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.
