Houston-based Blue Dolphin Energy has defaulted on its debt obligations and is having difficulty paying its suppliers. The company also disclosed going concern opinion and carries the material risk of filing bankruptcy.
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Pump the brakes on credit extension? Sustained demand weakness and cumbersome debt load have us thinking twice about auto parts manufacturer Cooper-Standard Holdings Inc.
Adios, Grupo Posadas. COVID-19 and government-mandated lockdowns in Mexico strained the popular hotel operator's liquidity to the point of bankruptcy.
After surviving the COVID-19 pandemic, Rite Aid Corporation is still dealing with a heavy debt load and recurring net losses. Is bankruptcy nearing?
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.
Continuing deterioration in operating performance and intense pricing pressure from competitors were tough pills to swallow for generic pharmaceutical manufacturer Lannett Company, Inc., ultimately leading to its bankruptcy.
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. Two years later, challenges presented by COVID-19 might soon put the company back into bankruptcy court.