Bankruptcy Case Studies

Post-filing analyses of recent bankruptcies

Gain unique insights into the business and financial decline that precedes bankruptcy - and how our solutions can help predict bankruptcy amongst your company's counterparties.

CreditRiskMonitor® Bankruptcy Case Studies provide post-filing analyses of public company bankruptcies. Our case studies educate subscribers about methods they can apply to assess bankruptcy risk using our proprietary FRISK® score, robust financial database, and timely news alerts.

In nearly every case, a low FRISK® score gave our subscribers early warning of financial distress within a one-year time horizon. Our proprietary FRISK® score predicts bankruptcy risk at public companies with 96% accuracy. The score is formulated by a number of indicators including stock market capitalization and volatility, financial ratios, agency ratings, and crowdsourced behavioral data from a subscriber group that includes nearly 40% of the Fortune 1000 and thousands more worldwide.

Whether you are new to credit analysis or have decades of experience under your belt, CreditRiskMonitor® Bankruptcy Case Studies offer unique insights into the business and financial decline that precedes bankruptcy.

Bankruptcy Case Study
CreditRiskMonitor

American cosmetics giant Revlon, Inc. hit bankruptcy after years of poor C-Suite stewardship and a seemingly all-or-nothing bet on the perpetual survival of brick-and-mortar department stores. We investigate a long descent into Chapter 11.

Bankruptcy Case Study
CreditRiskMonitor

Floored by this bankruptcy? If you paid attention to Armstrong Flooring, Inc.'s FRISK® score in recent months, you wouldn't have been surprised by their Chapter 11 filing.

Bankruptcy Case Study
CreditRiskMonitor

Financial risk is never convenient. For popular British bodega proprietor McColl's, we provide a snack-sized breakdown of their recent fall into administration and show how you can spot signs of financial distress using the FRISK® score.

Bankruptcy Case Study
CreditRiskMonitor

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.

Bankruptcy Case Study
CreditRiskMonitor

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.

Bankruptcy Case Study

Skies aren't so friendly anymore for one of Asia's largest airliners, reorganizing in court and leaving creditors to collect the scraps - except for those savvy folks who relied on the FRISK® score to sidestep risk.

Bankruptcy Case Study

Multiple regulation violations in the securities market coupled with the bizarre departure of company chairman Jianming Zhou were among the deathblows for Chinese polymer producer Jiangsu Dewei, who filed for Chapter 15 bankruptcy just before the new year.

Bankruptcy Case Study
CreditRiskMonitor

Alas, bankruptcy was the best fit for Sequential Brands Group, Inc., owner of Jessica Simpson, Joe's Jeans, And1, Avia, and other apparel brands. The company filed for Chapter 11 protection after failing to comply with the amended credit agreement.

Bankruptcy Case Study
CreditRiskMonitor

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.

Bankruptcy Case Study
CreditRiskMonitor

Adios, Grupo Posadas. COVID-19 and government-mandated lockdowns in Mexico strained the popular hotel operator's liquidity to the point of bankruptcy.

Bankruptcy Case Study
CreditRiskMonitor

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.

Bankruptcy Case Study

Although crude oil prices snapped back in recent months, Denver-based Highpoint Resources filed bankruptcy not long after the publication of our High Risk Report.

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