Archive

KKR

Oct 17, 2025

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27 min read

Thames Water Part 3, The Last Drops?

A debt-ridden utility caught up between hedge funds fighting for scraps, all while the public watches on

Deep Dives

Oct 14, 2025

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19 min read

Thames Water Part 2, Sink or Swim?

The years that pushed Britain’s biggest utility to an all out national crisis

Deep Dives

Thames Water Part 1, How the Tap Ran Dry

Oct 10, 2025

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28 min read

Thames Water Part 1, How the Tap Ran Dry

From a privatization dream to a public liability nightmare, an in-depth analysis of the utility giant’s unravelling

Consumer & Retail

The Container Store’s Prepack Chapter 11: From Organization to Reorganization

Oct 3, 2025

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17 min read

The Container Store’s Prepack Chapter 11: From Organization to Reorganization

A commoditized product set and intense e-commerce competition that ultimately pushed The Container Store into bankruptcy, and a prepack to extend looming maturities

Deep Dives

Better Health: Liability Management’s Post-Serta Prototype

Sep 26, 2025

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17 min read

Better Health: Liability Management’s Post-Serta Prototype

How a physician rollup became the first test of the “Extend-and-Exchange” LME

Deep Dives

Bausch Health: A Restructuring Story Still Unfolding

Sep 19, 2025

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25 min read

Bausch Health: A Restructuring Story Still Unfolding

How the Pharmaceutical Enron restructuring solved the near-term debt wall, but the endgame is still uncertain

Tech, Media & Telecom

Core Scientific: The $9 Billion AI Comeback Story

Sep 12, 2025

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31 min read

Core Scientific: The $9 Billion AI Comeback Story

How one of America’s largest bitcoin miners reinvented itself through Chapter 11

Technical Lesson

Cross-Class Cram-Down, a US and UK Primer

Sep 5, 2025

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11 min read

Cross-Class Cram-Down, a US and UK Primer

The world’s two principal Cross-Class Cram-Down restructuring tools, broken down and simplified

Consumer & Retail

Aug 29, 2025

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31 min read

Bed Bath & Bankrupt

How a failed private-label strategy, aggressive financial engineering, and eroded stakeholder confidence led to Bed Bath & Beyond Inc.’s liquidation

Technical Lesson

ABL-Induced Distress: When Minor Headwinds Turn Into Serious Issues

Aug 22, 2025

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24 min read

ABL-Induced Distress: When Minor Headwinds Turn Into Serious Issues

From retailers to manufacturers, ABL can unlock capital, or trigger a downward spiral

Tech, Media & Telecom

One Identity, Five Tranches: The Quest Software LME

Aug 15, 2025

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34 min read

One Identity, Five Tranches: The Quest Software LME

How cooperation agreements, extensive pre-process, and voluntary subordination are shaping the next phase of sponsor-backed LMEs

Consumer & Retail

Bird Global: From VC Unicorn to Chapter 11

Aug 8, 2025

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5 min read

Bird Global: From VC Unicorn to Chapter 11

What began as the fastest unicorn in VC history ended with a bankruptcy filing, a 97% shareholder wipeout, and Apollo walking away with the keys

Industrials

(G)rounded, (O)verleveraged, and (L)anding in Chapter 11: GOL Restructuring Deep Dive

Aug 1, 2025

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11 min read

(G)rounded, (O)verleveraged, and (L)anding in Chapter 11: GOL Restructuring Deep Dive

Low-cost carrier business models, the Boeing 737 MAX crisis, and a fascinating case of FX volatility-related airline bankruptcy

Industrials

American Tire Distributors, In-Court LME

Jul 25, 2025

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10 min read

American Tire Distributors, In-Court LME

How ATD’s bankruptcy reshaped DIP financing and signaled a shift toward intra-class conflict in Chapter 11

Technical Lesson

A ‘New Look’ at fairness: Company Voluntary Arrangement Primer

Jul 18, 2025

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4 min read

A ‘New Look’ at fairness: Company Voluntary Arrangement Primer

An overview of an English restructuring tool and a comparative discussion on fairness in restructuring

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Thames Water Part 3, The Last Drops?

Thames Water Part 2, Sink or Swim?

Thames Water Part 1, How the Tap Ran Dry

The Container Store’s Prepack Chapter 11: From Organization to Reorganization

Better Health: Liability Management’s Post-Serta Prototype

Bausch Health: A Restructuring Story Still Unfolding

Core Scientific: The $9 Billion AI Comeback Story

Cross-Class Cram-Down, a US and UK Primer

Bed Bath & Bankrupt

ABL-Induced Distress: When Minor Headwinds Turn Into Serious Issues

One Identity, Five Tranches: The Quest Software LME

Bird Global: From VC Unicorn to Chapter 11

(G)rounded, (O)verleveraged, and (L)anding in Chapter 11: GOL Restructuring Deep Dive

American Tire Distributors, In-Court LME

A ‘New Look’ at fairness: Company Voluntary Arrangement Primer

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