Resources

Engine failure: the bankruptcy of Briggs & Stratton Corporation was an event long suspected by CreditRiskMonitor subscribers who watched the company's fledgling FRISK® score on a daily basis.

California Resources Corporation could not stave off bankruptcy in 2020, hit simultaneously by a price war in oil & gas and the worldwide coronavirus pandemic.

¡Ay, Caramba! The coronavirus has grounded Grupo Aeroméxico SAB de CV, but their heavy debt load preceding the pandemic made the Mexican airliner a bankruptcy risk for many years prior.

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

Mexican department store chain Grupo Famsa SAB de CV has met bankruptcy, hammered by a huge drop in sales due to COVID-19.

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.