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CreditRiskMonitor announced preliminary results of operation for twelve months ended Dec. 31, 2021. Revenue grew to approximately $17 million and Operating Income grew to approximately $2 million plus.

The end credits could roll on Cineworld Group, the parent company of several large movie theater chains including Regal Entertainment Group. Will COVID-19 ultimately annihilate the industry?

Skies aren't so friendly anymore for one of Asia's largest airliners, reorganizing in court and leaving creditors to collect the scraps - except for those savvy folks who relied on the FRISK® score to sidestep risk.

Houston-based Blue Dolphin Energy has defaulted on its debt obligations and is having difficulty paying its suppliers. The company also disclosed going concern opinion and carries the material risk of filing bankruptcy.

Multiple regulation violations in the securities market coupled with the bizarre departure of company chairman Jianming Zhou were among the deathblows for Chinese polymer producer Jiangsu Dewei, who filed for Chapter 15 bankruptcy just before the new year.

Alas, bankruptcy was the best fit for Sequential Brands Group, Inc., owner of Jessica Simpson, Joe's Jeans, And1, Avia, and other apparel brands. The company filed for Chapter 11 protection after failing to comply with the amended credit agreement.

With an enduring COVID-19 pandemic both weakening crude oil prices globally and sinking their revenue, Basic Energy Services, Inc. has opted for bankruptcy protection for the second time in five years.

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.