150+ Companies That Have Filed for Bankruptcy Amidst COVID-19 Share Post Almost 9 months into a global pandemic marked by global lockdown measures and store closures, the economic impact of the coronavirus pandemic has been stark. One outcome of these challenging times is a distinct rise in ...
LBO-Backed Companies That Filed For Bankruptcy Protection In 2008.A chart is presented listing the leveraged buyout-backed companies that filed for bankruptcy protection in 2008.EBSCO_bspBuyouts
The companyfailed to keep upwith many of the innovations brought by the digital age. As digital cameras became popular, reducing the need for photographic film and cameras, Kodak ran into financial difficulties. The company ultimately filed for bankruptcy in 2012 before reorganizing and emerging from...
LL Flooring closed nearly 100 of its 442 stores earlier this year and filed for Chapter 11 bankruptcy. As a result of the closures, around 2,000 employees will lose their jobs. The company said that placed flooring installation orders will be completed over the next 30 days, but no new in...
The company filed for bankruptcy in 2012. In 1999, Sony launched the “Memory Stick Walkman”, one of the world’s first digital music players. Sony was armed with the iconic Walkman brand, some of the world’s best consumer electronics engineers and the talent-soaked Sony-BMG music label...
The precursor to what would become Marvel Entertainment was founded in the 1930s under the name Timely Comics. The comic book publisher went through various name changes, different ownerships, filed forbankruptcy, and developed into a premier creator and publisher of entertainment media with a libra...
Today, more than 100 companies have established their own asbestos bankruptcy trusts. Estimates suggest there’sover $30 billionstill in these trust funds for asbestos victims and their families. Some of the bankrupt asbestos companies with trusts include: ...
The company initially expected to roll out a spacecraft prototype in 2015 but ran into financial difficulties and began laying off staff the following year. Prototype development of the Lynx vehicle was never completed, and XCOR Aerospace eventually filed for bankruptcy in 2017. ...
Bankston said that while Jones had successfully delayed the trial by seeking bankruptcy protection for the companies affiliated with him, the “dishonest plot will have severe consequences for both Mr. Jones and the fawning attorneys who went along with this sham.” “Every single time Mr. Jon...
More than 3,000 US companies filed for bankruptcy between January and late June. For tens of thousands more that may be teetering on the edge, Mr Zandi, the Moody’s chief economist, identifies what he calls “a Hobson’s choice: do I make my debt payment on time, or do I [keep] ...