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.
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.
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.
I want a new drug? Specialty pharmaceutical manufacturer Endo International plc recently contacted a restructuring firm to help address its mounting debt obligations.
Will a stitch in time stop bankruptcy? International textile manufacturing leader Pan Brothers Tbk PT has seen its cash flow slow to a trickle in recent years, bringing on a crisis of working capital.
CreditRiskMonitor reported that operating revenues increased approximately $286,000, or 7%, for the three months ended Sept. 30, 2021, compared to the third quarter of fiscal 2020.
Aerospace leader Team, Inc.'s debt load has spiked into the stratosphere. As company leadership is concurrently in upheaval, is bankruptcy also written in the stars?
The high-profile implosion of China’s largest property developer, China Evergrande Group, with 2.4 trillion RMB in total assets has snapped to the attention of financial risk evaluators worldwide.
CreditRiskMonitor recently published a Bankruptcy Case Study on apparel titan Sequential Brands Group, Inc. What were the glaring warning signs of failure? And how can you avoid a major bankruptcy write-down when the evidence of danger is cloaked? Our latest “Five Fast Facts” blog answers these questions and more.
CreditRiskMonitor offers up five quick and important facts that you need to know about China Evergrande Group right now to make a more solid business evaluation – or, more advisable, even an alteration of credit extension or a pivot to a peer.
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.