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Trouble Down Under? Metal mining equipment and services operator Boart Longyear Limited filed a Chapter 15 bankruptcy petition to gain recognition of its Scheme of Arrangement proceeding with primary interests in Australia.
Lights, Camera, Bankrupt. Our FRISK® score broadcasted the financial dangers hidden within Minnesota-based media company iMedia Brands, Inc., a debt-laden enterprise hurt by declining cable TV subscribers and inflation.
Highly leveraged Lucira Health, Inc., maker of at-home COVID-19 and flu tests, went bankrupt after pandemic restrictions universally eased and demand for company wares subsequently plummeted.
For the second time in six years, Avaya Holdings Corporation is filing for bankruptcy protection. The multinational tech firm struggled to hit earnings targets in 2022 as it continues to fully convert its business model to the cloud.
Cash-strapped home goods retailer Bed Bath & Beyond is now bankrupt, capping one of the craziest documented descents into Chapter 11 seen by our clients in some time.
German-based manufacturer SGL Carbon SE provides carbon fiber materials to various end markets of automotive, wind energy, and aerospace. Despite customers steadily recovering, the company continues to struggle with thin margins and high leverage.
Chesapeake Energy Corporation is the latest heavily indebted oil and gas business to seek bankruptcy protection since the coronavirus pandemic crippled demand for energy.
It's anyone's guess as to whether or not the Chinese government will step in and bail out property developer China Evergrande Group, but CreditRiskMonitor subscribers should never think a leveraged-to-the-max company like this is immune from potential bankruptcy.