In this week’s video, we delve into the top bankruptcies, legal battles, and defaults that have made headlines. From Brooklyn Bas music retailer Sam Ash filing for bankruptcy after nearly a century of operation due to pandemic and online competition challenges, to Vice Roy research accusing Arbor Realty Trust of fraud with alleged hidden losses from financing foreclosure purchases in off-balance sheet transactions causing a 5% stock drop. We also discuss the charges of wire fraud and tax evasion against Fat Brands and its chairman Andy Horn in an alleged $47 million bogus loan scheme. Additionally, Knightbridge Funding sues owners of a Chicago office building over an alleged $1.5 million loan default and fraudulent scheme to convert it into a migrant shelter without permission. Stay tuned for all the details on these intriguing cases! #Bankruptcies #LegalBattles

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