Bankruptcy Tracker

The Goodrich bankruptcy illustrates how quickly a company's credit fortunes can change in a commodities-based industry heavily reliant on investment capital.  High debts-to-assets ratio.

Goodrich Petroleum Corp., a $208 million company based in Houston, Texas, filed chapter 11 bankruptcy yesterday in the Southern District of Texas joining a growing number of independent oil and gas companies that have sought court protection since oil prices began to slide in the second half of 2014.

RadioShack bankruptcy shows the growing dual role of hedge funds and private equity as both lenders of last resort and lead asset purchasers for troubled companies.

Founded in 1921 in Boston, Massachusetts as a mail-order operation, RadioShack, the nation's best-known consumer-electronics chain, filed for Chapter 11 bankruptcy yesterday four days after the New York Stock Exchange suspended trading of its stock.  Get the details of this bankruptcy including the top ten unsecured creditors in this CreditPulse feature article. 

The American Airlines bankruptcy, the fifth of a major U.S. airline since 2005, reaffirms the high credit risks associated with the airline industry.  Hewlett-Packard, the largest trade creditor, is owed $31 million.

On November 29, 2011, AMR Corporation, the parent company of American Airlines, and 19 of its subsidiaries filed for Chapter 11 bankruptcy protection from creditors in U.S. Bankruptcy Court for the Southern District of New York, although the company is based in Fort Worth, Texas.  Find out which lenders and trade creditors are on the hook in this CreditPulse bankruptcy profile.

The worsening economy is beginning to put the squeeze on the restaurant business as the nation's largest full service Mexican casual-dining restaurant chain that began operating in 1970 goes bankrupt.

Real Mex Restaurants, Inc., which operates Chevys Fresh Mex, El Torito, El Torito Grill and Acapulco restaurants, filed Chapter 11 bankruptcy on October 4, 2011 after exhausting a myriad of financial resources that included banks, a major financing company, mutual funds and numerous private equity firms.  Get all the details in this CreditPulse bankrutpcy profile.