Bankruptcy

Small Businesses Embracing Subchapter V Bankruptcies
Legal

Small Businesses Embracing Subchapter V Bankruptcies

The COVID-19 economic downturn has small businesses considering Subchapter V bankruptcy filings over other options.
By Vincent Ryan | October 27, 2020
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Ruby Tuesday Files for Chapter 11
Credit & Capital

Ruby Tuesday Files for Chapter 11

The company will permanently close 185 restaurants that had shut down during the coronavirus pandemic.
By Lauren Muskett | October 7, 2020
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Sadly, America’s Next Hot Job May Be Chief Restructuring Officer
Risk

Sadly, America’s Next Hot Job May Be Chief Restructuring Officer

Many companies will struggle as the COVID recession continues and will look to CROs for guidance.
By Vincent Ryan | September 21, 2020
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New York Sports Club Owner Files for Chapter 11
Credit & Capital

New York Sports Club Owner Files for Chapter 11

Gym owner Town Sports warned a filing was imminent as it tried to strike a refinancing deal with lenders.
By Lauren Muskett | September 14, 2020
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Discount Legend Century 21 Files for Chapter 11
Credit & Capital

Discount Legend Century 21 Files for Chapter 11

The company says its insurers “turned their backs on us" as it tried to recover from store closures due to the COVID-19 pandemic.
By Matthew Heller | September 10, 2020
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Hedge Fund Founder Accused of Neiman Fraud
Risk & Compliance

Hedge Fund Founder Accused of Neiman Fraud

U.S. authorities say Daniel Kamensky coerced a rival bidder to drop a higher offer for the e-commerce business of the bankrupt retailer.
By Matthew Heller | September 4, 2020
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How to Respond When Your Banker Requests a Visit
Working Capital

How to Respond When Your Banker Requests a Visit

Borrowers should not be surprised when their lender requests a “checkup,” financial review, or audit.
By Vincent Ryan | August 10, 2020
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The Hidden Tax Obligations in Financial Restructuring
Tax

The Hidden Tax Obligations in Financial Restructuring

Since a restructuring always creates a taxable event, stakeholders must carefully consider where the tax liability goes and how it may impact them.
By Vincent Ryan | August 5, 2020
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Virgin Atlantic Files for Chapter 15 Bankruptcy Protection
Credit & Capital

Virgin Atlantic Files for Chapter 15 Bankruptcy Protection

The U.K. based carrier is pursuing a $1.5 billion restructuring.
By Lauren Muskett | August 5, 2020
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Men’s Wearhouse Owner Files for Bankruptcy
Credit & Capital

Men’s Wearhouse Owner Files for Bankruptcy

Tailored Brands is the latest of more than 20 private and public retailers to have declared bankruptcy this year.
By Matthew Heller | August 3, 2020
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Noble Corp. Files Chapter 11 to Slash $4B in Debt
Credit & Capital

Noble Corp. Files Chapter 11 to Slash $4B in Debt

"The development of COVID-19 into a global pandemic erased any doubt as to whether Noble would be able to avoid bankruptcy,” the offshore rig operator said.
By Matthew Heller | August 3, 2020
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California Pizza Kitchen Files for Bankruptcy
Credit & Capital

California Pizza Kitchen Files for Bankruptcy

“For many restaurants, the COVID-19 pandemic will be the greatest challenge they will ever face; for some, it may also be their last.”
By Lauren Muskett | July 30, 2020
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Remington Files for Chapter 11
Credit & Capital

Remington Files for Chapter 11

It is the 200-year-old gunmaker’s second filing since 2018.
By Lauren Muskett | July 28, 2020
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Parent of Ann Taylor, Lane Bryant Files for Chapter 11
Credit & Capital

Parent of Ann Taylor, Lane Bryant Files for Chapter 11

The struggling retail group said COVID-19 severely disrupted its turnaround progress.
By Lauren Muskett | July 23, 2020
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Briggs & Stratton Files Chapter 11 to Effect Sale
Credit & Capital

Briggs & Stratton Files Chapter 11 to Effect Sale

The gas engine maker was “losing money and burdened by large debts when the economic downturn caused by the coronavirus pandemic hit.”
By Matthew Heller | July 20, 2020
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