Signs of financial distress among entrepreneurs are growing.
Paper Plane Deli and Market in Charlotte, N.C., on one of its last days in business last month.
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There’s No Soft Landing for These BusinessesSmall-business bankruptcy filings are on the rise this year, as are other signs of financial distress among entrepreneurs.
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Converse man, 6 others accused of defrauding Small Business Administration programAaron Sams, 39 of Converse; Beverly Smith, 40, of Converse; Jesus Rodriguez, 63, of San Antonio; Uchennaya Ogba, 35, of San Antonio; Kristin Harrison, 37, of Killeen; Jonathan Adams, 36, of Lawrenceville, Georgia; and Barbara Sanders, 41, of San Antonio, were all arrested this week and charged with one count of conspiracy to commit wire fraud and one count of conspiracy to defraud the United States, according to a press release from the Department of Justice.
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Business Highlights: Autoworker strike spreads; Effects of looming government shutdown explainedBusiness Highlights: A summary of the day’s top stories in the business world.
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FTX Customers, Investors Will Testify Against Sam Bankman-Fried, DOJ SaysThe filings come just a few days before the trial is set to begin.
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Catholic Archdiocese of Baltimore, facing possible slew of abuse lawsuits, files for bankruptcyBaltimore, the country’s oldest Catholic diocese, joins dozens of other dioceses that also filed. If approved, bankruptcy limits and silences victims.
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Baltimore Archdiocese says it will file for bankruptcy before new law on abuse lawsuits takes effectThe Catholic Archdiocese of Baltimore announced Friday it filed for Chapter 11 reorganization days before a new state law goes into effect removing the statute of limitations on child sex abuse charges and allowing victims to sue their abusers decades after the fact.
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