Tag Archives: Bankruptcy

In order to reform their finances, Old Time Pottery has decided to file for bankruptcy this week due to impact of Covid-19. Prior to the pandemic, the company experienced a sudden decline in sales that went on as long as … Continue reading →

Francesca’s, the even now-struggling merchant, says that the coronavirus prompted a shut down of more than 700 of the company’s boutiques from the end of March through the end of April. This led to a significant decline in its equivalent … Continue reading →

 Corporation CEC Entertainment recently filed for bankruptcy. The corporation says this is the most difficult time in its history, but it intends to establish a restructuring plan. The company has liabilities and assets ranging from $1 billion to $10 billion … Continue reading →

Checkers Drive-In Restaurants Inc. have sought out financial advisers in order to help them maneuver through the effects of the coronavirus pandemic. Their private-equity owner, Oak Hill Capital Partners, hired both an investment banker and turnaround adviser to investigate possible … Continue reading →

Due to the unforeseen circumstances caused by the COVID-19, 42 hospitals closed or have filed for bankruptcy. With the financial tests we will face in the upcoming months, this may push even more hospitals into the same dilemma. Between March … Continue reading →

The corporation for American Addiction Center has filed for bankruptcy, according to the Bankruptcy Court in Delaware. The company says they expect to come out from bankruptcy in 125 days, after implementing a reformed plan to drop out their debt. … Continue reading →

 Within the last few weeks, numerous companies are seeking bankruptcy filing, more in the last two days than in the last two weeks. Seven cases of bankruptcy filings have been reported since Sunday, topping the already five that were reported … Continue reading →

  Brooks Brothers, the clothing store, will be joining the slew of unfortunate bankruptcy filings. Since the filing, the two most successful companies, Authentic Brands Group LLC and Simon Property Group Incorporated are partnering up to bid for the 200-year-old … Continue reading →

Recently, Skillsoft Corporation, an e-learning company, announced they will be filling for bankruptcy. They have agreed to an agreement of restructuring its $2 billion debt to $410 million. The filing took place at the US Bankruptcy Court of Delaware, in … Continue reading →

With the unforeseen circumstances due to the pandemic, the Topeka YMCA has asked to file for bankruptcy. The president and CEO, John Mugler said because the organization was shutdown for two months, bankruptcy seems to be the most reasonable action … Continue reading →