Bankruptcy

Bankruptcy

Greensill Capital Files for Insolvency

The supply-chain lender's filing follows the decision of Swiss funds that had invested in its securities to withdraw their support.

Matthew Heller
March 9, 2021
Bankruptcy

Texas Power Co-op Files Chapter 11 After Storm

Brazos Electric says the winter storm that devastated Texas left it in “a liquidity trap that it cannot solve with its current balance sheet.”
Bankruptcy

NRA Files Chapter 11 Amid Legal Battle With NY

Legal experts said the gun-rights group was likely maneuvering to thwart a suit in which New York State accuses its leaders of fraud.
Bankruptcy

Weighing COVID-19 (and Other Macro Factors) in Bankruptcy Valuations

Failure to give proper weight to macroeconomic factors in fixing valuation may result in overpaying creditors or having insufficient working capital.
Bankruptcy

Don’t Wait to Wind Down ‘Zombie’ Subsidiaries

Among the risks of delaying: former executives may remain exposed to various legal claims or personal liability.
Bankruptcy

Guitar Center Files Chapter 11 to Cut Debt Load

The COVID-19 pandemic has plunged the retailer into a liquidity crisis that "could not be resolved through short-term measures."
Bankruptcy

Norwegian Air Files for Bankruptcy in Ireland

The filing follows the decision of Norway’s government last week not to provide the low-cost airline with further financial aid.
Global Business

2020’s Best Advice for CFOs

CFO columnists provided an abundance of advice to finance chiefs in 2020. Here are some of the best columns we published.
Bankruptcy

Two Mall Owners File for Chapter 11

CBL Properties and PREIT will continue operations while they navigate the restructuring process.
Bankruptcy

Small Businesses Embracing Subchapter V Bankruptcies

The COVID-19 economic downturn has small businesses considering Subchapter V bankruptcy filings over other options.
Bankruptcy

Ruby Tuesday Files for Chapter 11

The company will permanently close 185 restaurants that had shut down during the coronavirus pandemic.
Bankruptcy

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.
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