Largest Pizza Hut Franchisee Files Chapter 11
NPC International has been dealing with “a perfect storm of problems” including coronavirus-related shutdowns, a massive debt load and rising costs.
Shale Oil Company Chesapeake Energy Files for Bankruptcy
The company said it will eliminate $7 billion in debt though the restructuring.
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."
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.”
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.”
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."
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."
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.
JCPenney Files Chapter 11 Despite Turnaround Gains
The iconic retailer says the progress it had been making after years of declining sales "was wiped out with the onset of COVID-19."
Neiman Marcus Takes ‘Stunning Fall’ to Chapter 11
The luxury retailer "had been struggling with competition from online rivals and dwindling cash" before the coronavirus forced it to close its stores.
J.Crew Files for Chapter 11
The retail chain said it reached a deal with its lenders to convert $1.65 billion of debt into equity.