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.
Baby bankruptcy boom: American retailer Destination Maternity Corporation has met Chapter 11. Our suspicions about their heightened financial risk, however, were born more than a year before their filing.
Canadian oil & gas titan Bellatrix Exploration Ltd. suffered under the weight of tremendous debt, keeping their FRISK® score pinned down before eventual bankruptcy.
Our subscribers who had global travel giant Thomas Cook Group plc in their portfolios as the company's debt soared and working capital eroded were provided ample time to sidestep financial risk thanks to the FRISK® score.
Retail leader Fred's, Inc. tried to stave off Chapter 11 with new leadership while hundreds of their drugstores closed for good. A household name in much of the U.S., we look at what led to their rapid decline.
They paid their bills on time right up until the day they filed for Chapter 11 bankruptcy protection. If you're in oil & gas, spotting risk within Sanchez Energy Corporation would have required deeper drilling.
Risk professionals who did not heed CreditRiskMonitor and strikingly low daily FRISK® scores for Weatherford International plc failed to see it's true bankruptcy potential.
Houston-based Halcón Resources Corporation is the latest North American energy company to meet bankruptcy in 2019. Their weak liquidity, lack of working capital and excessive corporate overhead all ultimately proved too much to keep Chapter 11 at bay.
Monitronics International, Inc. met Chapter 11 in 2019 but CreditRiskMonitor subscribers had the opportunity to survey danger in this electronic security industry leader far ahead of their bankruptcy filing.
The news that Kona Grill, Inc. went bankrupt was tough to digest for many risk professionals - but not CreditRiskMonitor subscribers, who would have been aware of the restaurant chain's financial struggles for years.
