Posted on 04/02/2023 7:12:39 PM PDT by RomanSoldier19
Avaya Holdings Corp, Tuesday Morning, Sorrento Therapeutics—what’s the common thread between these very different companies? Avaya is in a telecom equipment business. Tuesday Morning is a discount retailer; and Sorrento is a biopharmaceutical group. Still, these three companies have a lot in common: within a few days, the three of them went bankrupt.
The Chapter 11 filings, which took place in mid-February, illustrate the rebounding of the insolvency wave, after two unusual years of a low bankruptcy diet.
The most recent statistics from American Bankruptcy Institute (ABI), the analysis expert on that topic, revealed a very active January 2023. Total commercial filings increased by 12% as compared to a year to date. Commercial chapter 11’s soared 70% to 257 filings and subchapter V small business filings swelled by 49%.
(Excerpt) Read more at gfmag.com ...
Never could figure out how Tuesday Morning has stayed in business all these yrs.
Ford is in trouble. They’re hiding it. Bookmark this post.
Zombie companies existing on easy credit are dead men walking.
The country is in a downward spiral and all the media wants to talk about is Bragg and President Trump.
“Ford is in trouble.”
Their losses the past two years are staggering. Yet they are still pursuing the EVs that Brandon wants them to make. That’s true fascism where the government essentially runs the business.
Good times almost here. It’s been a rough half decade for bankruptcy practitioners.
We shall see who is swimming naked
They remember that there is good money in selling to Nazis.
Exactly right about fascism! So, where’s ANTIFA? Aren’t they supposed to protect us from fascists??? /S ;)
Everybody outta da water!
What? You mean you can’t lose billions on EVs for long?
.
Ford recently layed off all of their ICE engined vehicle engineers.
Way to go Joe. nothing says the economy is in great shape like surge in bankruptcies.
These are people dreams and futures that were destroyed.
Every “US” car maker has signed on to this death pact. I think they figure government coercion will force everyone into EV’s and then it will work. It’s amazing you have people running these huge companies who are that clueless.
If the Government bans all new sales of ICE cars people will buy them until can’t and just keep them. At that point the car makers all go under if there are any left.
Also known as the Biden Corkscrew.
Could be the Biden Swirl but his crap usually ends up in his diapers.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.