Creditor Compositions — Cheaper Than Bankruptcy
Compared with an in-court proceeding, a creditor composition agreement is much less costly. Here’s how to execute one successfully.
Judge Slams NRA for ‘Bad Faith’ Chapter 11 Filing
The gun-rights group now faces "a legal reckoning" in New York, where the state attorney general is seeking its dissolution.
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.”
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.
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.
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.
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."
Two Mall Owners File for Chapter 11
CBL Properties and PREIT will continue operations while they navigate the restructuring process.
Small Businesses Embracing Subchapter V Bankruptcies
The COVID-19 economic downturn has small businesses considering Subchapter V bankruptcy filings over other options.
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.
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.