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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 ...
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 ...
Here’s a look at the popular companies that have gone bankrupt in 2024 (so far). 1. Red Lobster.
Sport Chalet – went bankrupt and closed in 2016; Sportswest – owned by Pay 'n Save and spun off in 1984; acquired by Big 5 Sporting Goods in 1988; Sunny's Surplus – went bankrupt in 2000 but emerged in 2001; filed for bankruptcy again in 2007 and closed most locations; three reopened in late 2007 but shut down again in 2008
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.
7. Enron Corp. Total assets at the time of bankruptcy (in billions of dollars): 65.5. Date of bankruptcy: December 2, 2001. One of the biggest accounting scandals in history saw the demise of two ...
Acquired company Acquirer Type of company acquired Value (USD, EUR and GBP) Reference January 3, 2007: Ownit Mortgage Solutions Chapter 11 bankruptcy and liquidation Mortgage lender January 29, 2007: American Freedom Mortgage: Chapter 11 bankruptcy and liquidation Mortgage lender February 21, 2007: First Merchant Bank: withdrawal of the concession
Party City. In a move to cut its mounting debt, Party City filed for Chapter 11 bankruptcy protection in January. The retailer has accumulated $1.7 billion in debt after years of declining sales ...