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The following private equity firm or hedge fund owned companies have filed for bankruptcy protection: A&P (grocery chain) [1] Brookstone [2] Envision Healthcare [3] Friendly's [1] GenesisCare [3] Instant Brands (maker of Instant Pot and Pyrex) [4] Kmart [5] Party City [6] Payless Shoe Source [2] Prospect Medical Holdings [7] RadioShack [2] Red ...
Rebranded MCI, it emerged from bankruptcy in 2004 and the assets were bought by Verizon. Parmalat: Italy: 24 Dec 2003: Food: The company's finance directors concealed large debts. MG Rover Group: United Kingdom: 15 April 2005: Automobiles: After diminishing demand, and getting a £6.5m loan from the UK government in April 2005, the company went ...
Acquired company Acquirer Type of company acquired Value (USD, EUR and GBP) Reference January 3, 2007: Ownit Mortgage Solutions Chapter 11 bankruptcy and liquidation Mortgage lender January 29, 2007: American Freedom Mortgage: Chapter 11 bankruptcy and liquidation Mortgage lender February 21, 2007: First Merchant Bank: withdrawal of the concession
As pandemic restrictions loosen, bankrupt companies get a new lease on life.As the pandemic swept across the globe in 2020, a new sort of crisis began to emerge: bankruptcies.
Party City. In a move to cut its mounting debt, Party City filed for Chapter 11 bankruptcy protection in January. The retailer has accumulated $1.7 billion in debt after years of declining sales ...
Companies tend to use the Chapter 11 process to wind down some operations, tackle mounting debt and save on costs by closing locations. Here are some of the most notable bankruptcies of 2024 ...
After trying unsuccessfully to sell the Excite portal during a sharp downturn in online advertising, the company filed for bankruptcy in September 2001. [14] It was acquired by Ask.com in March 2004. [15] Flooz.com: A digital currency founded by Robert Levitan; it folded in 2001 due to lack of consumer
This high-end beauty brand's U.S. division filed for Chapter 11 bankruptcy protection at the end of January, citing crushing rent obligations in light of COVID-19's drag on sales. The chain had ...