Out-of-Court Restructuring as a Viable Alternative to Chapter 11
Under the right circumstances, an out-of-court restructuring is the best bet for an efficient, less costly process.
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.
Coke to Cut 2,200 Jobs Amid Virus Slowdown
The company has been "trimming expenses and products amid the closures of restaurants, bars, movie theaters and sports stadiums that sell its drinks."
3M to Cut 3% of Workforce Amid Virus Slowdown
The company's latest streamlining move will enable it to "deliver greater growth and productivity as global markets emerge from the pandemic."
Danone Announces Job Cuts, Restructuring
The consumer goods company says it is reshaping itself as a “local-first” organization.
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."
Ford Targets White-Collar Job Cuts in U.S.
The automaker is aiming to trim at least 1,400 positions through voluntary buyouts as it continues to shift to electric and autonomous vehicles.
Coca-Cola to Cut Workforce in Global Reorganization
The company will offer voluntary layoff packages to about 4,000 workers in the U.S. and Canada.
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.
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.
Briggs & Stratton Files Chapter 11 to Effect Sale
The gas engine maker was “losing money and burdened by large debts when the economic downturn caused by the coronavirus pandemic hit.”