FlexShopper filed for bankruptcy after CEO dismissal over fraud probe; Saks may follow with looming debt payment.

FlexShopper Inc. filed for bankruptcy in Delaware on December 22, 2025, after dismissing its CEO following an internal probe into fraudulent loan documents. The lease-to-own company, which finances consumer goods, cited financial distress and is seeking restructuring through a court-supervised sale, with a stalking horse bid from a Snap Finance affiliate. Meanwhile, Saks Global Enterprises is reportedly considering a Chapter 11 filing as a last resort due to a $100 million debt payment looming at year-end, despite raising billions for restructuring. Saks is exploring emergency financing, asset sales, and potential debtor-in-possession loans, though no official announcement has been made.