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.
Cirque du Soleil Files for Bankruptcy
The company is also terminating about 3,500 employees who were furloughed in March.
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."
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.”
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.
HSBC Sets Aside $3B for Virus Loan Losses
“We are anticipating deep, severe recession events in western Europe and the U.S. in the second quarter."
Economic Woes Mean It’s Time to Understand Chief Restructuring Officers
Understanding the role of the chief restructuring officer has never been more important. Here’s what a CRO can and cannot do.
Modell’s Joins Sporting Goods Bankruptcy Parade
The 131-year-old company cited the “extremely challenging” retail environment in announcing it would pursue a Chapter 11 liquidation of all its 134 stores.