Press

THE MEDIA'S MOST TRUSTED SOURCE FOR BANKRUPTCY INFORMATION.

Check out some of the most recent examples of BankruptcyData in the news below.

 
 

BankruptcyData’s analysis referenced in Pensions & Investments’sCommentary: Walking dread: Avoid zombie companies to protect your investment portfolios”

“Investors may want to also pay attention to corporate bankruptcies, which experts project increasing in their frequency in 2019. BankruptcyData last year hinted at another worrying trend that may help identify zombies: serial filers. Over the years, several major retail companies filed for Chapter 11 protection more than once. New Generation Research Inc.'s BankruptcyData showed that almost 25% of 2018 filers were on their second or third bankruptcy filing. With these types of serial bankruptcies, we're seeing businesses where even debt restructuring may not be able to save them.”

LINK TO COVERAGE

Young Conaway Recipient of 2019 BankruptcyData Industry Best Award

“Young Conaway is pleased to announce that the firm has won the BankruptcyData Industry Best Award in the Law Firm Category for 2019.  The firm will be acknowledged at the American Bankruptcy Institute's Annual Spring Meeting luncheon in Washington, DC on Friday, April 12. The award will be accepted by Young Conaway Vice Chairman, Michael R. Nestor. BankruptcyData is a service provided by New Generation Research, Inc. (NGR), which publishes various corporate bankruptcy and distressed securities publications such as Bankruptcy Week.  BankruptcyData also maintains an online database that includes case information on private companies, professional retention information and query capabilities.”

LINK TO COVERAGE

Press release: BankruptcyData's Industry Best Awards 2019 Winners Announced—Top-Ranked Investment Banks, Law Firms, Claims Agents and Financial Advisors Recognized

“New Generation Research—publisher of BankruptcyData and the Turnaround Letter—announces the winners for its Industry Best Awards. The following firms receive our top honors this year: Young Conaway Stargatt & Taylor is Best Law Firm, Houlihan Lokey is Best Investment Bank, Alvarez & Marsal is Best Financial Advisor, and Prime Clerk is Best Claims Agent. BankruptcyData's Chief Executive Officer, James Hammond, will recognize the honorees at the American Bankruptcy Institute's (ABI) Annual Spring Meeting in Washington, D.C. on Friday, April 12.”

LINK TO COVERAGE

BankruptcyData’s 2018 Bankruptcy report referenced in Jones Day’s “The Year in Bankruptcy: 2018”

“According to data provided by New Generation Research, Inc.’s BankruptcyData.com, bankruptcy filings for "public companies" (defined as companies with publicly traded stock or debt) fell for the second year in a row in 2018, with the volume of pre-petition assets halving from 2017 to its lowest level since 2013. The number of public company bankruptcy filings in 2018 was 58, compared to 71 in 2017. At the height of the Great Recession, 138 public companies filed for bankruptcy in 2008 and 211 in 2009.”

LINK TO COVERAGE

 

BankruptcyData’s statistics referenced in City A.M.’s “Why investors should beware increasingly unforgiving debt markets”

“According to figures from BankruptcyData.com, 58 companies totaling $52bn (£40bn) of assets declared themselves bankrupt in 2018 – respectively the second and third lowest amounts over the last 10 years. As we said at the start, though, those are only the headline numbers and, as the January issue of The Turnaround Letter – the monthly investor bulletin written by US deep-value investor George Putnam – digs deeper into the detail in its annual ‘Bankruptcy Review’, it highlights some rather more eye-catching – and worrying – figures and trends.”

LINK TO COVERAGE

Bankruptcydata’s charts and data referenced in AXIOS’ “Payless' second bankruptcy follows a pattern”

“Payless ShoeSource has filed for bankruptcy protection — and intends to close all of its stores in the U.S. and Puerto Rico — just 2 years after it emerged from its last bankruptcy proceeding. Why it matters: Payless' second bankruptcy follows a clear trend in the retail sector. By the numbers: According to an Axios analysis of BankruptcyData research, 8 out of the 10 biggest bankruptcy declarations (by assets) in which the company remained intact were followed by another bankruptcy protection filing.”

