The renowned luxury retailer has 43 Neiman Marcus locations as well as 22 stores for its Last Call discount brand and two Manhattan Bergdorf Goodman stores.

New Zealand furniture and appliance retailer Smiths City entered receivership on May 21 to expedite its sale to Polar Capital. OffshoreAlert Owner & Editor David Marchant on issues affecting international finance, Legal & practical issues in detecting & investigating fraud & recovering assets, Offshore stakeholders discuss products, services & issues affecting the industry, The ins-and-outs of a potentially lucrative but career-ending industry. Vision Group Holdings, which pversees two Lasik eye surgery providers, filed on May 30 with demand for elective surgeries all but disappearing. , the parent company of New York Sports Clubs and fitness chains in other major East Coast cities. The pioneering company put the first commercial communications satellite in space in 1965. to renegotiate its debt. In a press release, the company complained that efforts to cut supply chain costs were hampered by tariffs the U.S. imposed on China. Bankruptcy isn’t a death sentence. Charlottesville, Virginia-based WorldStrides, which partners with schools and universities around the world to offer educational tours and served 550,000 students last year, filed on July 21 with schools hesitant to open their classrooms, let alone plan field trips. California Resources Corp., the largest oil and natural gas producer in California, filed on July 15 to wipe out more than $5 billion in debt. , which pversees two Lasik eye surgery providers. It had billions of dollars of debt even before oil prices plunged in recent weeks. , which provides hold music on calls and background music in stores to retailers. We hunt for red flags in high-value, cross-border finance by monitoring offshore and onshore courts, regulatory actions, offering documents, and other sources - and email you the results. , a midwestern retailer with 176 locations. Chesapeake Energy, which pioneered the practice of fracking in the oil and gas industry, filed on June 28 to eliminate approximately $7 billion of debt. . St. Louis-based coal miner Foresight Energy filed on March 10 with $1.4 billion in debt. Swedish fashion retail chain MQ filed on April 16 as sales plunged at its physical locations while customers stayed home due to the pandemic. San Antonio-based oil and gas servicer Pioneer Energy filed on March 2, though it is continuing operations. , a Texas-based company that provides frac-sand to oil well operators, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change. Illinois-based pharmaceutical company Akorn filed on May 20, two years after Fresenius backed out of a planned $4.3 billion takeover over quality control concerns. , the company complained that efforts to cut supply chain costs were hampered by tariffs the U.S. imposed on China. Clothing conglomerate Nygard Entities filed for Chapter 15 on March 19. Bluestem Brands, the parent company of seven e-commerce subsidiaries, filed on March 9. Petersen-Dean, which installs roofs and solar panels in nine states in the Southwestern U.S., filed on June 11. Brooks Brothers, a high-end retailer founded two centuries ago and frequented by U.S. presidents, filed on July 8 and is closing 51 of its roughly 250 stores. DavidsTea, a specialty tea retailer based in Montreal, filed on July 9 and announced plans to close 124 of its roughly 220 stores in Canada and the U.S. Dean & DeLuca, a luxury grocery store chain with 42 locations until it started downsizing in recent years, filed on April 1.

, a corporate e-learning and talent development servicer. All rights reserved. RavnAir, an intrastate airline in Alaska, ceased operations and laid off all staff when it filed for bankruptcy on April 5. , which is Pizza Hut’s largest franchisee with about 1,200 locations and also operates nearly 400 Wendy’s restaurants. Bar Louie, a nationwide gastropub chain, filed on January 27 after closing 38 of its locations, leaving less than 100 remaining. .

, which operates 30 newspapers in 14 states. Chesapeake’s market cap exceeded $30 billion prior to the 2008 financial crisis under the leadership of its controversial, free-spending, billionaire cofounder, the late Aubrey McClendon. It aims to reduce its debt by $700 million and continue normal operations. , which installs roofs and solar panels in nine states in the Southwestern U.S.. , a home furniture chain with close to 1,000 locations at the beginning of the store.

Intelsat filed on May 13, though it said it will continue to launch new satellites. J.Crew was the first big American retail domino to fall amid the pandemic, filing on May 4 to convert about $1.7 billion of debt to equity. on April 7 to reduce its debt by $500 million. “It has been a poorly-kept secret that a number of the big-box retailers were struggling,” says Scott Williams, a bankruptcy attorney at RumbergerKirk.

Wirecard, a German payment processing firm embroiled in scandal after it couldn’t account for $2.1 billion in cash it claimed to have on its balance sheet, filed for insolvency on June 25. Mexican energy company Libre Abordo announced it was bankrupt on May 31 after oil prices collapsed this spring.