#bankruptcy

All articles tagged with "bankruptcy"

Brightline nears restructuring as debt deadlines close in

Brightline is weighing restructuring options as June debt payments approach, highlighting the strain on private passenger rail expansion in the US.

Key Takeaways

Brightline is considering restructuring as June debt deadlines approach.
Bondholders have offered financing that could keep trains running in court.

DT Editorial Team·Jun 4, 2026·via jalopnik.com

Fisker Owners Turn a Bankruptcy Fallout Into an Open-Source EV Effort

After Fisker’s 2024 bankruptcy left thousands of Ocean SUV owners in limbo, a community response has emerged around an open-source car effort built from the remains.

Key Takeaways

Fisker’s 2024 Chapter 11 filing affected roughly 11,000 Ocean SUV owners.
Owners paid about $40,000 to $70,000 for the vehicles, according to the source material.

DT Editorial Team·May 16, 2026·via electrek.co

Parker files for Chapter 7, marking another fintech collapse in e-commerce banking

Corporate card startup Parker has filed for Chapter 7 bankruptcy after building its brand around underwriting tools for e-commerce businesses, leaving questions about customers, banking partners, and the durability of VC

Key Takeaways

Parker filed for Chapter 7 bankruptcy on May 7.
The startup focused on corporate cards and banking for e-commerce businesses.

DT Editorial Team·May 10, 2026·via techcrunch.com

Battery Recycler Ascend Elements Files for Chapter 11 as EV Slowdown and Grant Loss Bite

Ascend Elements has entered Chapter 11 after raising nearly $900 million, underscoring how difficult the U.S. battery recycling business has become amid weaker EV demand and policy disruption.

DT Editorial Team·Apr 11, 2026·via techcrunch.com