Bankruptcy

bankruptcy

SunEdison Finally Files for Bankruptcy

Solar PV maker SunEdison Inc. (NYSE: SUNE) announced Thursday morning that it had voluntarily filed petitions for a Chapter 11 reorganization with the bankruptcy court for the southern district of ...
Read Full Story »
Solar rooftop

SunEdison Seeks Financing for Likely Bankruptcy Filing

In a filing with the U.S. Securities and Exchange Commission (SEC) Friday morning, SunEdison Inc. (NYSE: SUNE) said it has entered into confidentiality agreements with certain of its first- and ...
Read Full Story »
Coal

Why Peabody Energy Bankruptcy Filing Is No Surprise

In an announcement released very early Wednesday morning, Peabody Energy Corp. (NYSE: BTU) filed voluntary petitions for Chapter 11 bankruptcy protection for the majority of its U.S. entities. No Australian ...
Read Full Story »
fracking

Another Bakken Oil Company Files for Bankruptcy

Independent oil and gas producer Emerald Oil Co. (NYSEMKT: EOX) filed for bankruptcy Tuesday after markets closed. The company's main area of operations is the Bakken shale play in North Dakota ...
Read Full Story »
CNG sign

Alternative Fuel Company Quantum Files for Chapter 11

Quantum Fuel Systems Technologies Worldwide Inc. (NASDAQ: QTWW) announced Wednesday morning that it has filed for Chapter 11 bankruptcy protection in federal bankruptcy court for the central district of California. Quantum expects ...
Read Full Story »
boardwalk

Amidst All Its Splendor, Atlantic City May Go Under

According to Atlantic City's description of itself, it is one of the best places in the world to visit or live. On the other hand, Mayor Don Guardian says it won't ...
Read Full Story »
Store Closing

Aeropostale Trouble Risks 3,000 Jobs

The tattered turnaround at Aeropostale Inc. (NYSE: ARO) just ended. The company has put itself up for sale. Its financials and lack of customers could undercut that effort. Over 3,000 jobs ...
Read Full Story »
Roulette wheel

Will Caesars Entertainment Survive the Damning Examiner’s Report?

Embattled casino operator Caesars Entertainment Corp. (NYSE: CZR) was dealt another blow Tuesday when a nonbinding examiner’s report determined that $3.6 billion to $5.1 billion worth of assets were unfairly stripped ...
Read Full Story »
train hauling coal

Peabody Energy One Step Closer to Bankruptcy Filing

When it filed its Form 10-K annual report Wednesday morning with the U.S. Securities and Exchange Commission (SEC), coal miner Peabody Energy Corp. (NYSE: BTU) said that there is "substantial ...
Read Full Story »
Coal

Coal Miner Alpha Files Chapter 11 Plan

When coal mining company Alpha Natural Resources filed for bankruptcy in August of 2015, there was no surprise. The only question was how the carnage in the industry itself would ...
Read Full Story »
analysis

Is Pacific Sunwear on the Brink of Implosion?

It seems that now is the time that Pacific Sunwear of California Inc. (NASDAQ: PSUN) may be on the verge of implosion. It is sad to see when this happens, ...
Read Full Story »
Coal

Is Peabody Energy Preparing for Bankruptcy?

Last Monday Peabody Energy Co. (NYSE: BTU) filed a report with the U.S. Securities and Exchange Commission (SEC) detailing its recent discussions with some of its creditors and outlining potential ...
Read Full Story »
bankruptcy

Republic Airways Tailspins After Chapter 11 Bankruptcy Filing

Republic Airways Holdings Inc. (NASDAQ: RJET) saw its shares in free fall on Friday following a recent bankruptcy filing. The company announced that it and certain of its subsidiaries have ...
Read Full Story »
bankruptcy

Oil Patch Bankruptcies Soar in 2015

A total of 48 oil and gas exploration and production (E&P) companies filed for bankruptcy in 2015, and 39 oilfield services companies also filed for bankruptcy protection last year. So ...
Read Full Story »
Coal

Arch Coal’s Pre-Destined Bankruptcy Filing

The other shoe has dropped for Arch Coal Inc. (NYSE: ACI). The coal miner said Monday morning that as part of restructuring deal with its lenders, it and "substantially all" ...
Read Full Story »