Bankruptcy News Updates

GovernmentBusinessEquipment

Auto Parts Supplier Marelli Blames Tariffs for Bankruptcy

Marelli Holdings filed bankruptcy in the U.S., saying its latest debt-cutting effort was prompted by tariffs.

June 11, 2025
GovernmentBusinessTechnology

Northvolt Cuts Workforce to 1,700 as Part of Bankruptcy

Bankrupt battery maker Northvolt AB will continue to operate in Sweden with a staff of 1,700 while its remaining employees will be laid off.

March 31, 2025
BusinessLogistics

Yellow Agrees to Terminate California Terminal Leases

Liquidation of the real estate assets of bankrupt less-than-truckload carrier Yellow Corp. entered a new phase in recent days 鈥 termination of terminal lease agreements.

March 24, 2025
BusinessEquipmentLogisticsFor-Hire

Yellow Creditors Push Plan to End Bankruptcy Case

Creditors of defunct trucking firm Yellow Corp. will submit their own plan in coming days on how to split up the company鈥檚 remaining $550 million of cash and end its bankruptcy case.

March 17, 2025
BusinessTechnologyEquipmentFuel

Nikola鈥檚 Bankruptcy Sale Nears Critical March 17 Deadline

If no suitable bids arrive by the stalking horse deadline, court documents indicate that an auction will take place April 7. The court said it would make public the results on April 10.

March 14, 2025
GovernmentBusinessTechnology

Battery Maker Northvolt Hits End of Line

Northvolt AB filed for bankruptcy in Sweden, bringing to an end a company that was once seen as the future of Europe鈥檚 battery production.

March 12, 2025
GovernmentBusinessEquipmentFor-Hire

Court Nixes Teamsters鈥 WARN Claims Against Yellow

Judge Craig Goldblatt on Feb. 26 found Yellow to be a 鈥渓iquidating fiduciary,鈥 rather than an employer, at the time it laid off unionized employees.

February 28, 2025
GovernmentBusinessTechnologyEquipmentFuel

Nikola鈥檚 Collapse Puts SEC鈥檚 $80 Million Claim at Risk

The SEC ranked No. 1 on the roster of largest unsecured creditors when Nikola, a failed maker of EV trucks, sought court protection on Feb. 19, with the regulator owed about $80 million.

February 20, 2025
BusinessEquipmentFor-HireTop 100

Proficient Q4 Revenue Slumps 15.9% on Weaker Margins

Proficient 鈥 the No. 4-ranked auto transporter 鈥 expects industry dynamics to improve in 2025, including through a reduction in carrier capacity due to the travails of Jack Cooper Holdings.

February 14, 2025
BusinessEquipmentLogisticsFor-HireTop 100

Auto Hauler Jack Cooper Shuts Down After Losing Ford, GM

The dominoes started to topple when automaker Ford decided in January to end its relationship with Jack Cooper, bringing the curtain down on an approximately 40-year relationship.

February 14, 2025