Chapter 11
Coverage of Chapter 11 in the Nexus archive.
- EchoStar is preparing to file its satellite TV unit, Dish DBS, for bankruptcy
EchoStar is preparing to file its satellite TV unit, Dish DBS, for bankruptcy. The Chapter 11 filing could occur soon to restructure nearly $10 billion in Dish DBS debt.
- Court says it might dismiss Vermont Catholic diocese bankruptcy case if progress isn’t made soon
The Vermont Roman Catholic Diocese faces potential dismissal of its Chapter 11 bankruptcy case if a viable reorganization plan is not submitted soon. The diocese sold its South Burlington headquarters for $3.13 million and has spent over $2 million on legal fees, with remaining assets at $35 million after settling clergy misconduct claims.
- Bitcoin Depot stock crashes 71% premarket after Chapter 11 filing
Bitcoin Depot has filed for Chapter 11 in Texas and plans to sell assets and wind down its operations due to regulatory pressure. The company's stock crashed 71% premarket. Bitcoin Depot will shut down its Bitcoin ATM network.