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Updating CreditRiskMonitor’s Confidential Financial Statement Service (CFS) Risk Model has led to higher capture rates of bankruptcy in private companies, with a remarkable upward spike in captures on applicable companies with lower FRISK® scores.

Keep on truckin'? American freight transporter Yellow Corporation could be on the road to bankruptcy as it is rapidly running out of cash even after securing a $700 million bailout in 2020.

Lights, Camera, Bankrupt. Our FRISK® score broadcasted the financial dangers hidden within Minnesota-based media company iMedia Brands, Inc., a debt-laden enterprise hurt by declining cable TV subscribers and inflation.

Powering down: IT infrastructure leader Cyxtera Technologies filed for bankruptcy protection in the wake of major losses and on the eve of fast-arriving debt maturities.

Struggling with debt and declining sales, ATM and Point of Sale tech manufacturer Diebold Nixdorf, Inc. has filed for Chapter 11 protection. Our subscribers, armed with the FRISK® Score, would have made an early withdrawal before bankruptcy struck.

Bankruptcy has claimed British chemical manufacturer Venator Materials PLC after years of struggle with both high European energy costs and waning demand.

CreditRiskMonitor reported operating revenues of $4.6 million, an increase of approximately $253 thousand or 6%, for the three months ended March 31, 2023, as compared to the first quarter of fiscal 2022.

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.

CreditRiskMonitor today announced that its Board of Directors has appointed Michael Flum, the Company’s President and Chief Operating Officer, as CreditRiskMonitor’s next Chief Executive Officer. 

Cash-strapped home goods retailer Bed Bath & Beyond is now bankrupt, capping one of the craziest documented descents into Chapter 11 seen by our clients in some time.