Bankruptcy

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.

Kenneth A. Rosen
January 13, 2021
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

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

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

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.
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.
Bankruptcy

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.
Bankruptcy

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.
Fraud

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.
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