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    Bankruptcy

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    • Wednesday, 22 November, 2023
      Unhedged
      A bad idea from Finra Premium content

      And more on the zombie notpocalypse

      The New York Stock Exchange building
    • Tuesday, 21 November, 2023
      Unhedged
      The Zombie notpocalypse Premium content

      Easy money has not bred the undead

      A woman dressed as a zombie
    • Monday, 13 November, 2023
      Lex
      Corporate debt: PIK interest can dig borrowers out of trouble — temporarily Premium content

      Companies, including Carvana, are turning to form of restructuring to preserve cash

      A Carvana vending machine in Daly City, California, US
    • Wednesday, 8 November, 2023
      The FT ViewThe editorial board
      The coming wave of business bankruptcies

      Following years of low interest rates, creative destruction should be embraced

      A man walks past a boarded up shop in New York City
    • Wednesday, 8 November, 2023
      WeWork
      SoftBank paid $1.5bn to WeWork lenders including Goldman days before bankruptcy

      Japanese conglomerate has committed more than $16bn since initial investment in 2017

      The entrance to a WeWork co-working office in New York
    • Wednesday, 8 November, 2023
      News in-depthWeWork
      Fall of a ‘trailblazer’: what WeWork’s bankruptcy means for flexible working

      As office space group navigates Chapter 11 protection, rivals must also face down threats from tech and hybrid working

      A WeWork location in Tokyo
    • Tuesday, 7 November, 2023
      WeWork
      WeWork files for bankruptcy amid office market downturn

      Desk-renting company seeks to restructure more than $13bn in lease obligations through Chapter 11 process

      A WeWork office
    • Tuesday, 31 October, 2023
      LexUS & Canadian companies
      Bankruptcy: grave-dancing bankers and lawyers gird for fee bonanza Premium content

      PJT Partners rare deal adviser to show revenue growth in 2023

      A WeWork logo is seen at a WeWork office in San Francisco
    • Thursday, 26 October, 2023
      Capital markets
      Double dipping: not just for crudités

      We love a bit of internecine creditor brutality

    • Friday, 13 October, 2023
      Top US bankruptcy judge steps aside from big cases amid investigation

      David R Jones in Houston faces an inquiry over romantic relationship with a lawyer

      Traffic in Houston
    • Wednesday, 4 October, 2023
      Bed Bath & Beyond Inc
      Bed Bath & Beyond: a quick capital-structure primer for Apes

      You’ll get nothing, and like it!

    • Wednesday, 4 October, 2023
      US opioid epidemic
      A toxic mix: opioid victims’ $1bn hit from repeat pharma bankruptcy

      Hedge funds seize control of Mallinckrodt in latest case exposing flaws of US mass tort playbook

      People protest in front of the White House to raise awareness of opioid-related deaths
    • Tuesday, 12 September, 2023
      FTX Trading Ltd
      FTX update, Alameda P&L edition

      It’s a doozy

    • Tuesday, 29 August, 2023
      Unhedged
      The loan with the 545% interest rate  Premium content

      Aggressive tactics are seeping into bankruptcy financing

    • Wednesday, 23 August, 2023
      LexUS opioid epidemic
      Mallinckrodt: legal rejig may slash $1.1bn from opioid victims’ trust Premium content

      Drug producer’s prospects are poor enough that its reset enterprise value is just $3bn

      Homeless people are seen on streets of  Kensington, Philadelphia
    • Friday, 18 August, 2023
      Evergrande Real Estate Group
      Chinese developer Evergrande files for US bankruptcy protection

      Property group’s 2021 bond default triggered sector-wide liquidity crisis in China

      A housing complex built by Evergrande in Beijing
    • Tuesday, 15 August, 2023
      Apollo Global Management LLC
      Apollo calls off Yellow bankruptcy manoeuvres with $500mn loan sale

      Investor cuts exposure to failed US trucking company after jockeying over debtor-in-possession financing

      Yellow trucks at a terminal in Orlando, Florida
    • Thursday, 10 August, 2023
      Purdue Pharma LP
      Supreme Court halts $6bn Purdue opioid settlement in blow to Sacklers

      Justices will consider whether the law permits the waiver of future claims against parties not in bankruptcy

      A pharmacist holds a bottle of OxyContin
    • Monday, 7 August, 2023
      Transport
      US trucker Yellow files for bankruptcy and aims to repay federal loan

      Loss of 30,000 jobs comes as trucking industry contends with softer shipping volumes and rising costs

      Yellow Corporation trucks sit idle at a company facility in California
    • Monday, 7 August, 2023
      LexYRC Worldwide Inc
      Yellow: strike threat alone cannot explain haulier’s bizarre bankruptcy Premium content

      Group’s projections make a wind-down rather than restructuring a perplexing choice

      Yellow Corporation trucks sit idle at a company facility in California
    • Monday, 31 July, 2023
      LexJohnson & Johnson Co Inc
      Johnson & Johnson: second talc bankruptcy dismissal hits share price Premium content

      US courts resist financial engineering as fears grow that litigation could continue for years.

      Johnson’s Baby Powder: the J&J subsidiary LTL has been found ‘not sufficiently financially distressed to avail itself of bankruptcy’.
    • Tuesday, 27 June, 2023
      FTX Trading Ltd
      One question remains about FTX customer funds

      How exactly were customer funds kept separate (or not separate) at FTX.US?

    • Tuesday, 27 June, 2023
      Lordstown Motors
      Lordstown Motors files for bankruptcy protection

      Struggling automaker accuses Taiwanese group Foxconn of reneging on commitments

      A sign reading ‘Ride with Lordstown’ at the company’s headquarters
    • Tuesday, 20 June, 2023
      FTX Trading Ltd
      FTX bankruptcy ‘on track to be very expensive’ as fees top $200mn

      Court-appointed examiner says lawyers and advisers have billed millions as they sort through crypto exchange’s ‘wreckage’

      FTX sign on building
    • Monday, 19 June, 2023
      Accounting & Consulting services
      PwC and KPMG drawn deeper into Brazilian retailer’s accounting scandal

      Audit firms scrutinised over collapse of Americanas which has shocked corporate Brazil

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