Bankruptcy Case Studies
North American-based Paperweight Development Corp., a manufacturer of coated paper products, showed net losses in each of it's last five quarters and also a sharp decline in working capital on the eve of it's bankruptcy in October 2017.
An iconic specialty retailer of toys and baby products, Toys "R" Us, Inc. filed for bankruptcy on Sept. 19, 2017.
TerraVia, a food and kindred products company, filed for bankruptcy in August 2017. CreditRiskMonitor's FRISK® Score consistently indicated that the company was the one of the riskiest within a declining industry.
Multi-billion dollar utility GenOn Energy Inc. filed for Chapter 11 bankruptcy restructuring on June 14, 2017. This outcome primarily resulted from GenOn's excessive debt load and persistent weakness in natural gas prices.
Gymboree filed for Chapter 11 bankruptcy on June 11th, shortly after defaulting on its debt. This struggling retailer is another example of the ongoing credit risks still percolating across the retail industry.
Adeptus Health recently filed for bankruptcy and creditors may have missed the early warning signs. Adeptus Health's FRISK® score, however, caught the trouble as it signaled increasing financial risk over the last twelve months.
Unilife Corporation (NASDAQ:UNIS) is one of the latest casualties in the medical equipment and supplies industry, a space that warrants increasing attention from risk professionals today.
Ezra Holdings Limited (SGX:5DN) is a Singapore-based company, which is an offshore contractor and provider of integrated offshore solutions to the oil and gas industry.
The Company filed bankruptcy on March 18, 2017.
Gordmans Stores, Inc. (NASDAQ:GMAN) is an everyday value price department store, operating as a hybrid of specialty, department store and off-price retailers.
The Company filed bankruptcy on March 13, 2017.
hhgregg, Inc. (OTC:HGGG) is an appliance, electronics and furniture retailer. The Company sells a range of appliances, audio products, computers, consumer electronics, mattresses and tablets.
Vanguard Natural Resources, LLC is focused on the acquisition and development of oil and natural gas properties in the United States.
The Company filed bankruptcy on February 1, 2017.
Stone Energy Corporation is an independent oil and natural gas company that filed bankruptcy on December 14, 2016.
Our bankruptcy case study shows how CreditRiskMonitor could have alerted you to the signs of failure before it was too late.
Performance Sports Group Ltd. filed for bankruptcy on October 31, 2016. The company is engaged in the design, manufacture and distribution of performance sports equipment, as well as related apparel and accessories.