Filing Bankrupt in North Mississippi

Number of Troubled Companies Nears 2009 Peak

Financially strapped companies’ ranks are swelling. A Moody’s Investors Service tally of the least-creditworthy companies rose by 10 to 274 this month, pushing it nearer to April 2009’s record 291. The list comprises companies rated at least six notches into junk territory with a negative outlook–which suggests a further downgrade could come soon. The uptrend[…]

sports authority

Sports Authority Files For Bankruptcy, Plans To Shutter 140 Stores

Fitness might be the new status symbol and athleisure clothing might be all the rage, but for one storied brand, the health and wellness boom hasn’t translated into a bottom-line boon. In fact, quite the opposite: citing a challenging retail environment, Sports Authority announced Wednesday that it has filed for bankruptcy protection and will be closing[…]

Relativity Bankrupt Exit

Relativity: Judge Conditionally Approves Studio’s Bankruptcy Exit

After suggesting that Relativity might not be ready to exit bankruptcy protection, U.S. Judge Michael Wiles closed a roller-coaster hearing Tuesday, conditionally approving the studio’s reorganization. If the company can prove to Wiles’ satisfaction that it has secured some $80 million in financing, as well as a firm agreement to have Kevin Spacey and his[…]

PG Horsehead Holdings Bankruptcy

Pittsburgh-based Horsehead Holding declares bankruptcy – Horsehead Holding declared bankruptcy today and said it intends to reorganize under court protection, saying that is the best way to preserve value for stakeholders. The Robinson zinc producer filed a Chapter 11 petition in federal bankruptcy court in Wilmington, Del. The petition also includes four of its subsidiaries. According to court papers,[…]