Six new companies have either initiated Chapter 11 filings or defaulted on loans during the week of July 6 - July 10, 2020.The majority of these companies were within the Consumer Discretionary sector.
Sources: TBT, Bloomberg, S&P
READ MORE: New Chapter 11 Filings, Disclosures: June 29 – July 3, 2020
A medical device company, Endologix Inc., has filed for Chapter 11 Bankruptcy protection. Despite the company attaining federal aid from the Paycheck Protection Program, it was unable to eliminate its debts.
Fig & Olive, a popular New York restaurant chain, has filed for Chapter 11 bankruptcy protection. The company has faced difficulties, as it plans to reopen its locations mid-pandemic.
Sur La Table, a retailer of luxury kitchenware and cooking cla...