All articles tagged with #chapter 7
A Houston bankruptcy court ordered First Brands Group into liquidation under Chapter 7 after rejecting a restructuring plan to fund a litigation trust with senior lenders to pursue about $25 billion in pre-bankruptcy claims, finding multiple bankruptcy-law defects and stating there was nothing left to reorganize, with junior creditors likely to bear losses as the company winds down.
Fortnite Chapter 7 introduces a new map set in the southwestern USA, featuring locations inspired by Los Angeles, Las Vegas, and San Francisco, including landmarks like Hollywood, Area 51, and a theme park called Wonkeeland, along with new features like hot air balloons and a four-lane highway.
Fortnite Chapter 7: Pacific Break introduces new map locations, gameplay mechanics like Self-Revive and Simple Build, and a new battle pass featuring characters like Marty McFly and The Bride, marking a new era for the game with fresh content and features.
Fortnite is undergoing server maintenance following the Zero Hour event to prepare for the new Chapter 7 season, with downtime expected to last around 5 hours, ending between 12am and 12.30am GMT on November 30, 2025.
A Texas federal judge rejected Dr. Phil's attempt to file for Chapter 11 bankruptcy for his media company, Merit Street Media, citing deleted evidence and unfair creditor payments, ruling that the company must proceed with Chapter 7 liquidation instead.
Dr. Phil McGraw's media company, Merit Street Media, has had its bankruptcy case converted from Chapter 11 to Chapter 7 by a U.S. Bankruptcy Judge due to lack of hope for rehabilitation, with the judge citing issues like untrustworthy testimony, missing texts, and problematic creditor arrangements.
A federal judge ordered the liquidation of Dr. Phil McGraw's Merit Street Media, converting its bankruptcy from Chapter 11 to Chapter 7, due to the company's financial failure and questionable control by McGraw, who was accused of attempting to manipulate the bankruptcy process to favor himself and his associates.
Montgomery Transport, a Birmingham-based flatbed trucking company, filed for Chapter 7 bankruptcy and shut down abruptly, impacting over 1,000 employees and leaving in-transit and warehouse deliveries in limbo, with many drivers stranded and uncertain about final payments and job status.
Opa Restaurant Group, a once rapidly expanding Greek/Mediterranean fast-casual chain, has filed for Chapter 7 bankruptcy, leading to the liquidation of its assets and the closure of all remaining locations, marking a significant decline after years of growth.
StorCentric, the holding company for Drobo and Retrospect, has reportedly filed for Chapter 7 bankruptcy, indicating a shift from reorganization to liquidation. Drobo had already stopped sales and support in January 2023, transitioning to a self-service model. The company, which began in 2005 as Data Robotics, was known for its "storage robot" that allowed for hot-swapping drives of nearly any size without migrating data. However, the rise of cloud storage and streaming media, as well as a trend away from local file storage, likely contributed to Drobo's decline.