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New Chapter 11 Filings, Disclosures: April 12 – April 16, 2021

At least two major companies have either filed for Chapter 11 bankruptcy protection or defaulted on loans during the week of April...

New Chapter 11 Filings, Disclosures: March 15 – March 19, 2021

At least five major companies have either filed for Chapter 11 bankruptcy protection or defaulted on loans during the week of March...

CarbonLITE Recycling Files for Bankruptcy

CarbonLITE, the world’s largest bottle-to-bottle plastic manufacturer, filed for bankruptcy on March 8. Like many other companies, CarbonLITE blamed the COVID-19 pandemic...

New Chapter 11 Filings, Disclosures: March 8 – March 12, 2021

At least two major companies have either filed for Chapter 11 bankruptcy protection or defaulted on loans during the week of March...

New Chapter 11 Filings, Disclosures: March 1– March 5, 2021

At least four major companies have either filed for Chapter 11 bankruptcy protection or defaulted on loans during the week of March...

The College of New Rochelle Faces Ongoing Bankruptcy Woes

Bankruptcy has become a common occurrence across most industries in the wake of the COVID-19 pandemic, and even the college community is...

New Chapter 11 Filings, Disclosures: February 22– February 26, 2021

At least two major companies have either filed for Chapter 11 bankruptcy protection or defaulted on loans during the week of February...

New Chapter 11 Filings, Disclosures: February 15 – February 19, 2021

At least two major companies have either filed for Chapter 11 bankruptcy protection or defaulted on loans during the week of February...

Travel and Tourism Sectors Give Big Bonuses Despite COVID-Driven Bankruptcy

The travel, tourism, and hospitality sectors have been hugely affected by the COVID-19 pandemic. But even as major providers of these services...

Bleak Outlook Continues for Distressed Hotel Industry amid COVID

The leisure and hotel sectors continue to be among the industries most affected by the raging COVID-19 pandemic. Social-distancing requirements, travel restrictions,...

Recent Articles

New Chapter 11 Filings, Disclosures: April 12 – April 16, 2021

At least two major companies have either filed for Chapter 11 bankruptcy protection or defaulted on loans during the week of April...

ViacomCBS Networks International Agrees to Acquire Chilevisión

On Monday April 5, ViacomCBS Inc. (NASDAQ: VIAC, VIACA) announced that it had agreed to acquire Chilevisión from WarnerMedia. WarnerMedia is a...

Carnival Reports $2 Billion Quarterly Loss

Carnival reports $2 billion quarterly loss. This is due to COVID-19 pandemic restrictions on the cruising industry, which has decimated Carnival and...

New High Yield Bond Ratings: April 5 – 9, 2021

At least 35 companies received a revision on high yield bond ratings during the week of April 5-9, 2021. These revisions caused...
ECB President Christine Lagarde

ECB President Lagarde Expects Strong Rebound for EU Economy in Second Half

Despite COVID-19 struggles, European Central Bank (ECB) President Christine Lagarde told CNBC on April 9 that the European Union (EU) will hit...

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SEC Chairman Jay Clayton

SEC Chair Jay Clayton to Step Down Next Month

Securities and Exchange Commission (SEC) Chairman Jay Clayton said on Nov. 16 that he will step down at the end of the...

New High Yield Bond Ratings July 20 – July 24, 2020

At least eleven companies received high yield bond ratings downgrades or revisions during the week of July 20 – July 24, 2020....
Europe Digital Banks

Consolidation Looms Over Europe’s Digital Banks After a Tumultuous 2020

Due to the coronavirus pandemic, the prominence of digital banks and online banking has increased substantially over the past year.

Substack Raises $65m in New Round of Funding

Newsletter platform Substack raised $65m in an Andreessen Horowitz-led funding round. With the new inflow, the platform is now valued at $650m. Substack...

Revlon Considers New Options to Remain Solvent After Distressed Bond Exchange Fails

The first sign that Revlon, Inc. (NYSE: REV) was becoming a distressed asset occurred in May. A loan...