Bankruptcies

Cobalt International Energy Files for Chapter 11 Bankruptcy

Cobalt International Energy Bankruptcy

Cobalt International Energy, Inc. (NYSE:CIE) has filed for Chapter 11 bankruptcy. The oil and gas company, which is financially struggling upstream,  said it will sell off the company for parts. Houston, Texas-based Cobalt says it has enough money to fund operations during the restructuring process and will conduct its business as usual. The bankruptcy petition for (more…)

Charming Charlie Bankruptcy: Jewelry Retailer Sought Chapter 11 Protection Due to Declining Foot Traffic in Malls

Charming Charlie Bankruptcy

Charming Charlie LLC, a Houston-based jewelry retailer, has filed for Chapter 11 bankruptcy protection as the company succumbs to the challenges faced by the retail industry, namely a decline in mall foot traffic and the ever-increasing prominence of online shopping. The Charming Charlie bankruptcy will result in some major changes for the company; nearly 100 (more…)

Woodbridge Group Bankruptcy: Real Estate Developer seeks Chapter 11 Protection

Woodbridge Group of Companies and its Subsidiaries File for Chapter 11 Bankruptcy Woodbridge Group of Companies, LLC, a real estate investment firm, has filed for Chapter 11 bankruptcy protection. The company blamed the bankruptcy filing on costs associated with ongoing litigation and regulatory compliance. During the bankruptcy process, Woodbridge will be looking to restructure its (more…)

Walter Investment Management Bankruptcy: Mortgage Servicer Seeks Chapter 11 Protection with About $2bn in Debt

Walter Investment Management Bankruptcy

After reports in October that Walter Investment Management Corp (NYSE:WAC) was working on a plan to help with its debt, the Walter Investment Management bankruptcy has finally landed. The mortgage banking firm has long been struggling with billions of dollars in debt, with the Walter Investment Management Chapter 11 protection seen as one of the few options remaining (more…)

Retail Bankruptcies in 2017: Toys ‘R’ Us, rue21, and Others Sought Chapter 11 Protection as Online Shopping Surged

2017 Retail Bankruptcies

It’s been an abysmal year for traditional retailers. In fact, there have been more retail bankruptcies in 2017 than in any other year. In the first half of the year, more than 300 retailers filed for bankruptcy–a 31% increase over the first half of 2016. With only one month left in 2017, U.S. retailers have already (more…)

Real Industry Bankruptcy Filed as Company Struggles with Debt

Real Industry Bankruptcy

Real Industry Inc (NASDAQ:RELY), a holding company with interests in Real Alloy Holding Inc. and its U.S. subsidiaries, filed a petition for voluntary Chapter 11 reorganization in the U.S. Bankruptcy Court for the District of Delaware. The Real Industry bankruptcy represents another business in the U.S. folding under the tough economic climate some companies are experiencing (more…)