What happens when the U.S. importer of Stoli vodka files for bankruptcy, but the global parent company stays standing?In this episode of The Bald Guys of Bankruptcy, attorneys Adam Friedman and Rich Postiglione break down:✅ Why Stoli USA collapsed while Stoli International continues operating✅ How changing tastes—like the rise of ready-made drinks—hurt demand✅ The impact of legal battles in Russia, including the seizure of facilities and loss of trademarks✅ A ransomware attack that deepened the crisis✅ Why a major creditor wants a trustee appointed to take over the businessFrom vodka sales to cybersecurity breaches, this is one of the most unique bankruptcy cases we’ve covered.💬 What do you think—can Stoli USA survive? Drop a comment below!Subscribe for more industry insights: youtube.com/@thedefaultindustry#Bankruptcy #StoliUSA #VodkaBusiness #Cybersecurity #BusinessFailure #LegalTalk #TheBaldGuysOfBankruptcy

In this episode of The Bald Guys of Bankruptcy, hosts Adam Friedman and Rich Postiglione break down 23andMe's bankruptcy filing and the concerning implications for consumer genetic data. From security breaches to potential buyers, we explore what happens when your DNA is part of a bankruptcy sale.TIMESTAMPS:0:05 - 🧬 Introduction to 23andMe's Bankruptcy Filing0:16 - 📉 Why Did 23andMe Fail? Market Saturation and Limited Repeat Business1:26 - 📋 What Information Becomes Public in Bankruptcy Filings?2:50 - 🔐 Security Concerns: What Happens When Your DNA Changes Hands3:48 - ⚠️ The Broader Privacy Implications Beyond 23andMe5:33 - 📆 The Bankruptcy Sale Timeline: From Filing to Auction6:01 - 💼 Critical Vendors and Business Operations During Bankruptcy7:01 - 🔍 Will Historical Customer Data Be Made Public?8:09 - 💰 Is This a Liquidation or Reorganization?9:31 - 🔮 Impact on the Genetic Testing IndustrySubscribe for more insights on bankruptcy cases that affect consumers and businesses alike!#BaldGuysOfBankruptcy #23andMe #BankruptcyLaw #DataPrivacy #CorporateRestructuring

How does a brand as recognizable as Salt Life end up in bankruptcy? In this episode of The Bald Guys of Bankruptcy, hosts Adam Friedman and Rich Postiglione break down the Chapter 11 filing of the beachwear giant. From the role of a “stalking horse bidder” to the sale of assets and whether the Salt Life brand will survive, we cover everything you need to know.

Each week, The Bald Guys of Bankruptcy dive into the biggest bankruptcy cases affecting public companies, well-known brands, and high-profile individuals. With expert legal insights and a dose of humor, Adam and Rich make complex financial issues easy to understand.

🎧 In This Episode:

• Why is Salt Life filing for Chapter 11 despite its popularity?
• Can a profitable company still go bankrupt?
• The role of "stalking horse bidders" in bankruptcy auctions
• Will the Salt Life brand survive, or is this the end?

📩 Follow The Bald Guys of Bankruptcy for weekly episodes covering the biggest bankruptcy and corporate restructuring stories.

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