Bankruptcy

Bankruptcy

Got Milk? Not Enough as Dean Foods Files Chapter 11

Dean's bankruptcy is "a fresh setback to a U.S. dairy industry struggling against declining U.S. milk consumption and rising competition."

Matthew Heller
November 13, 2019
Bankruptcy

Murray Energy Files for Chapter 11

At least seven coal companies have filed for bankruptcy protection this year as consumers shift to renewable energy sources.
Bankruptcy

Authentic Brands Declares Victory In Barneys Auction; Rivals Don’t Concede

“Barneys is continuing to work towards a value-maximizing going-concern transaction," said a spokesperson.
Risk Management

Insolvencies Are on the Rise in Western Europe

Slowing economic and global trade growth, as well as Brexit uncertainty, are the main drivers of the insolvencies.
Bankruptcy

Thomas Cook Collapses, Leaving Thousands of Travelers Stranded

The British travel agency’s collapse is causing “global travel chaos.”
Bankruptcy

Purdue Pharma Files for Bankruptcy Protection

The OxyContin maker’s $10 billion tentative settlement will be used to resolve opioid lawsuits in 24 states.
Bankruptcy

Alta Mesa Resources Files Chapter 11 Bankruptcy

The shale oil startup cited "a historically challenging commodity price environment and a capital market that is highly constrained for energy companies."
Bankruptcy

Forever 21 Scaling Back Global Ambitions in Bankruptcy Plan

The "fast fashion" retailer said it would close stores in Canada, Europe, and Asia but continue operations in Mexico and Latin America. 
Bankruptcy

Fred’s to Close All Stores in Chapter 11 Bankruptcy Liquidation

The discount retailer has been reporting yearly losses since 2015.
Tax

IRS Aims to Catch Up to Tech Advancements

Tax agency proposes regulations that would impact tax on income from international cloud transactions and electronic transfers of digital content.
Global Business

When the International Tail Wags the Domestic Dog

Seemingly minor overseas issues can significantly affect a restructuring or distressed-sale transaction by a U.S. parent company.
Bankruptcy

Barneys New York Files for Bankruptcy; Closing Most Stores

The luxury department store chain has faced rising rents and unsuccessful attempts to find a buyer.
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