Wearable camera maker iON Worldwide Inc., a competitor of GoPro, filed for bankruptcy. Read the Daily Bankruptcy Review article via The Wall Street Journal.
(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)
EZ Worldwide Express, a bankrupt shipping firm that had a delivery contract with Forever 21 Inc., abandoned the contract after business slowed too much to make it profitable, DBR reports in WSJ.
A bankruptcy judge said ex-billionaire Sam Wyly and his deceased brother’s estate owe more than $ 1 billion for hiding assets form the Internal Revenue Service, Bloomberg reports.
A unit of Aurelius Capital Management LP is seeking bankruptcy against a Netherlands subsidiary of Brazil’s Oi SA, Reuters reports.
(And don’t forget to check out the latest professional bankruptcy moves.)