American Apparel Bankruptcy
American Apparel, LLC, formerly American Apparel, Inc., filed bankruptcy on October 5, 2015. The company is a vertically integrated manufacturer, distributor and retailer of branded fashions basic apparel and accessories for women, men, children and babies.
The company filed for bankruptcy again on November 14, 2016.
About Bankruptcy Case Studies
CreditRiskMonitor bankruptcy case studies provide a post-filing analysis of typical bankruptcy filings by public companies.
In nearly every case, a low Altman Z'' score gave our subscribers very early warning that trouble was brewing, usually more than a year in advance.
Most companies also showed continuing decline in the content of the news alerts that we sent to our subscribers (resignations, asset sales, "going concern" opinions, late SEC filings, etc.), and from the deterioration of their financial results. Typically, a sharp decline in CreditRiskMonitor's proprietary FRISK® score to a very risky rating of 4 or below occurred 3-9 months before the company filed for bankruptcy protection