LINK TO COVERAGE

BankruptcyData referenced in Fox Business’ “How PG&E bankruptcy ranks among other utility bankruptcies”

“The filing by Pacific Gas and Electric is officially the biggest bankruptcy of utility giants since 1991 and the sixth biggest of all time behind the 2009 bankruptcy of CIT Group, a commercial lender. It is also the second time the California-based power company has filed for bankruptcy. In 2001, it filed for Chapter 11 protection from creditors due to unreimbursed power costs that ran at more than $300 million a month.”

LINK TO COVERAGE

BankruptcyData referenced in Fox Business’ “7 of the biggest US corporate bankruptcies of all time”

“While news is buzzing about the country’s largest utility giant PG&E filing for Chapter 11 bankruptcy its demise—and debt—is still a far cry from other notable ones in history. But, the embattled company still makes the list of the top seven largest U.S bankruptcies of all time (by assets). In a court filing Tuesday, PG&E listed its assets of $71.39 billion and liabilities of $51.69 billion, which places it behind CIT Group in 2009, which had assets of $80.4 billion. Here’s a look at the seven largest US corporate bankruptcies of all time (by assets), according to Bankruptcydata.com.”

LINK TO COVERAGE

 
 

BankruptcyData Charts referenced in the Wall Street Journal’s “PG&E Files for Bankruptcy Following California Wildfires”

“PG&E Corp. PCG 16.49% filed for bankruptcy protection on Tuesday as it struggles with billions of dollars in potential liabilities from its role in sparking California wildfires, triggering one of the largest corporate-reorganization cases in years. California’s biggest utility, which provides natural gas and electric service to 16 million people, sought protection under chapter 11 of the bankruptcy code. The process to restructure its debts is expected to be protracted, involving state and federal regulators, with wide-ranging implications for utility customers, fire victims, shareholders and wholesale power providers. PG&E's Chapter 11 filing is the sixth largest corporate bankruptcy by assets. ”

LINK TO COVERAGE

BankruptcyData info referenced in Retail dive’s “One year later: Toys R Us' fatal journey through Chapter 11”

“By assets, Toys R Us is the third-largest retail bankruptcy ever, behind Kmart and Federated Department stores, according to Bankruptcydata.com.”

LINK TO COVERAGE

BankruptcyData referenced in CNN Business’ “Retail bloodbath: Bankruptcy filings pile up”

“More than 300 retailers have filed for bankruptcy so far this year, according to data from BankruptcyData.com. That's up 31% from the same time last year. Most of those filings were for small companies -- the proverbial Mom & Pop store with a single location. But there are also plenty of household names on the list.”

LINK TO COVERAGE

BankruptcyData referenced in Benzinga’S “Is There Life After Bankruptcy For Payless?”

“Several retailers that seemed dead in the water were ultimately resurrected following bankruptcy filings. Yet in eight of the 10 largest bankruptcy declarations of all time in which the company re-emerged following the proceedings, the company eventually filed for bankruptcy again, according to BankruptcyData statistics.”

LINK TO COVERAGE

BankruptcyData referenced in CNN Business’ “Gymboree's second bankruptcy will kill the brand”

“Gymboree filed for bankruptcy the first time in June of 2017 and was able to emerge fairly quickly. It reached a deal with almost all of its lenders to shed about $1 billion in debt in that bankruptcy and got an infusion of $115 million in new cash, according to BankruptcyData.com.”

LINK TO COVERAGE

BankruptcyData info and chart referenced in Fortune’s “Here's Another Reason Why Toys 'R' Us' Bankruptcy Is a Big Deal”

“Only outranked by a 2002 Kmart and a 1990 Federated Department Stores filings, Toys ‘R’ Us now lays claim to being the third largest retailer that has filed for Chapter 11 bankruptcy, according to Bankruptcydata.com on Tuesday.”

LINK TO COVERAGE

BankruptcyData referenced in Reuters’ “Ever-shorter U.S. bankruptcies have creditors scrambling”

“In 2016, the average Chapter 11 case took 7.3 months, the quickest ever and less than half the average in 2013, according to data compiled for Reuters from Bankruptcydata.com, which monitors public company filings dating back to 1990. Since then, the median case length was 16.1 months.”

LINK TO COVERAGE