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The owner of American swimming pool producing company files for bankruptcy

James Staten and his wife Alexis have jointly filed for bankruptcy in the North American state of Florida on October 6, as required by Chapter 11 of the relevant US code. The married couple, who owns many different companies, including the famous Olympus Pools Inc., listed in the statement their assets ranging from $ 500 thousand to $ 1 million, as well as the liabilities from $ 1 million to $ 10 million. Among the largest lenders of the family, the number of which does not exceed 49, there is...

Eco-friendly carsharing Facedrive announced bankruptcy threat

On September 6, the Facedrive founder Imran Khan announced that the company was heading for bankruptcy. The former president of the Toronto-based company did so after another ex-CEO, Sayan Navaratnam, filed a lawsuit against him in Ontario at the end of 2020. Navaratnam accuses Khan of financial fraud, as he sold a significant amount of the company’s shares, due to which the company's assets were catastrophically depreciated. Facedrive's history began in 2016 as a car-sharing startup and has become...

PURDUE PHARMA OPIOID PRODUCER MANAGED TO FILE FOR BANKRUPTCY

Purdue Pharma succeeded in securing legal defenses by approving the bankruptcy plan in court. The other day, having considered the company's program of overcoming the crisis, the judge Robert Drane approved the manufacturer's decision. He called the obtained result ‘bitter’. According to him, the company must pay $ 4.5 billion, and the Sackler family, which has owned the company so far, will leave the pharmaceutical industry. Purdue Pharma is blamed for the opioid crisis that affected dozens...

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