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Everything tagged bankruptcy, across every stream.

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SSports #bankruptcy#golf#liv-golf#pga-tour#saudi-arabia#sports-business

LIV Golf tells a bankruptcy court it will wind down, ending the Saudi-funded league that split men's golf

AP covers the court hearing and the executive retention payments; the BBC explains why the last rescue investor walked away.

LIV Golf will shut down, its lawyer told a U.S. bankruptcy court in New Jersey on Thursday, Nov. 5. "The debtors are not currently proceeding with the LIV 2.0 plan," attorney Matthew Williams said, per AP; the league is moving to a "value-maximizing wind-down."

AP reports that LIV launched in June 2022 with nine-figure signing bonuses to lure players from the PGA Tour, spent more than $5 billion, lost its Saudi Public Investment Fund backing in April, and filed for Chapter 11 on Sept. 8. BC Partners Credit had pledged $300 million for a slimmed-down LIV 2.0, but the BBC says the firm pulled out on Wednesday, mainly because it was not satisfied with the mix of players who had signed up; Jon Rahm and Sergio Garcia had already walked away.

AP notes LIV paid $15.6 million to keep seven executives in the months before the bankruptcy, and that whether those payments can be voided is now an open question. LIV said it remains open to alternatives during the wind-down.

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LThe Loom #bankruptcy#bhv-marais#department-stores#paris#retail#shein

Paris's BHV Marais department store, 170 years old, enters court-supervised reorganisation but stays open

Sortiraparis explains what receivership means here and why the store says it ran short of cash, including the Shein fallout.

The Paris Economic Activities Court opened judicial reorganisation proceedings (redressement judiciaire) for SEGM BHV on Monday, Nov. 2, according to a document seen by AFP, Sortiraparis reports. Management had announced on Oct. 27 that it had filed for bankruptcy and asked for receivership; it says the BHV Marais store on the Rue de Rivoli stays open while it tries to keep operations and jobs.

Karl-Stéphane Cottendin, in charge since June, cites a cash shortfall and blames Brookfield, which has owned the building since January 2026, for not paying compensation owed for space the store handed back. Sortiraparis says the dispute adds to unpaid bills reported by several brands and the fallout from the store's controversial partnership with Shein, which led many retailers to leave. The store's summer recovery plan focuses on the return of several brands and on home goods.

Founded in 1856, the store is marking its 170th anniversary this year.

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AIAI #bankruptcy#character-ai#chatbots#child-safety#disney

Disney agrees to hire most of bankrupt Character.AI's staff

TechCrunch covers the new court filing; CBS News has the background on the bankruptcy and the lawsuits behind it.

Character.AI's maker filed for Chapter 11 bankruptcy on October 12, citing "significant legal, regulatory and operational headwinds," CBS News reported. Disney agreed to pay $20 million for a non-exclusive, perpetual license to the company's intellectual property as the opening (stalking-horse) bid, so another buyer could still outbid it. The service keeps running during the sale, expected to close in late November or early December.

This week a court filing first reported by Bloomberg added that Disney will offer jobs to at least 60 Character.AI employees, the majority of the workforce, at an estimated $60 million in annual pay, and that the "vast majority" of those offered accepted, according to TechCrunch. Character.AI's former CEO Karandeep Anand recently became Disney's first CTO. The company has faced lawsuits from families who say its chatbots contributed to teens' self-harm or suicide (several were settled in early 2026) and suits from Kentucky and Pennsylvania.

Cascadic Analysis 1
UndertowDelayed Consequence / False Success Problem

What hidden risk could pull against this, even if the news is good?

CBS notes that a Florida family's lawsuit said Character.AI had no way to notify an adult when a teen was spending too much time with its chatbots, and that the company added teen safety features after lawsuits were filed. Time spent chatting looks like success on a dashboard; the harm the families describe showed up later. Disney is now hiring most of the people who built the product, along with a license to its IP.

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CCybersecurity #bae-systems#bankruptcy#federal-courts#government-contractor#outage

Cyber incident at contractor BAE Systems halts bankruptcy notices for every US federal court

The judiciary's own notice lists which systems are down; Reuters (via The Star) adds BAE's statement.

The Administrative Office of the U.S. Courts said on October 15 that a cybersecurity incident hit BAE Systems IT and the websites that support the Bankruptcy Noticing Center, which produces and sends bankruptcy notices for all federal bankruptcy courts. BAE operates those systems for the judiciary.

The courts said all access to the center's systems was unavailable, including bnc.uscourts.gov, bankruptcynotices.uscourts.gov, notices.uscourts.gov and the National Creditor Registration Service, and that production and distribution of bankruptcy notices had stopped. A BAE Systems spokesperson told Reuters the company is aware of "a security incident that is isolated to the BNC system" and is coordinating with the courts.

Neither the courts nor BAE has said what caused the incident or whether data was taken.

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TThe Table #bankruptcy#landrys#New-York#restaurant-industry

Landry's bids $22 million for Café Fiorello, Trattoria Dell'Arte and other Fireman restaurants in bankruptcy

What happens to the Lincoln Center and Carnegie Hall institutions, and which ones are closing in D.C.

Landry's, Tilman Fertitta's restaurant group, has made a $22 million bid for most of Fireman Hospitality Group's restaurants out of Chapter 11, Nation's Restaurant News reports. Fireman, parent of New York's Café Fiorello, Trattoria Dell'Arte and Bond 45, filed in August, about a year after founder Shelly Fireman died at 93.

Court documents show a Fertitta Entertainment affiliate was the stalking-horse bidder, and reports indicate Landry's mainly wanted the three flagships. Co-bidder Jeff Crivello's Ciao Hospitality is to take Paris Bar, the Le Jardin rooftop, Brooklyn Delicatessen and two Brooklyn Diners; he said there are no plans to convert them. Citing Eater, NRN says Café Fiorello in Washington closes after service on October 28, and Fiorella Italian Kitchen at National Harbor on October 29.

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