#bankruptcy

A leading solar energy development firm in North Carolina is closing its Asheville plant and laying off more than 78% of its workforce as it files for bankruptcy due to renewable energy policy changes under the Trump administration.

https://www.yahoo.com/news/articles/nc-solar-plant-closing-cutting-102700021.html

Lawsuit settlement + 28 billion debt + loss of key clients = ????

A. Bankruptcy
B. Breakup and sale

One of the questions asked was: is there risk of bankruptcy, assuming this spouted from someone who heard one of the many 3rd party analyst saying there is a high risk of such an event.

The answer from SB was: Absolutely not, as long as we execute.

A great follow up would have been; Is there risk of not executing going forward? Looking back we’ve had 12 quarters of not executing, what changed?

News travels fast, as it should...

https://www.hodinkee.com/articles/fossil-is-restructuring-as-debt-and-tariffs-take-toll

..... if the end is bankruptcy or sold off so be it. Just please pay severance

https://m.economictimes.com/news/international/us/huntington-bank-to-acquire-cadence-bank-for-7-4-billion-stock-falls/amp_articleshow/124851773.cms

The combined bank will be bankrupt by 2027. Two of the worst mismanaged banks out there. Who will go under first? Pinnacle/Synovua or Huntington/Cadence?

RamNot won’t shut up about his special sauce. Newsflash, it’s ketchup in a champagne bottle. Revenue’s tanking, cash flow’s drying up, and those “bookings” are yesterday’s scraps served with a smile. If this is his magic formula, someone needs to tell the chef and his CFO they are cooking bankruptcy.

Petrofac a North Sea oil and energy services group, could file for insolvency as early as Monday morning before markets open, it has been reported.
The company’s board is reportedly holding emergency meetings over the weekend to discuss the possible collapse of the firm, putting around 2,000 jobs in Scotland under risk.

They did some shady stuff and they completely went full negligent…does the market reward this behavior or break it up into regional pieces….

Shell and BP are using their services

Fossil Europe bankruptcy

The absurd gifts and celebrities for the holiday gala can't overtake the news...we still aren't paying vendors even after a 600 million bucks cash infusion..With sales down so drastic it may be time to throw in the towel..

Exit North Sea ASAP…who in the he-l will buy 3 Billion dollars worth of liability that is now producing less than 12,000 bopd…

Return the assets to BP for abandonment. Bankrupt the company in 2026 and keep the good pieces…. Just like Fieldwood did to Apache…

Most deep dive analyst are now predicting bankruptcy as soon as 2026. Even with stock going so low nobody will buy the company.
Get what you can out of the pension fund now.
The cuts were just a show, most were at or near retirement age.
With no raises and flex PTO and no 401K match in 2026 is a sure sign of bankruptcy planning.

I work at Spirit and I don’t know what to think anymore. The company just got court approval for $475 million in financing to keep things running during bankruptcy, but everyone here knows what that really means. Chapter 11 sounds like a plan to reorganize, but for the people doing the day-to-day work, it usually means job cuts, unpaid overtime, and endless waiting for answers that never come.

Management keeps saying operations will continue as normal, but that's not helping morale. Some teams are already being told to cut spending and delay projects, and everyone’s whispering about more potential furloughs. I’ve seen this kind of thing before in other airlines, and it always starts with a few quiet layoffs before the bigger rounds hit. I really hope they handle this the right way, but most of us are just bracing ourselves and hoping to survive the next few months.

Investment bank Jefferies disclosed on Wednesday that its Leucadia Asset Management fund holds about $715 million in receivables linked to bankrupt auto-parts maker First Brands Group.

https://www.reuters.com/business/finance/jefferies-discloses-715-million-fund-exposure-first-brands-bankruptcy-2025-10-08/

Apache has several headwinds ahead that could alter the company’s outlook and trajectory.
Abandonment liabilities increasing into the +4 billion dollar range as North Sea and Fieldwood combine to create a very significant financial drag.
Permian basin starting to show signs off deliverability well issues as wells enter the post flush phase…that long runway is looking less attractive.
Gran Morgu…aka Deepwater Alpine High…something is off here…like a purposeful delay and concern from project manager…that the promised 250,000 bopd peak may actually be closer to half advertised and with high decline rates

1) shed deadweight
2) produce more runway to stave off bankruptcy
3) generate lift

We’re kinda at 2/2.5. The lift generation isn’t obvious yet.

More than 70% of the Sycamore deal is financed through debt, meaning that the private equity firm doesn’t have “much skin in the game,” according to Parr. The risks of bankruptcy are especially troubling, according to the Private Equity Stakeholder Project. In the first quarter of this year alone, 70% of large U.S. corporate bankruptcies involved private equity-owned companies, despite private equity making up only 6.5% of the economy.

Wow, for years they tried to offload this and finally when the hammer hit file for bankruptcy. Would CVS be on the hook for the fine? Otherwise what does an acquisition mean?

Spirit plans to slash capacity by about 25% this fall as part of its bankruptcy restructuring, a move that will likely trigger more layoffs at the struggling ultra-low-cost carrier.

