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Bankruptcy Case Studies
Post-filing analyses of recent bankruptcies
Gain unique insights into the business and financial decline that precedes bankruptcy - and how our solutions can help predict bankruptcy amongst your company's counterparties.
CreditRiskMonitor® Bankruptcy Case Studies provide post-filing analyses of public company bankruptcies. Our case studies educate subscribers about methods they can apply to assess bankruptcy risk using our proprietary FRISK® score, robust financial database, and timely news alerts.
In nearly every case, a low FRISK® score gave our subscribers early warning of financial distress within a one-year time horizon. Our proprietary FRISK® score predicts bankruptcy risk at public companies with 96% accuracy. The score is formulated by a number of indicators including stock market capitalization and volatility, financial ratios, bond agency ratings from Moody’s, Fitch and DBRS, and crowdsourced behavioral data from a subscriber group that includes 35% of the Fortune 1000 and thousands more worldwide.
Whether you are new to credit analysis or have decades of experience under your belt, CreditRiskMonitor® Bankruptcy Case Studies offer unique insights into the business and financial decline that precedes bankruptcy.
Chesapeake Energy Corporation is the latest heavily indebted oil and gas business to seek bankruptcy protection since the coronavirus pandemic crippled demand for energy.
The (pizza) party's over. Texas-based CEC Entertainment, Inc., parent company of the popular Chuck E. Cheese theme restaurant chain in the U.S., has filed for bankruptcy as the combo of tremendous debt and stay-at-home orders during the COVID-19 pandemic derailed their business.
Time ran out for health retailer GNC Holdings, Inc. in their quest to shape up their balance sheet. The popular house of nutrition suffered mightily under the weight of debt.
Tobacco giant Pyxus International has filed for bankruptcy, citing COVID-19-related supply chain disruptions and an overall decline in cigarette sales and consumption.
Hertz Global Holdings, Inc., a global superstar in rent-a-car, was taken out of the driver's seat and into bankruptcy thanks to many factors - including a propensity to load up on debt and the ongoing coronavirus pandemic.
Animal pharma leader Akorn, Inc. had been in bankruptcy danger for several years. When a stern warning from the FDA and a failed takeover bid derailed their business, they were left with nowhere else to turn.
Louisiana-based Hornbeck Offshore Services, Inc., an operator of oil supply and support vessels, opted for bankruptcy after an acute collapse in energy prices.
Canadian women's apparel staple Reitmans is being forced to restructure, its options exhausted from the outbreak of COVID-19. Yet signs of their bankruptcy potential were revealed by our FRISK® score a year prior to their filing.
J. C. Penney Company, Inc., an American shopping mall icon, has lost in its fight to avoid bankruptcy. In this COVID-19 pandemic, struggling public retailers that have stayed alive by loading up on debt are running out of time.
Ultra Petroleum Corporation has filed for Chapter 11 protection for the second time in four years, torpedoed in large part by persistently weak natural gas prices.
Retail Apocalypse Now: Houston-based Stage Stores, Inc. has filed for Chapter 11 bankruptcy protection, just one of several large U.S. retailers to do so thus far in the month of May.
