Bankruptcy

Mountain top coal mine

Patriot Coal Bankruptcy Auction Set

When Patriot Coal filed for bankruptcy in May of this year, it became the first of the U.S. coal companies to succumb to the tumbling price of coal. The company ...
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coal

Arch Coal Soars as Debt Swap Offer Delayed Again

To say that shares of Arch Coal Inc. (NYSE: ACI) have been volatile Monday morning is not an overstatement. Shares opened at $7.54, down more than 8% from Friday’s closing ...
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Coal stack on white

Leveraged Loan Default Rate Soars on Coal Miner Bankruptcies

Since the beginning of March, 77% of leveraged loan default volume has come from metals/mining and energy companies. While the institutional rate for the trailing 12 months was 1.4% at ...
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solar panels

Is Another Chinese Solar Maker on the Road to Bankruptcy?

Since Chinese solar panel makers Suntech and LDK Solar filed for bankruptcy protection in 2013 and 2014, respectively, the solar panel business has gotten more stable. Manufacturing overcapacity has dropped, ...
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Power Plant

Energy, Mining Companies Lead Debt Default Rates Higher

The impact of low commodity prices has taken a steep toll on energy producers, particularly in the oil and coal businesses. According to Fitch Ratings, the energy industry’s default rate ...
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Coal stack on white

Is Arch Coal Next for the Bankruptcy Line?

Arch Coal Inc. (NYSE: ACI) is getting some pushback from investors holding the company’s $1.9 billion term loan and seeking to stop the company from going through with a debt ...
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coal train

Alpha Natural Resources Surprises No One With Bankruptcy Filing

In a move that took no one by surprise, Alpha Natural Resources filed for Chapter 11 bankruptcy protection Monday morning. The company, which traded on the New York Stock Exchange ...
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American Apparel image

Will American Apparel File for Bankruptcy?

Trendy clothing maker American Apparel Inc. (NYSEMKT: APP) faces a $15.4 million debt repayment bill in October and there is some question about whether or not the company will be ...
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Caesars Bankruptcy Possible Following Court Ruling

A federal bankruptcy judge in Chicago has denied a request from casino and resort operator Caesars Entertainment Corp. (NASDAQ: CZR) to delay creditor lawsuits totaling some $11 billion while the ...
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87311959

A&P Stores on Track to File for Chapter 11

What was once the largest retailer in the United States is on the verge of filing for Chapter 11 bankruptcy protection. Great Atlantic & Pacific Tea, better known as A&P, ...
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Puerto Rico

Puerto Rico’s Chances of Bankruptcy Look Weak to Credit Suisse

The United States may have a problem closer to home than Greece. Puerto Rico just made debt payments that were previously under question. Many investors worry about the fallout's impact ...
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RadioShack Speaker Wall

Who Still Lends Money to RadioShack?

RadioShack is dead. Or is it? News came out on Monday that General Wireless Operations Inc., which operates as RadioShack, completed a new financing pact that came to a total ...
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Molycorp Mountain Pass Mine

Molycorp Files for Chapter 11, Delisted From NYSE

When Molycorp (MCPIQ) held its initial public offering in July of 2010, the company priced the shares at $13.25, below the IPO range of $15 to $17 that the company ...
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Money background. Close-up.

Will Molycorp Shareholders Get Totally Wiped Out in Bankruptcy?

Molycorp Inc. (NYSE: MCP) may soon join the endless number of public companies that have filed for bankruptcy protection. There have been countless warnings about this U.S.-based leader in rare ...
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solar panels

Is Yingli Solar About to Implode?

In its annual Form 20-F filing with the U.S. Securities and Exchange Commission (SEC) last Friday, Chinese solar PV maker Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) said, “There ...
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