptcy, a provider of bankruptcy filing data. Epiq reported a total of 2,973 commercial Chapter 11 bankruptcies were filed in the first six months of 2023, compared to…

Johnson & Johnson’s proposed $8.9 billion settlement of thousands of lawsuits alleging that its talc products cause cancer faces a crucial hurdle this week as a U.S. bankruptcy judge in New Jersey considers whether or not a J&J subsidiary may resolve them by filing for bankruptcy a second time. J&J subsidiary LTL Management’s first attempt…

The Supreme Court ruled 8-1 that federal bankruptcy law supersedes Indian tribes’ sovereign immunity. An Indian tribe in Wisconsin had argued it could not be sued and that bankruptcy protections, such as the law’s automatic stay of collection efforts when an individual files for bankruptcy, did not operate to block its efforts to seek repayment…

NEW YORK—After three years, the pandemic-era freeze on student loan payments will end in late August. It might seem tempting to just keep not making payments, but the consequences can be severe, including a hit to your credit score and exclusion from future aid and benefits. More than 40 million Americans will have to start…

Instant Brands, the maker of Instant Pot pressure cooker and Pyrex glassware, declared bankruptcy on June 12 amid sales decline. The company filed for Chapter 11 bankruptcy with the U.S. Bankruptcy Court in the Southern District of Texas. Chapter 11 bankruptcy allows for a reorganization of the company rather than its liquidation in a Chapter…

Commentary Chinese leader Xi Jinping and his fellow communists know how to leverage Chinese xenophobia to distract rising discontent among the Chinese people. With a nod to lucky No. 3 in Chinese numerology, Beijing frequently plays three cards in its geopolitical card game to focus on long-standing foreign adversaries (enemies) to distract the masses from…

A council in Surry has effectively declared bankruptcy with a £1.2 billion deficit in its budget owning to debt inherited from previous property sprees. Woking Borough Council issued a section 114 notice (pdf) on Wednesday, halting all expenditure except essential spending, such as salaries and pensions for existing staff and fundings for delivering a minimum level…