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A number of major airlines have declared bankruptcy and have either ceased operations, or reorganized under bankruptcy protection. Airlines, like any business, are susceptible to market fluctuations and economic difficulties. The economic structure of the airline industry may contribute to airline bankruptcies as well.
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 into administration. After the loss of 30,000 jobs, Nanjing Automobile Group bought the company's assets. Bayou Hedge Fund Group
DoubleClick: An online advertising company that soared after its IPO, it was acquired by Google in 2007. eGain: Its stock price doubled shortly after its 1999 IPO. Egghead Software: An online software retailer, its shares surged in 1998 as investors bought up shares of Internet companies; by 2001, the company was bankrupt.
Tuesday Morning's first bankruptcy filing was in May 2020, when the company said it was the only way to bounce back from two months of pandemic-related store closings. In the wake of that filing ...
The company's share price fell from $3.22 to $1.15 last week after the Wall Street Journal reported it was preparing to file for bankruptcy protection, closing on $1.07 on Friday.
US budget carrier Spirit Airlines has announced it has filed for bankruptcy protection after accumulating debt and losing more than $2.5bn since 2020. But it has stressed to its customers that it ...
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 restaurant company previously filed for Chapter 11 bankruptcy in 2020. Melt Bar & Grilled In June, the Cleveland-based chain said it was struggling to pay its vendors and landlords.