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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.

WeWork Inc.'s bankruptcy was an event our subscribers were well prepared for, as the former high-flying startup was burning cash at a time of incredible disruption in the commercial real estate market.

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.

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.

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.

Specialty retailer, The Container Store Group, Inc., filed for bankruptcy on December 22, 2024. The FRISK® Score had signaled the company’s financial distress for 12 consecutive months, providing early warning to subscribers. Yet the company’s Days Beyond Terms Index, a measure of historical trade payment performance, persistently indicated prompt payment behavior. The divergence between these indicators is known as the “Cloaking Effect”.

Chesapeake Energy Corporation is the latest heavily indebted oil and gas business to seek bankruptcy protection since the coronavirus pandemic crippled demand for energy.