Medical services provider Cano Health, Inc. ran out of cash and incurred a mountain of debt, part of a corporate healthcare sector spike in bankruptcies in early 2024.
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![Medical services provider Cano Health, Inc. ran out of cash and incurred a mounatin of debt, part of a corporate healthcare sector spike in bankruptcies in early 2024. Medical services provider Cano Health, Inc. ran out of cash and incurred a mounatin of debt, part of a corporate healthcare sector spike in bankruptcies in early 2024.](/sites/default/files/styles/featured_image/public/2024-03/Cano_Health_2121_1414.png.webp?itok=dXI6Ga0A)
![Basic Energy Services Image](/sites/default/files/styles/featured_image/public/2021-12/BSE_2121_1414.png.webp?itok=Y_pUO04S)
With an enduring COVID-19 pandemic both weakening crude oil prices globally and sinking their revenue, Basic Energy Services, Inc. has opted for bankruptcy protection for the second time in five years.
![CEG Image](/sites/default/files/styles/featured_image/public/2021-12/CEG_2121_1414.png.webp?itok=YWpUNxLO)
It's anyone's guess as to whether or not the Chinese government will step in and bail out property developer China Evergrande Group, but CreditRiskMonitor subscribers should never think a leveraged-to-the-max company like this is immune from potential bankruptcy.
![With consumer demand plummeting because of the COVID-19 pandemic, highly leveraged automotive supplier Shiloh Industries, Inc. has filed for Chapter 11 restructuring. With consumer demand plummeting because of the COVID-19 pandemic, highly leveraged automotive supplier Shiloh Industries, Inc. has filed for Chapter 11 restructuring.](/sites/default/files/styles/featured_image/public/2020-09/Shiloh_2121_1414_2.png.webp?itok=oUAFRBOa)
With consumer demand plummeting because of the COVID-19 pandemic, highly leveraged automotive supplier Shiloh Industries, Inc. has filed for Chapter 11 restructuring.
![Massive losses due to COVID-19 and the sale of its Canadian subsidiary indicates to CreditRiskMonitor subscribers that the fun may soon be over for Party City. Massive losses due to COVID-19 and the sale of its Canadian subsidiary indicates to CreditRiskMonitor subscribers that the fun may soon be over for Party City.](/sites/default/files/styles/featured_image/public/2021-05/Party_City_2121_1414_1_0.jpg.webp?itok=xj9kJq33)
Massive losses due to COVID-19 and the sale of its Canadian subsidiary indicates to CreditRiskMonitor subscribers that the fun may soon be over for Party City.
![J.Crew Group, Inc. Bankruptcy Case Study](/sites/default/files/styles/featured_image/public/2020-05/JCrew_2121_1414_1.jpg.webp?itok=urWQ8_BJ)
Being one of the first major retailers derailed by COVID-19? Hardly fashionable. How did it all go wrong for J.Crew?
![Listen up: Audacy, Inc., the largest radio and podcast company in the U.S., is bankrupt after years of debt financing in reaction to macroeconomic challenges brought forth from a mass advertiser exodus. Listen up: Audacy, Inc., the largest radio and podcast company in the U.S., is bankrupt after years of debt financing in reaction to macroeconomic challenges brought forth from a mass advertiser exodus.](/sites/default/files/styles/featured_image/public/2024-01/Audacy_2121_1414_3.png.webp?itok=z5rBbcWn)
Listen up: Audacy, Inc., the largest radio and podcast company in the U.S., is bankrupt after years of debt financing, in reaction to macroeconomic challenges brought on by a massive decline in advertising revenue.
![Abraxas Image](/sites/default/files/styles/featured_image/public/2021-12/Abraxas_2121_1414.png.webp?itok=5x2bAMb7)
Things are drying up around Abraxas Petroleum Corporation's derricks and a going concern opinion is giving many company creditors pause. We suggest that if you are counterparty to this oil and gas titan, you do the same.
![For the second time in four years, Seadrill Limited is bankrupt. The company is the latest in a series of offshore rig firms to seek court protection from creditors following spending cuts by the energy sector in wake of the COVID-19 pandemic. Seadrill Limited Bankruptcy Case Study](/sites/default/files/styles/featured_image/public/2021-03/Seadrill_2121_1414_1.jpg.webp?itok=PTikeSMQ)
For the second time in four years, Seadrill Limited is bankrupt. The company is the latest in a series of offshore rig firms to seek court protection from creditors following spending cuts by the energy sector in wake of the COVID-19 pandemic.