Category Archives: Companies

Are the Boy Scouts Infringing on their Honor Code by Declaring Bankruptcy under Chapter 11? Boy Scouts of America is an organization that has built its reputation by maintaining a clear moral code. They have sought refuge in bankruptcy court, where promises can be broken. Critics of Tuesday’s Boy Scouts Chapter 11 bankruptcy filing claim […]

Loot Crate Bankruptcy Loot Crate files Chapter 11 bankruptcy. Loot Crate admits it owes more than $30M in debt and $20M in unpaid subscriptions. Loot Crate, a monthly subscription delivery company for memorabilia, is known as “America’s Fastest Growing Company”. It filed for Chapter 11 bankruptcy. It has pledged to complete any orders that have not been paid. […]

As the Celadon Bankruptcy Case Ends, a Multitude of Creditors are Left High and Dry The Indianapolis-based Celadon Group Inc. has run out of gas trying to liquidate its assets. The bankruptcy proceedings of the trucking company have ended, and many of its creditors are now left without a paycheck. After a long period of financial […]

Men’s Wearhouse owner searches for a new lifeline after bankruptcy exit Tailored Brands Inc., the owner of Men’s Wearhouse, is looking for financial help to keep it afloat in less than three months since it emerged from bankruptcy protection. According to court papers, Tailored Brands “severely underperformed” compared to Chapter 11 reorganization plans projections. As […]

The Cheesecake Factory Agreed to Settle Allegations That it Misled Investors About How Covid-19 was Affecting their Business Cheesecake Factory agreed to pay $125,000 to settle allegations that it misled investors regarding the effects of the coronavirus outbreak on its business. CAKE Cheesecake Factory told investors that it enabled the chain’s pickup and delivery operations […]

WEWORK FINALLY GOES PUBLIC, KNOTEL FAILURE, AND MORE Spac helps WeWork go public Multiple news sources claim that WeWork is going public. WeWork has reportedly agreed to merge with a blank check firm in a deal valued at $9 billion. This deal will allow WeWork to go public nearly two years after its failed IPO. Newmark […]

McDermott International Declares Bankruptcy McDermott International, Inc. and its debtors (collectively, “McDermott”) were involved in the chapter 11 bankruptcy proceedings. In addition, BankruptcyHQ advice an “Ad Hoc Group,” which included prepetition secured term lenders as well as DIP term lenders.  As a result, McDermott, McDermott and the Ad Hoc Group, prepetition LC lenders, ad hoc […]

The Bankruptcy Case Against the NRA was Dismissed by a Judge, Which was a Major Setback For The NRA DALLAS (AP), Tuesday’s rejection by The National Rifle Association of its bankruptcy case was rejected by a federal court. Instead, the gun-rights group now faces a New York state lawsuit. It is being accused of financial misdeeds […]

2020 Farm Bankruptcies Recent increases in commodity prices continued ad-hoc financial assistance to combat natural catastrophes, retaliatory Tariffs, and coronavirus losses have been too late for some farmers across the United States.  2020 Farm Profitability: False Positive. New caseload statistics released by the United States Courts show the impact of multiple years with low commodity prices, […]

Fairway Market Declares Bankruptcy and Announces Store Closures Fairway Market filed for Chapter 11 bankruptcy protection on Thursday. It also reached a deal with Village Super Market to sell its Manhattan distribution facility and five Manhattan stores. According to the supermarket chain, the remaining 9 shops will be sold under court supervision. Fairway Market said […]