Bankruptcy news and trends

Brazil’s Fictor Holding Files for Bankruptcy Amid Fallout From Failed Acquisition Attempt
Banking // February 02, 2026

Fictor Holding filed for bankruptcy protection in Brazil, with its holding company and a financing firm seeking to restructure 4 billion reais (about $763 million) in debt, Bloomberg reported Monday (Feb. 2). Get the Full Story Complete the form to unlock this article and enjoy...

Saks Global’s eCommerce Units Gets Permission to Hire Liquidator Amid Bankruptcy
eCommerce // January 23, 2026

Saks Global’s eCommerce unit, Saks OFF 5th Digital, gained a court’s permission to hire a liquidator and sell its inventory amid its bankruptcy, Bloomberg reported Friday (Jan. 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Amazon Blasts Saks, Objects to Bankruptcy
Amazon // January 15, 2026

Amazon is reportedly challenging luxury retailer Saks Global’s bankruptcy filing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...

Saks Seeks Bankruptcy Protection and Names New CEO
Retail // January 14, 2026

Luxury retail company Saks Global has declared bankruptcy amid mounting debts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

Interviews & Exclusives
CFPB Moves to Keep Synapse Case Alive for Consumer Relief

June 23, 2025
Reports of the Consumer Financial Protection Bureau’s death have been exaggerated. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS […]

Frozen Funds Still Unresolved as Synapse Bankruptcy Nears Conclusion

April 14, 2025
The protracted Synapse Financial Technologies bankruptcy is nearing its final stages with a whimper rather than a bang. Late last week (April 10) Trustee Jelena McWilliams filed a status report...

Big Lots Exec Says Mobile and Digital Become On-Ramp for Bankruptcy Exit

December 16, 2024
Big Lots’ Chapter 11 bankruptcy filing and upcoming acquisition by Nexus Capital Management revealed the deep-rooted issues in the company’s business model, particularly its struggle to adapt to the digital age. Get...

Thredd CEO Counts on Regulators to Address Vulnerabilities of Banking as a Service

June 21, 2024
The relationships between FinTechs, banks and neobanks has been placed under a harsh spotlight with the recent revelations around the Synapse bankruptcy. Get the Full Story Complete the form to...

Quick Reads
QVC Weighs Bankruptcy as $6.6 Billion Debt Looms

February 10, 2026
Television shopping network QVC Group has held confidential talks with creditors to restructure its debt in bankruptcy, Bloomberg reported Tuesday (Feb. 10), citing unnamed sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. […]

Brazil’s Fictor Holding Files for Bankruptcy Amid Fallout From Failed Acquisition Attempt

February 02, 2026
Fictor Holding filed for bankruptcy protection in Brazil, with its holding company and a financing firm seeking to restructure 4 billion reais (about $763 million) in debt, Bloomberg reported Monday...

Saks Global’s eCommerce Units Gets Permission to Hire Liquidator Amid Bankruptcy

January 23, 2026
Saks Global’s eCommerce unit, Saks OFF 5th Digital, gained a court’s permission to hire a liquidator and sell its inventory amid its bankruptcy, Bloomberg reported Friday (Jan. 23). Get the Full Story...

Amazon Blasts Saks, Objects to Bankruptcy

January 15, 2026
Amazon is reportedly challenging luxury retailer Saks Global’s bankruptcy filing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...