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Chapter 11

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 Airplane Take-off by Lukas Souza (Source: Unsplash)by

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 Sector

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 ailines Azul

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,...
Neiman Marcus/High End

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

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...

Recent Articles

Central Bank

Central Bank Chiefs Want Action to Bring Price Growth Back to Moderate Levels

The central bank Chiefs around the world have warned that the era of low interest rates and moderate inflation has come to...
Zomato

Zomato Lost Nearly $1 Billion in Value After Blinkit Deal

Shares of the online delivery firm Zomato went down by more than 7.5% hitting $0.74 (₹58.20) per share on Bombay Stock Exchange...

Blockbuster Deal For Pharma Major Boots Comes A Cropper

The Walgreens Boots Alliance (WBA) announced it has abandoned plans to sell UK Pharma major Boots. It further announced Boots and No7...

London Rail Strike Loss Estimated to be $36.85M Per Day

London witnessed massive disruption across its the rail networks as over 40,000 workers struck work for three days last week.The protests started...

Rising Inflation is Leading to Shrinkflation

With high inflation comes Shrinkflation. Shrinkflation is the combination of Shrinking and inflation. It is when items shrink in their size and...

Most Popular

China’s Blockchain Company to Launch its First Major International Project

China's state-backed blockchain firm will launch its first international project soon. The Blockchain-based Service Network (BSN) describes itself as a "one-stop shop"...

Studio Movie Grill Files for Bankruptcy as Movie Industry Continues to Plunge

Studio Movie Grill, a popular in-theater dining chain, has filed for Chapter 11 bankruptcy protections in the U.S. Bankruptcy Court for the...

NASDAQ 2021’s Leading European Exchange

The NASDAQ stock exchange has been crowned leading European exchange in 2021, culminating a year of good fortune for the exchange.
Hanging clothes

Macy’s Reviews Current Business Structure

Macy's reviews the current business structure with the help of AlixPartners. This comes a month after activist investor Jana Partners urged the sale...
Seadrill Limited Deepwater Drilling

Seadrill Limited Slowly Emerges from Bankruptcy

Deepwater drilling contractor Seadrill Limited has made progress in its restructuring plans despite disruptions by the pandemic. But they are still addressing...