Questions and Answers about
Bankruptcy
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in BusinessDid Soros co-buy Vice Media after its bankruptcy?
Answer: Soros Fund Management, Fortress Investment Group, and Monroe Capital formed a lender consortium to provide about $225 million in a credit bid. The bankruptcy filing was announced on May 15, 2023, as Vice Media Group faced financial difficulties and top-executive departures. Vice Media Group is known for its websites, such as Vice, Refinery29, i-D,…
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in BusinessWhy did Bed Bath & Beyond stop accepting coupons on Apr. 26, 2023?
Answer: Bed Bath Beyond filed for Chapter 11 bankruptcy on Apr. 23, 2023. The company announced it would stop accepting coupons on Apr. 26, 2023, when store-closing sales began. The announcement came after failing to secure funding and facing years of dreary sales and losses.
