Oil and gas geosurveying company Ion Geophysical Corporation defaulted on its debt obligations earlier this year and announced forbearance and an amendment extension. The Houston-based company is the latest to fall during a post-COVID-19 energy crisis.
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![Oil and gas geosurveying company Ion Geophysical Corporation defaulted on its debt obligations earlier this year, announced forbearance and an amendment exension. The Houston-based company is the latest to fall during a post-COVID-19 energy crisis. Oil and gas geosurveying company Ion Geophysical Corporation defaulted on its debt obligations earlier this year, announced forbearance and an amendment exension. The Houston-based company is the latest to fall during a post-COVID-19 energy crisis.](/sites/default/files/styles/featured_image/public/2022-06/ion_2121_1414_1.jpg.webp?itok=NDSQB6Ms)
![Hotel Storm Image](/sites/default/files/styles/featured_image/public/2021-12/Hotel_Storm_2121_1414_1.png.webp?itok=131HNm4a)
Adios, Grupo Posadas. COVID-19 and government-mandated lockdowns in Mexico strained the popular hotel operator's liquidity to the point of bankruptcy.
![After filing bankruptcy in 2016, steel maker Altos Hornos de Mexico SAB de CV is once again facing financial distress despite constructive economic factors that have buoyed market prices. After filing bankruptcy in 2016, steel maker Altos Hornos de Mexico SAB de CV is once again facing financial distress despite constructive economic factors that have buoyed market prices.](/sites/default/files/styles/featured_image/public/2021-06/Altos_2121_1414_1.png.webp?itok=YWCopinL)
After filing for bankruptcy in 2016, steelmaker Altos Hornos de Mexico SAB de CV is once again facing financial distress despite constructive economic factors that have buoyed market prices.
![Canadian metal miner Taskeo Mines Limited is quickly losing its luster with persistenly weak financials. Can the company dig itself out of debt? We're skeptical. Canadian metal miner Taskeo Mines Limited is quickly losing its luster with persistenly weak financials. Can the company dig itself out of debt? We're skeptical.](/sites/default/files/styles/featured_image/public/2021-08/Taseko_2121_1414_1.png.webp?itok=qd6gAGf_)
Canadian metal miner Taseko Mines Limited is quickly losing its luster with persistently weak financials. Can the company dig itself out of debt? We're skeptical.
![We have a problem: Houston-based oilfield services company Nine Energy Service, Inc. recently completed a distress exchange and faces headwinds from constrained capital spending among upstream operators. We have a problem: Houston-based oilfield services company Nine Energy Service, Inc. recently completed a distress exchange and faces headwinds from constrained capital spending among upstream operators.](/sites/default/files/styles/featured_image/public/2021-06/Nine_Energy_2121_1414_1.png.webp?itok=CxHDpu4x)
We have a problem: Houston-based oilfield services company Nine Energy Service, Inc. recently completed a distress exchange and faces headwinds from constrained capital spending among upstream operators.
![Unfortunately, bankruptcy fit Christopher & Banks Corporation perfectly, as the women's apparel retailer was walloped by economic downturn brought on by COVID-19. Unfortunately, bankruptcy fit Christopher & Banks Corporation perfectly, as the women's apparel retailer was walloped by economic downturn brought on by COVID-19.](/sites/default/files/styles/featured_image/public/2021-01/Christopher_2121_1414_1.jpg.webp?itok=6ik419jX)
Unfortunately, bankruptcy fit Christopher & Banks Corporation perfectly, as the women's apparel retailer was walloped by the economic downturn brought on by COVID-19.
![Metallurgical and thermal coal producer Contura Energy Inc. emerged from Chapter 11 in late 2018. Today, challenges presented by COVID-19 might soon put the company back into bankruptcy court.](/sites/default/files/styles/featured_image/public/2020-12/Contura_2121_1414_1.jpg.webp?itok=fn7BT-Jg)
Metallurgical and thermal coal producer Contura Energy Inc. emerged from Chapter 11 in late 2018. Two years later, challenges presented by COVID-19 might soon put the company back into bankruptcy court.
![Trouble Down Under? Metal mining equipment and services operator Boart Longyear Limited filed a Chapter 15 bankruptcy petition to gain recognition of its Scheme of Arrangement proceeding with primary interests in Australia. Trouble Down Under? Metal mining equipment and services operator Boart Longyear Limited filed a Chapter 15 bankruptcy petition to gain recognition of its Scheme of Arrangement proceeding with primary interests in Australia.](/sites/default/files/styles/featured_image/public/2021-09/Boart_2121_1414.png.webp?itok=ybeRne7T)
Trouble Down Under? Metal mining equipment and services operator Boart Longyear Limited filed a Chapter 15 bankruptcy petition to gain recognition of its Scheme of Arrangement proceeding with primary interests in Australia.
![Bellatrix pipeline](/sites/default/files/styles/featured_image/public/2020-01/hrr-belatrix.jpg.webp?itok=NShdK87u)
Bellatrix Exploration Ltd., an oil & gas giant based in the Canadian Rockies, is battling mountainous debt obligations and interest payments.