Bankruptcy

Cinemex Emerges from Bankruptcy, but Industry Still Unclear

Cinemex Holdings USA, the controlling arm for the U.S. branch of the Mexico-based company Cinemex Cinemas, recently emerged from Chapter 11 bankruptcy...

CA Restaurateurs Fear Second Shutdown Poses Serious Risk

California began its second shutdown of on-site dining at restaurants on December 6, 2020. Restaurant owners, frustrated by the decision, said it...

New Chapter 11 Filings, Disclosures: December 14 – December 18, 2020

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

San Fran’s Cliff House, After Surviving Many Disasters, to Close this Year

After 157 years and a storied history, San Francisco's Cliff House restaurant will permanently close on December 31, 2020. Like its brethren...

Maple Leaf Cheese Cooperative files for Bankruptcy After 110 Years

Maple Leaf Cheese Cooperative filed for Chapter 11 bankruptcy on December 12, 2020. The 110-years-old Wisconsin-based cheese cooperative is responsible for numerous...

New High Yield Bond Ratings December 7 – December 11, 2020

At least 20 companies received downgrades or revisions on high yield bond ratings during the week of December 7 – December 11,...

New Chapter 11 Filings, Disclosures: December 7 – December 11, 2020

At least three major companies have either filed for Chapter 11 bankruptcy protection or defaulted on loans during the week of December...
Distressed Assets

Distressed Assets Report: November 2020

Private equity firms have reason to celebrate this holiday season. For the third consecutive month, portfolio companies have seen fewer distressed assets.

JC Penney Emerges from Bankruptcy in Time for the Holiday Season

JC Penney emerged from Chapter 11 Bankruptcy on Dec. 7, 2020, just in time for the holiday season rush. The 118-year-old retailer...

Thousands of Layoffs Loom for Disney

For months, Disney managed to avoid layoffs despite a raging pandemic. But even the multinational and multimedia behemoth has finally succumbed. In...

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

New Chapter 11 Filings, Disclosures: January 11 – January 15, 2021

At least three major companies have either filed for Chapter 11 bankruptcy protection or defaulted on loans during the week of January...
Apartment Complex Housing Stocks

Housing Stocks Split Over Coronavirus Vaccine News

Housing stocks for homebuilders are taking a hit, while apartment REITs are finally starting to rise again amid a market rally. It...

FireEye Receives $400 Million from Blackstone

FireEye receives a $400 million investment from Blackstone. As a result, FireEye's shares had a 10 percent increase. The company also announced...

Energy Industry Struggles with Declining Demand

The energy industry has hit a record low, as companies struggle to stay afloat amidst the pandemic.  A total...

Clinical Ink Acquired By GI Partners in Impactful Deal

Today, GI Partners announced its acquisition of Clinical Ink, a global clinical trial technology company. NovaQuest, an existing investor in Clinical Ink,...