In a memo to employees, President and CEO Dave Davis said the change will make Spirit’s operations more resilient and efficient.

“A key pillar of our restructuring is redesigning and strengthening our network,” Davis wrote. “With that in mind, later this afternoon, our operational leaders will receive our preliminary November schedule. As planning begins, you will see a reduction of about 25% in capacity, year over year, as we optimize our network to focus on our strongest markets.”

https://airlinegeeks.com/2025/09/18/spirit-to-cut-capacity-by-25/

If Intel weren’t as massive as it is and didn’t have its long history propping it up, it would’ve been looking at Chapter 11 or even Chapter 7 a long time ago.

Planta, which opened in 2016 and focuses on 100% plant-based dining, will shrink from 18 total locations to eight after a judge signed off on its bankruptcy plan. The company filed for bankruptcy in May and was reported to be facing between $10 million and $50 million in liabilities with almost no assets at the time.

https://country.iheart.com/content/2025-09-15-popular-restaurant-chain-closes-majority-of-locations-after-bankruptcy/

I thought the idea for tariffs is to create manufacturers and jobs in the U.S. https://www.thestreet.com/retail/critical-us-manufacturing-company-files-chapter-11-bankruptcy

Or starvation stories. Either will be interesting

Rite Aid is shutting down after filing for Chapter 11 bankruptcy for the second time on May 5, 2025.

It has filed 19 separate notices of store closures, raising the total number of shuttered locations to 1,288 across multiple states.

Recent filings add seven more closures in Washington and Oregon. Rite Aid had previously closed about 800 stores following its 2023 bankruptcy.

The chain is now winding down completely and disappearing from the U.S. retail landscape.

Twice in one year, that can't be good. I'm pretty sure we're sc--wed.

Ford will stop production of the Escape, just like the other discontinue models. Ford can't compete with Toyota, Kia, Hyundai, Mazda, or Nissan any more. The sales number of the Escape continue to drop and Ford is loosing money making the Escape.

Same as these models: Edge, Fusion, Taurus, Fiesta, Focus, Explorer Hybrid, Transit Connect.

For Mach E, and Lightning are next on the list.

Soon Ford will not be able compete in the pickup truck industry. This is when Ford will declare bankruptcy.

Here is a simplification for those who may be reading this and are not familiar with how some of these deals work.

TLDR, investors/company’s don’t give a sh-t about you. They only care about one thing. Money.

Someone essentially takes out a loan to buy a company, once they own the company. The person has a lower interest rate. Than the company, because they use the credit rating of the company to determine the interest that they put on the loan that they used to buy the company for themselves. Which gets put on the company’s balance sheet as a loan that the owe the person. Who not only makes a profit off of the interest they charged the company after the loan is payed off. Plus they own the company.

While all of this is happening they essentially strip it for parts (selling off anything that is profitable), cut as much costs as possible to maximize short/medium term profits. Slowly at first. Then faster and faster. Then after they shoved down as much money as they possibly could in their pants they then let the company go bankrupt to the creditors. Which by then is is usually the people who bought the company.

They then use the bankruptcy process to pay as much as the original loan back as they can. With as many fees and surcharges as possible.

When they liquidate this is the normal order that the company owes the money to get paid. (Different in certain states) It goes from

secured creditor (anything backed by assets)

Administrative costs ( the lawyers and all the costs from managing the company in bankruptcy this is a gold mine for them you will also see corporate, spend absurd, money on stupid sh-t that only makes their finances worse which is good because a lot of them at this point are secured creditors)

Priority Unsecured creditors. (supposed to be the workers you get around this though and kick the can to step 4. )

General unsecured creditors Everyone else (even you the worker) except the what is in step 5.

The stock holders aka the retail investors and the money they force you to invest in them through your retirement plan, because all the Whales are gone 99.9% of the time.

So when a company liquidates you could easily lose the wages you have already worked that have not been payed out and you are almost guaranteed to make penny’s on the dollar of what they owe you from your stock, this is very dependable on the debt burdens the company has).

USA Today reported that on August 6, 2025, a company that was born in Illinois had filed chapter 11 bankruptcy for the 2nd time in seven years. Now, the Illinois Work Net Center site shows there is a new WARN notice submitted to the state warning of a mass layoff affecting 46 workers at Claire's - Hoffman Estates corporate headquarters located at 2400 W Central Road in Hoffman Estates, Illinois. The layoffs are reported to be effective immediately and retroactive to August 4, 2025.

https://101theeagle.com/mass-layoffs-claires-illinois/

Wouldn't be surprise with the losses and dismal sales in 2016 if they don't go for the lowest bidder or go bankrupt. 99% of all customer support - RS, MS, Hybrid - headed to either Sungard AS employees in India or a contractor in Costa Rica.

Kudos:

"You know whats funny? Some of these ppl here are still talking bonuses...Really?? You don't get it? This company is on the verge of #Bankruptcy and you are on the verge of getting laid off but you still talking bonuses? Shows me the arrogant culture of OIL AND GAS."