New Chapter 11 Filings, Disclosures: May 3 – May 7, 2021

At least two major companies have either filed for Chapter 11 bankruptcy protection or defaulted on loans during the week of May 3 – May 7, 2021. For the second week in a row, there are filings within the Consumer Discretionary and Industrials sectors.

Sources: Business Journals, Press Release

May 3

Gainco Inc. is a small trucking and logistics company in Texas, which specializes in oilfield waste disposal and chemical clean-up services. The company filed for Chapter 11 bankruptcy protection, in the U.S. Bankruptcy Court for the Southern District of Texas. Gainco listed its assets as between $500,000 and $1 million and its liabilities as between $1 million and $10 million.

May 6

Judson College is a 183-year-old private Baptist women's college in Marion, Alabama. It is the f...

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