Tag Archives: Bankruptcy

Mexico’s second largest airline, Grupo Aeromexico SAB, has filed for bankruptcy. While there has been a sharp decrease in travel, the company is using this time to refinance. The impact has been so significant that the airline was forced to … Continue reading →

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 →