At least two major companies have either filed for Chapter 11 bankruptcy protection or defaulted on loans during the week of April 26 – April 30, 2021.
Both filings occurred within the two most affected sectors: Consumer Discretionary and Industrials.
Sources: The Post and Courier, WSJ
Epic Arcades SC LLC is a family bar and restaurant with arcade games located in Myrtle Beach, South Carolina. The company filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court in the District of South Carolina. The company listed its assets between $100,000 and $500,000. Additionally, its liabilities range between $500,000 and $1 million.
GDC Technics LLC is a supplier and developer of aeronautics interiors. GDC Technics filed for Chapter 11 bankruptcy ...