Bankruptcy

New Chapter 11 Filings, Disclosures: May 18 – May 22, 2020

Credit issuers lowered various ratings of eight companies that either filed for Chapter 11 Bankruptcy protection or defaulted on loans during the...

More Than 100 PE-Backed Companies are at Risk of Defaulting

Credit ratings issuers have shown no mercy. COVID-19 continues to ravage the U.S. economy, and issuers believe 109 companies are at risk...

Consumer Discretionary Sector Hit Hardest in Tough Month for PE-Backed Companies

Thirty-nine private equity-sponsored companies are at risk of bankruptcy, due to COVID-19, which continues to wreck havoc across the economy.
Health-Care Investor Makes New Bankruptcy Bid for Bay Area Hospital

Health-Care Investor Makes New Bankruptcy Bid for Bay Area Hospital

Healthcare investor Strategic Global Management Inc. offered $50 million in an all cash offer for two bankrupt Bay Area hospitals owned by...
Frontier Communications to Skip Interest Payments While Pursuing $17 Billion Restructuring

Frontier Communications to Skip Interest Payments While Pursuing $17 Billion Restructuring

Frontier Communications Corp. will skip interest payments to bondholders, which is 60 days before they are able to force a bankruptcy.
Ample Hill Creamery Files For Bankruptcy

Ice Cream Chain Ample Hills Creamery Files for Bankruptcy

Ample Hills Creamery, a Brooklyn-based chain of ice cream shops, announces bankruptcy to sell off the business after a ill-fated decision to...
Toys ‘R’ Us Creditor Trust Sues Former Owners

Toys ‘R’ Us Creditor Trust Sues Former Owners

A bankruptcy trust for creditors who lost money in the Toys “R” Us Inc. bankruptcy sued former Chief Executive David Brandon and...
Modell’s Files for Bankruptcy

Modell’s Files for Bankruptcy, Will Close Down All Stores

Modell’s Sporting Goods Inc. filed for bankruptcy on Wednesday after being unsuccessful in finding a buyer. As a result, Modell's Sporting Goods...
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...

Recent Articles

Distressed Steak ‘N Shake Narrowly Avoids Bankruptcy

Like many other restaurants, Steak 'n Shake became a distressed dining facility due to COVID-19. But similar to the brands that have...
Brex

Brex Files Application for Industrial Bank Charter with FDIC

Fintech Brex announced in a statement on Feb. 19 that it has submitted an application with the Federal Deposit Insurance Corporation (FDIC)...

New High Yield Bond Ratings February 15 – February 19, 2021

At least 25 companies received a revision on high yield bond ratings during the week of February 15 - February 19, 2021....

Varo Bank raises $63 million from NBA player Russell Westbrook

Varo Bank raised $63 million from NBA all star player Russell Westbrook’s organization, Russell Westbrook Enterprises. Westbrook will join Varo Bank as...

SPAC Aurora Acquisition Corp. Goes Public Looking at European, Middle Eastern, and African Technology...

Aurora Acquisition Corp. has filed paperwork with the SEC announcing its IPO. Moreover, this deal registers 23 million units to publicly trade...

Most Popular

Quarterly Report 2020: Tariffs and International Trade Agreements, 2nd Quarter 2020

The 2nd quarter tariffs of 2020 affected imports, including aluminum and steel, as well as whiskey, on U.S. manufacturers. There were also...

New High Yield Bond Ratings November 2 – November 6, 2020

At least 19 companies received downgrades or revisions on high yield bond ratings during the week of November 2 – November 6,...

DoorDash Set for Fourth Quarter IPO, Facing Legal Injunction and Prop. 22

Third-party food delivery service, DoorDash, is anticipated to make its IPO during the fourth quarter of 2020. The company has experienced...

Maison Kayser U.S. Operator Goes Bankrupt, Aurify Bids on Takeover

Cosmoledo, LLC, the operator of U.S. stores of French bakery chain Maison Kayser, filed for Chapter 11 on Sept. 10.

New Chapter 11 Filings, Disclosures: August 24 – August 28, 2020

At least five new companies have either filed for Chapter 11 Bankruptcy Protection or defaulted on loans during the week of August...