Cosmetics Giant Revlon Files Chapter 11 Bankruptcy Protection
Revlon, Inc., a renowned cosmetic company, filed for Chapter 11 bankruptcy. Recently, they convened with loaners before the deadline...
LATAM Airlines Receive Backing from Unsecured Creditors for Bankruptcy Exit
LATAM Airlines announced that it received unsecured creditors' backing for the chapter 11 bankruptcy exit on 6 May 2022.
Oil Output Hike By OPEC
On the 4th of January 2022, OPEC and Non-OPEC held a meeting to discuss the output oil policy. An increase in covid...
Judge Overturns Purdue Pharma’s Opioid $4.5 Billion Bankruptcy Settlement
A federal judge rejected a $4.5 billion bankruptcy settlement of thousands of lawsuits over the opioid epidemic recently. The settlement would have...
Businesses Go Bankrupt As Looting And Fires Mark Chilean Protests
During the November 2019 protests in Chile, the looting has resulted in the failure of medium and large companies in the South...
Brazilian Airlines’ Azul’ Repudiates LATAM’s Offer Quoting Valuations Concern
Brazil's Azul (AZUL) confirmed making an offer to merge with Chile's LATAM Airlines Group (LTMAQ) bankruptcy proceedings. However,...
A Fight for Survival: Neiman Marcus VS Class Expectations
2020 was a tough time for retail stores, but Neiman Marcus had an added, interesting demographic to settle: class. Sam Lewis (renamed...
CWT Speedily Exits Chapter 11 Bankruptcy
Travel management company CWT emerges from Chapter 11 reorganization in the US Bankruptcy Court a day after filing. The court's approval allows...
Washington Prime Group Emerges from Chapter 11
Washington Prime Group Inc.'s debtor-affiliates have successfully emerged from the company's Chapter 11 reorganization. SVP Global, the plan sponsor and leader of...
How Guitar Center Folded After Poor Management
In 2020, Guitar Center filed for Chapter 11 bankruptcy amid the pandemic, just like many other stores. However, they offered a uniqueness...