Bankruptcy

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.

Stephen Klein
September 21, 2020
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.
Tax

The Hidden Tax Obligations in Financial Restructuring

Since a restructuring always creates a taxable event, stakeholders must carefully consider where the tax liability goes and how it may impact them.
Bankruptcy

Virgin Atlantic Files for Chapter 15 Bankruptcy Protection

The U.K. based carrier is pursuing a $1.5 billion restructuring.
Bankruptcy

Men’s Wearhouse Owner Files for Bankruptcy

Tailored Brands is the latest of more than 20 private and public retailers to have declared bankruptcy this year.
Credit

How to Respond When Your Banker Requests a Visit

Borrowers should not be surprised when their lender requests a “checkup,” financial review, or audit.
Bankruptcy

Noble Corp. Files Chapter 11 to Slash $4B in Debt

"The development of COVID-19 into a global pandemic erased any doubt as to whether Noble would be able to avoid bankruptcy,” the offshore rig operator said.
Bankruptcy

California Pizza Kitchen Files for Bankruptcy

“For many restaurants, the COVID-19 pandemic will be the greatest challenge they will ever face; for some, it may also be their last.”
Bankruptcy

Remington Files for Chapter 11

It is the 200-year-old gunmaker’s second filing since 2018.
Bankruptcy

Parent of Ann Taylor, Lane Bryant Files for Chapter 11

The struggling retail group said COVID-19 severely disrupted its turnaround progress.
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