Bankruptcy

Bankruptcy

Pier 1 Files Chapter 11, Plans Sale of Company

The filing is "intended to provide Pier 1 with additional time and financial flexibility" as it looks for a buyer.

Matthew Heller
February 18, 2020
Bankruptcy

Newspaper Publisher McClatchy Files for Bankruptcy

The company said it would continue to operate as it restructures $700 million in debt.
Bankruptcy

Forever 21 Reaches Sale Deal With Landlords

Mall operators Simon Property and Brookfield "have a stake in keeping the [bankrupt] fast-fashion retailer and mall staple running."
Bankruptcy

Bar Louie Files Chapter 11 to Pursue Asset Sale

The company has also closed 38 locations as it struggles with declining mall traffic and a shift away from casual dining.
Bankruptcy

Oilfield Services Company McDermott Files for Bankruptcy

The prepacked Chapter 11 bankruptcy plan includes $2.8 billion in operating cash and elimination of more than $4.6 billion of debt.
Capital Markets

Private Capital Aimed at Distressed Businesses in 2020

With a recession potentially looming, venture capital and private equity funds seek to pick up troubled assets from lenders on the cheap.
Bankruptcy

Bumble Bee Files for Chapter 11 Bankruptcy Protection

The company announced an agreement to sell assets amid legal woes.
Bankruptcy

Papyrus Files for Bankruptcy, Closing All 254 Stores

The greeting card and stationery chain is expected close all stores in the next two months.
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."
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.
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