Bankruptcy

Regal Suspends All U.S. Movie Theater Operations due to Pandemic

On October 5, Regal Entertainment Group owner Cineworld Group plc announced the suspension of its U.S. movie theater operations.

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...

New High Yield Bond Ratings September 28- October 2, 2020

At least 24 companies received downgrades or revisions on high yield bond ratings during the week of September 28 – October 2,...

New Chapter 11 Filings, Disclosures: September 28 – October 2, 2020

At least three major companies have either filed for Chapter 11 Bankruptcy or defaulted on loans during the week of September 28...

U.S. Universities, Colleges Face Crisis amid COVID-19

Higher education institutions began 2020 under financial pressure nationwide, due to declining enrollments and shrinking support from state governments. But in spring, the...

P.F. Chang’s Announces New and Continued Layoffs in Ongoing COVID-19 Response

The restaurant industry has been one of the hardest hit by COVID-19. Restaurants like P.F. Chang's China Bistro, Inc., already struggling before...

Bouchard Transportation, the Largest U.S. Petroleum Barge Operator, Goes Bankrupt

The pandemic claimed another company within the distressed oil and gas sector, as Bouchard Transportation Co., Inc. announced its Chapter 11 filing...

Impresa Aerospace Files Bankruptcy, Cites Grounded 737 Max and COVID

Impresa Holdings Acquisition Corp., a California-based, privately owned company, filed for bankruptcy on September 24. It reported losses due to 737 Max...

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...

Effects of COVID-19 Continue, Force IT’SUGAR, Sizzler into Bankruptcy

The economic impact of the pandemic continues to rage across the restaurant industry, one of the most susceptible sectors. In late September...

Recent Articles

Scener Receives $2.1M in Seed Funding

Scener, a watch-together streaming service, received $2.1 million in seed funding round led by Seattle-based SeaChange. The platform's co-viewing movie and television...
Customer Data Software

Twilio Acquires Customer Data Startup Segment for $3.2 Billion

Twilio Inc., a customer communications platform provider, has announced it will acquire Customer Data Platform (CDP) startup Segment Inc. Twilio acquired the...

Bank Of America to Provide Small-Dollar Short-Term Loans

Bank of America introduced the Balance Assist loan, which provides small-dollar loans to select clients. It offers clients short-term liquidity by lending...

Zomedica Registers more than 9 Million Shares Ahead of Proposal for U.S. Domestication

Zomedica Corp. (NYSE: ZOM) has filed preliminary paperwork with the SEC registering shares and announcing a special shareholder meeting. The S-4 filing...

Array Technologies Announces Price for IPO

Solar technology company Array Technologies (NASDAQ: ARRY) made its public debut on the Nasdaq Exchange, pricing its IPO on Wednesday Oct. 14....

Most Popular

Agragene Raises $4 Million in Series A Funding

Agricultural technology company, Agragene, has raised an additional $4 million in series A funding. The San Diego-based company is developing eco-friendly alternatives...
Mortgage Rates Consumers

Mortgage Rates Remain Near Record Lows

According to an Oct. 1 Freddie Mac (FMCC) report, 30-year fixed mortgage rates averaged 2.88% for that week, down two basis points...

New Chapter 11 Filings and Disclosures: June 22 – June 26, 2020

Six new companies have either filed for Chapter 11 Bankruptcy or defaulted on loans during the week of June 22 – June...
Pier 1 Imports Chapter 11 Bankruptcy

Pier 1 Imports Files Chapter 11 Bankruptcy

Pier 1 Imports the once prominent furniture store with locations numbering over a 1000, filed for chapter 11 bankruptcy on Monday. A...

Stein Mart Files Chapter 11, Plans Liquidation Sales

After 112 years in business, U.S. discount chain Stein Mart filed for Chapter 11 bankruptcy on Wednesday, August 12. The company, headquartered...