fun facts

Johnson & Johnson and the Texas Two-Step.

“The Texas Two-Step is a way of describing when a company with a f*ck ton of potential tort liabilities…” uses obscure Texas corporate law to limit that liability in bankruptcy court. One more quote: “If that sounds shady as f*ck […]

retail therapy

AMC Entertainment Inc.

The incredible story of the company that leveraged a Reddit-fueled runup in its stock price to raise a bunch of money and avert its impending bankruptcy for a little while longer. Remember, this is not wall street vs the little […]

teaching the kids

The future of education (bankruptcy).

Discussion of the link between education, finance and muni bonds. “I fear that the changes in store for higher education are going to look a lot like the painful changes we’ve seen in retail, travel, news, and entertainment.” | learn more

retail therapy

The Hertz Corporation files for bankruptcy

From the restructuring industry newsletter Petition: “Much like most other COVID victims, Hertz could be described as having mild pre-conditions that made it generally more susceptible to the virus. For years now, the company has been attempting to effectively treat […]

retail therapy

Are bankruptcy floodgates opening?

This recent issue of the newsletter Petition contains a bunch of interesting insights. Retailers are so far notably absent from restructuring. Why? One reason: it’s hard to do a Going Out of Business Sale when stores aren’t open. | learn more

to your health

Healthcare industry bankruptcy activity on the rise.

Petition11 is a great newsletter that covers “disruption from the vantage point of the disrupted”. That’s right – they cover the distressed companies that are or soon will end up in bankruptcy court. This week: Trident Holding Company LLC, a […]