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New Chapter 11 Filings, Disclosures: October 12 – October 16, 2020

At least three major companies have either filed for Chapter 11 Bankruptcy protection or defaulted on loans during the week of October...

Opioid Manufacturer Mallinckrodt Files for Chapter 11 amid Litigations

On October 12, Mallinckrodt plc filed Chapter 11 petitions in the U.S. Bankruptcy Court for the District of Delaware. 

Graceland to Host Miss USA Pageant as Neighboring Hotel Files Chapter 11

Graceland, the home of Elvis Presley in Memphis, TN, is set to host the sold out 2020 Miss USA pageant this November....

New Chapter 11 Filings, Disclosures: October 5 – October 9, 2020

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

Effects of COVID-19 Recession on Tourism

From airlines to hotels to cruises, tourism businesses have faced unprecedented distress due to the COVID-19 pandemic. Global travel...

PE Firms See 100 Fewer Distressed Assets in Q3 than Q2

The U.S. economy continues to suffer from the COVID-19 pandemic. But as bankruptcies and defaults continue to pile up, private equity firms...

King Mountain Tobacco Files for Bankruptcy, Alleges Unjust Government Taxes

After years of fighting with state and federal governments over taxes, King Mountain Tobacco Company, Inc. filed for bankruptcy on September 25....

National Restaurant Chain Ruby Tuesday Files for Chapter 11

On October 7, Ruby Tuesday, Inc. announced its filing of a voluntary petition for reorganization.  Founded in 1972, the...

Golden Corral Operator Files for Bankruptcy

The largest operator of Golden Corral, 1069 Restaurant Group LLC, voluntarily filed for Chapter 11 on October 5, in the U.S. Bankruptcy...

Q3 Report Shows Increase of Defaults Within Energy Companies

COVID-19-enforced lockdowns devastated the global economy. Defaults in Q3 2020, however, have begun to slow down. At least thirty-four major companies have...

Recent Articles

New High Yield Bond Ratings October 12 – October 16, 2020

At least 15 companies received downgrades or revisions on high yield bond ratings during the week of October 12 – October 16,...

New Chapter 11 Filings, Disclosures: October 12 – October 16, 2020

At least three major companies have either filed for Chapter 11 Bankruptcy protection or defaulted on loans during the week of October...
Wells Fargo Coronavirus Relief

Wells Fargo Fires Over 100 Employees for Coronavirus Relief Fraud

Wells Fargo (WFC) fired over 100 employees for allegedly defrauding a coronavirus relief program from the U.S. Small Business Administration (SBA).
electric car

BlackRock Invests in UK Electric Vehicle Startup, Arrival

US funds manager BlackRock Inc. has invested $118 million in electric vehicle startup Arrival Ltd. The investment is the most Arrival has...

COVID-19 and Wildfires Test Mettle of California Wineries

COVID-19 has caused a surge in alcohol-related purchases, but it has also challenged many California wineries, which have had to change the...

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Big and Small Theaters Entertain Reopening Protocol

While the cinema community was deemed "less essential" by state officials during shutdowns, theaters across the country are entertaining and implementing reopening...

Citi to Spend Over $1B to Reduce Racial Wealth Gap

The Citi Group plans to spend $1.15 billion over the next three years to reduce the racial wealth gap. The US economy...
E-Commerce Walmart Goldman Sachs

Walmart Partners with Goldman Sachs to Offer Business Credit Lines

Small and medium-sized businesses that sell on Walmart (WMT) Marketplace were invited on Sept. 22 to apply for business lines of credit...
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Brooks Brothers Files for Bankruptcy Protection

On Wednesday July 8, Brooks Brothers filed for Chapter 11 Bankruptcy protection. The company plans to continue its search for a new...
Wheelchair mobility device

INVL Acquires Stake in Mobility Devices Manufacturer, MBL

INVL Baltic Sea Growth Fund announced this week that it will acquire a 48% stake in medical mobility devices manufacturer, MBL.