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.
Resources
Stay ahead of public company risk with our bankruptcy case studies, high risk reports, blogs and more.
![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)
![Textile manufacturer Pan Brothers Tbk PT unsuccessfully relied on a strategy of using short-term working-capital facilities to cover its long cash-conversion cycle, leading to eventual bankruptcy. Textile manufacturer Pan Brothers Tbk PT unsuccessfully relied on a strategy of using short-term working-capital facilities to cover its long cash-conversion cycle, leading to eventual bankruptcy.](/sites/default/files/styles/featured_image/public/2022-03/Pan_Brothers_2121_1414_2.png.webp?itok=FJnwq1ut)
Textile manufacturer Pan Brothers Tbk PT unsuccessfully relied on a strategy of using short-term working-capital facilities to cover its long cash-conversion cycle, leading to eventual bankruptcy.
![Ferrellgas cannister](/sites/default/files/styles/featured_image/public/2020-01/hrr-ferrellgas.jpg.webp?itok=CYV9nM2D)
A steep decline in working capital and a skyrocketing total debt-to-EBITDA fuels our suspicion that Ferrellgas Partners, L.P. might be heading towards bankruptcy in the coming year.
![Out of gas: American propane giant Ferrellgas Partners L.P. has met bankruptcy after years of financial turmoil and ever-growing risk.](/sites/default/files/styles/featured_image/public/2021-01/Ferrellgas_BCS_2121_1414_1.jpg.webp?itok=EGsue4ar)
Out of gas: American propane giant Ferrellgas Partners L.P. has met bankruptcy after years of financial turmoil and ever-growing risk.
![Patrick Spargur, experienced commercial debt collections executive and former credit manager.](/sites/default/files/styles/featured_image/public/2020-12/Spargur_headshot_2121_1414_2.jpg.webp?itok=cbtzVm3B)
CreditRiskMonitor recently interviewed Patrick Spargur, an experienced commercial debt collections executive, and former credit manager, on the economic downturn and relevant credit industry best practices to use in this challenging environment.
![A dormant debt powder keg ignited in 2023; in 2024, risk professionals must set into motion a multi-faceted approach to financial risk evaluation, including reviews by region, industry, and unique accounts. A dormant debt powder keg ignited in 2023; in 2024, risk professionals must set into motion a multi-faceted approach to financial risk evaluation, including reviews by region, industry, and unique accounts.](/sites/default/files/styles/featured_image/public/2024-02/Bankruptcies_2121_1414.png.webp?itok=IbP2ZrCt)
A dormant debt powder keg ignited in 2023; as bankruptcies continue to explode in 2024, risk professionals must set into motion a multi-faceted approach to financial risk evaluation.
![The party's over. Party City Holdco put up a fight, but suffocating debt and supply chain woes forced the American retailer into Chapter 11 bankruptcy. Party City storefront](/sites/default/files/styles/featured_image/public/2023-03/Party_City_2121_1414.png.webp?itok=3k8_Qf9l)
CreditRiskMonitor offers up five quick and important facts that you need to know about Party City Holdco Inc. to make a more solid business evaluation – or, more advisable, even an alteration of credit extension or a pivot to a peer.
![Department stores](/sites/default/files/styles/featured_image/public/2020-01/blog-department-stores.png.webp?itok=gGlLRadB)
Big-name retailers Macy’s, Inc. and Neiman Marcus Group LTD LLC are on opposite ends of the bankruptcy risk spectrum - and for Neiman Marcus, time may be running out to turn their fiscal fortunes around.