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.”
Nielsen to Exit Businesses, Cut 3,500 Jobs
“These restructuring actions will further expedite our transformation to a more efficient, agile, and scalable organization."
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."