Tag Archives: Bankruptcy

Chuck E. Cheese Corporation Files for Bankruptcy

 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

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Checkers Drive-In Restaurants Seek Help from Financial Advisers

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

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US Hospitals Close or File for Bankruptcy

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

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Health Care Facility American Addiction Center files for Bankruptcy

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

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Current Bankruptcy Wave Soars

¬†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

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Brooks Brothers Enters Bankruptcy Filing

  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

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Skillsoft Corporation Files for Bankruptcy

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

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Topeka YMCA Files for Bankruptcy

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

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New York & Co Owner Says a Bankruptcy Filing Fits

         The owner of New York & Co., RTW Retailwinds Inc. is next on the long list of businesses facing the difficult decision of whether or not they should file for bankruptcy. Prior to the pandemic, and the stay at … Continue reading

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24 Hour Fitness Consider Bankruptcy Loan

24 Hour Fitness Worldwide Inc. is pursuing a financing package to continue in business after considering bankruptcy options. The company has been looking into a potential bankruptcy loan for as much as $200 million. Prior to the pandemic, the gym … Continue reading

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