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Consumer & Retail

City Brewing: A Hard Seltzer LME Hangover

Dec 19, 2025

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32 min read

City Brewing: A Hard Seltzer LME Hangover

How White Claw’s co-manufacturer was forced into back-to-back LMEs

Deep Dives

YesCare (Corizon Health): Texas Two-Step Case Study

Dec 12, 2025

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24 min read

YesCare (Corizon Health): Texas Two-Step Case Study

Substandard medical care, mass tort claims, and a Texas Two-Step case study.

Consumer & Retail

Rough Justice Resolution: Weight Watchers Prepackaged Chapter 11

Dec 5, 2025

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38 min read

Rough Justice Resolution: Weight Watchers Prepackaged Chapter 11

How impaired creditors may have marked a pragmatic alternative in bankruptcy

Deep Dives

Nov 28, 2025

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39 min read

Intrum, a Transatlantic Turnaround

How a European Debt Collector Executed a Texas Prepack

Consumer & Retail

Washington Prime Group: From Tenant Churn to Balance-Sheet Failure

Nov 21, 2025

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32 min read

Washington Prime Group: From Tenant Churn to Balance-Sheet Failure

How a combination of secular headwinds and COVID-induced macroeconomic shock drove one of the largest U.S. operators of shopping malls into Chapter 11

Tech, Media & Telecom

Audacy Deep Dive, From Radio Pioneer to an Impaired DIP

Nov 14, 2025

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29 min read

Audacy Deep Dive, From Radio Pioneer to an Impaired DIP

A breakdown of the mechanics that turned a short-term DIP into a high-upside equity play

Industrials

A Sharp Turn: Oregon Tool’s Post-Serta LME

Nov 7, 2025

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28 min read

A Sharp Turn: Oregon Tool’s Post-Serta LME

How Platinum Equity’s Oregon Tool took the new “extend-and-exchange” one step further

Tech, Media & Telecom

Silicon Carbide’s Champion Stumbles: Wolfspeed’s Path to Bankruptcy

Oct 31, 2025

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48 min read

Silicon Carbide’s Champion Stumbles: Wolfspeed’s Path to Bankruptcy

How an expected beneficiary of the semiconductor boom collapsed from its largest bet on silicon carbide

KKR

Oct 17, 2025

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43 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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31 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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46 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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30 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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29 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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3 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

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

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

Tech, Media & Telecom

Global Eagle Restructuring: Lessons From a Satellite-Internet SPAC Rollup

Jul 11, 2025

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27 min read

Global Eagle Restructuring: Lessons From a Satellite-Internet SPAC Rollup

A cautionary tale in leverage, capital structure, and rescue financing gone wrong

Consumer & Retail

Saks Global Restructuring, A Thrilling 2025 Saga

Jul 8, 2025

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2 min read

Saks Global Restructuring, A Thrilling 2025 Saga

An analysis of Saks Global’s vendor payment delays, loose bond indentures, and coercive uptier exchange transaction

Tech, Media & Telecom

Caught Offside, an Inter-Oaktree Loan Case Study

Jul 3, 2025

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5 min read

Caught Offside, an Inter-Oaktree Loan Case Study

A comprehensive overview of soccer in distress, plus a note on Manchester United’s covenants

Deep Dives

Jun 27, 2025

•

7 min read

Eye Care Leaders Chapter 11 Deep Dive

How insurance fraud dragged an unconventional software rollup into Chapter 11

Archive

Deep Dives

ARTICLE

Deep Dives

Technical Lesson

Other

Personal

RESTRUCTURING

In-Court

Out-of-court

Liquidation

INDUSTRY

Tech, Media & Telecom

Healthcare

Financials

Industrials

Consumer & Retail

Energy / Power

SPONSOR

Angelo Gordon

Apollo

Ares

Clearlake

Golden Gate

HPS

KKR

Macquarie

Oaktree

Platinum Equity

Searchlight

Vista

City Brewing: A Hard Seltzer LME Hangover

YesCare (Corizon Health): Texas Two-Step Case Study

Rough Justice Resolution: Weight Watchers Prepackaged Chapter 11

Intrum, a Transatlantic Turnaround

Washington Prime Group: From Tenant Churn to Balance-Sheet Failure

Audacy Deep Dive, From Radio Pioneer to an Impaired DIP

A Sharp Turn: Oregon Tool’s Post-Serta LME

Silicon Carbide’s Champion Stumbles: Wolfspeed’s Path to Bankruptcy

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

Bed Bath & Bankrupt

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

Global Eagle Restructuring: Lessons From a Satellite-Internet SPAC Rollup

Saks Global Restructuring, A Thrilling 2025 Saga

Caught Offside, an Inter-Oaktree Loan Case Study

Eye Care Leaders Chapter 11 Deep Dive

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