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The following private equity firm or hedge fund owned companies have filed for bankruptcy protection: A&P (grocery chain) [1] Brookstone [2] Envision Healthcare [3] Friendly's [1] GenesisCare [3] Instant Brands (maker of Instant Pot and Pyrex) [4] Kmart [5] Payless Shoe Source [2] RadioShack [2] Red Lobster [4] RJR Nabisco [6] Sears [2] Sports ...
The telehealth orthodontics company shut down in December, less than three months after filing for Chapter 11 bankruptcy. The company sold teeth aligners, with the typical course taking 4-6 months.
In fact, according to InCharge Debt Solutions, “Only about 10% of Chapter 11 filings result in success; far more often, they end up in Chapter 7 straight bankruptcy, in which the company closes ...
Rebranded MCI, it emerged from bankruptcy in 2004 and the assets were bought by Verizon. Parmalat: Italy: 24 Dec 2003: Food: The company's finance directors concealed large debts. MG Rover Group: United Kingdom: 15 April 2005: Automobiles: After diminishing demand, and getting a £6.5m loan from the UK government in April 2005, the company went ...
The company had grown rapidly in recent years, but pandemic-related closures in 2020 kept stores dark during big holidays like Easter and Mother's Day. ... Many mall-based retailers went bankrupt ...
One major element in almost every airline bankruptcy is the rejection by the debtor of its current collective bargaining agreements with employees. After satisfying certain requirements, bankruptcy law permits courts to approve the rejection of labor contracts by the debtor-employer. With this tool, airline managers reduce costs.
Companies that filed for Chapter 11 bankruptcy in 2018 (1 C, 106 P) Companies that filed for Chapter 11 bankruptcy in 2019 (90 P) Companies that filed for Chapter 11 bankruptcy in 2020 (194 P)
As pandemic restrictions loosen, bankrupt companies get a new lease on life.As the pandemic swept across the globe in 2020, a new sort of crisis began to emerge: bankruptcies.