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The party's over. Party City Holdco put up a fight, but suffocating debt and supply chain woes forced the American retailer into Chapter 11 bankruptcy.

CreditRiskMonitor delivers a highly accurate gauge of U.S. public company bankruptcy risk. During the preceding three calendar years from 2020 to 2022, out of 352 occurrences of bankruptcy, our proprietary FRISK® score only missed predicting 17 bankruptcies. That amounts to a 96% rate of success during that time.

It's getting late for Tuesday Morning Corporation to get its act together financially. The off-price retailer is struggling to control debt, compounded by persistent losses in the aftermath of COVID-19 shutdowns.

Clovis Oncology, Inc. has filed for bankruptcy due to the combination of poor sales tied to its cancer drug, Rubraca, and a significant debt load.

Cover your ears, but not your eyes: if Audacy, Inc. doesn't lower its debt volume, creditors will need to look much more closely at the Philadelphia-based broadcasting giant.

WeWork Inc. continues to expand its network and carries some untapped funding sources, but has not proved that it can control its cash burn. Crowdsourced subscriber sentiment is signaling to the FRISK® score that bankruptcy could be in the cards in the coming months.

CreditRiskMonitor reported operating revenues of $4.55 million, an increase of 5%, for the three months ended Sept. 30, 2022, as compared to the third quarter of fiscal 2021.