23andMe is Going Bankrupt The genetic testing pioneer 23andMe has filed for Chapter 11 bankruptcy protection and announced that co-founder Anne Wojcicki has resigned as CEO. The San Francisco-based company, which revolutionized consumer DNA testing, revealed on Sunday that it will seek to sell “substantially all of its assets” through a court-approved reorganization plan. Chapter […]
Los Angeles Could Go Bankrupt, but Not Because of Wildfires Los Angeles County is confronting a growing financial crisis due to a surge in sexual assault lawsuits. With more than 7,000 claims filed against the county for alleged abuse in foster care, juvenile detention, and other programs dating back to the 1950s, the financial burden […]
Will Filing for Bankruptcy Affect My Job? Filing for bankruptcy is a significant decision that often raises concerns about its impact on various aspects of life, including your employment. While bankruptcy can provide a path to financial recovery, many people worry about how it might affect their current job or future career opportunities. This article […]
Will OpenAI Go Bankrupt in 2024? The Current State of Bankruptcy Rumors Recent discussions in the tech world have brought OpenAI, the company behind ChatGPT, into the spotlight, with rumors suggesting potential bankruptcy by 2024. However, these claims need a closer examination to discern their validity in the context of the ever-evolving AI industry. What […]
Why Do We Have Bankruptcy Laws? Bankruptcy isn’t a new concept by any means, but did you know that it is so fundamental to our national economy that it was actually enshrined in the US constitutional laws? Yes, if you are filing for bankruptcy, not only should you not be ashamed of doing so, but […]
10 Terms in Chapter 7 Bankruptcy You Should Know Chapter 7 bankruptcy is a legal process designed to provide individuals and businesses with a fresh financial start by eliminating most of their debts. It’s a complex legal field that can feel impossible to understand if you haven’t studied law yourself. To better navigate this legal […]