Typical Bankruptcy Filings
The PDF files below present case studies of typical bankruptcy filings by public companies, selected because these firms were of interest to our clients.
In nearly every case, a low Altman Z'' score gave our subscribers very early warning that trouble was brewing, usually more than a year in advance.
As time went on, most companies showed continuing decline evident from the content of the news alerts that we sent to our subscribers (resignations, asset sales, "going concern" opinions, late SEC filings, etc.), and from the deterioration of their financial results.
Typically in these examples, a sharp decline in CreditRiskMonitor's proprietary FRISK® score to a very risky rating of 4 or below occurred 3-9 months before the company filed for bankruptcy protection.
|A123 Systems, Inc.||10/16/2012|
|AMS Health Sciences, Inc.||12/27/2007|
|Ascendia Brands, Inc.||8/5/2008|
|Bakers Footwear Group||10/3/2012|
|Buffets Holdings, Inc.||1/22/2008|
|Circuit City Stores, Inc.||11/10/2008|
|Coldwater Creek, Inc.||4/11/2014|
|Constar International, Inc.||12/30/2008|
|Eagle Broadband, Inc.||11/14/2007|
|Eagle Bulk Shipping, Inc.||8/6/2014|
|Eastman Kodak Company||1/19/2012|
|Evergreen Solar, Inc.||8/15/2011|
|Global Geophysical Services, Inc.||3/25/2014|
|GSE Holding, Inc||5/4/2014|
|James River Coal Company||4/7/2014|
|LandAmerica Financial Group||11/26/2008|
|Lenox Group, Inc.||11/23/2008|
|Movie Gallery, Inc.||10/16/2007|
|Orchard Supply Hardware Stores Corp.||6/17/2013|
|Overseas Shipholding Group, Inc.||11/14/2012|
|Pilgrim's Pride Corporation||12/1/2008|
|Portola Packaging, Inc.||8/5/2008|
|Quebecor World, Inc.||1/21/2008|
|Sharper Image Corp.||2/19/2008|
|Smurfit-Stone Container Corporation||1/26/2009|
|Spectrum Brands, Inc.||2/3/2009|
|The Dolan Company||3/23/2014|
|The Great Atlantic & Pacific Tea Company||12/12/2010|
|Trump Entertainment Resorts, Inc.||2/17/2009|
|U.S. Concrete, Inc.||4/29/2010|
|Washington Mutual, Inc.||9/26/2008|
|Ziff Davis Holdings, Inc.||3/5/2008|
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