Bankruptcy

Bankruptcy

Cirque du Soleil Files for Bankruptcy

The company is also terminating about 3,500 employees who were furloughed in March.

William Sprouse
June 30, 2020
Bankruptcy

Shale Oil Company Chesapeake Energy Files for Bankruptcy

The company said it will eliminate $7 billion in debt though the restructuring.
Bankruptcy

Chuck E. Cheese Parent Files for Chapter 11

CEC Entertainment expects to continue operating many of its family-oriented restaurants, including the Peter Piper Pizza chain, as it reorganizes.
Bankruptcy

GNC Files For Chapter 11

The vitamin and dietary supplements retailer has a potential buyer as it accelerates plans to cut its storecount.
Bankruptcy

24 Hour Fitness Files for Bankruptcy

“If it were not for COVID-19 and its devastating effects, we would not be filing for Chapter 11.”
Bankruptcy

Hertz Seeks Permission to Sell New Shares Amid Bankruptcy

The unusual move comes as its bonds trade at steep discounts.
Bankruptcy

Templar Energy Goes Bankrupt to Complete Sale

With its Chapter 11 filing, Templar is “joining a growing list of distressed operators amid the sharpest oil market downturn in recent memory.”
Applications

Skillsoft Files Chapter to Ease $2B Debt Burden

“While our core business remains strong, with attractive profitability and cash flow characteristics, our debt levels are too high."
Bankruptcy

Libbey Files Chapter 11 Amid ‘Dramatic’ Slump

The impact of COVID-19 on "demand for our products and on our business is truly unprecedented in Libbey's more than 200-year history."
Bankruptcy

Pier 1 to Liquidate After 58 Years in Business

"This is not the outcome we hoped for when we began [the Chapter 11] process, and we are deeply saddened to move forward with winding down Pier 1."
Bankruptcy

Tuesday Morning Joins Retail Chapter 11 Parade

The discounter's in-store sales only business model left it unable to weather the fallout from the coronavirus pandemic.
Bankruptcy

Akorn Files for Chapter 11 After Failed Takeover

The generic drugmaker listed $10 billion of debt and $10 billion of assets.
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