Ford Motor Company: Why Bankruptcy is a Foregone Conclusion Ford’s credit rating will likely be lower soon, and the company could go bankrupt even before a recession. S&P and Fitch could downgrade Ford’s credit rating in a matter of minutes. This will result in Ford’s long-term debt being subject to a covenant, which could adversely impact […]
Weatherford’s CEO Resigns as The Firm Prepares to File For Chapter 22 Bankruptcy Protection Weatherford International’s CEO has resigned only days before the firm’s annual meeting amid a financial problem that may result in the business declaring bankruptcy for the second time in less than a year. According to the business, Mark McCollum left on […]
Can You Declare Bankruptcy if You Owe Money on your Student Loans? It is not impossible, but it is difficult to discharge your student debts via bankruptcy. When student loan payments become too much to bear, declaring bankruptcy to discharge your debts entirely may seem like the best choice. You would be free of that […]
The Ultimate Guide to Personal Bankruptcy In America There have been approximately 750,000 filings for personal bankruptcy in recent years. So, we walk you through the basics with no judgment. This is one of the paradoxes of the pandemic economic system: People aren’t filing bankruptcy as they used to due to government intervention to stop debt […]
Chesapeake Energy Declares Bankruptcy After trying for years to manage its debts, Chesapeake Energy finally declared bankruptcy on Tuesday. Although the company is now much smaller than its former self, it was once the country’s second largest producer of natural gas. It was a free-spending company that had assets in almost every major energy-production area […]
Charming Charlie Continues Brick-And-Mortar Comeback 18 Months After Bankruptcy Retailer of accessories and apparel for women- Charming Charlie make a comeback in 2021, 18 months after it filed for bankruptcy and closed all 261 stores. The chain, which is well-known for its scarves and handbags and jewelry, opened six new locations in 2020. It plans […]
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. […]
What Are the Negative Consequences of Filing for Bankruptcy? Filing for bankruptcy protection is seen as a declaration of your capacity to repay your creditors. The fact that you filed for bankruptcy and were granted protection will appear on your credit report for up to ten years. Additional things to consider while considering the disadvantages […]
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 […]