150+ Companies That Have Filed for Bankruptcy Amidst COVID-19

Almost 9 months into a global pandemic marked by global lockdown measures and store closures, the economic impact of the coronavirus pandemic has been stark. One outcome of these challenging times is a distinct rise in bankruptcy filings. The month of May saw an almost 50% YoY increase in Chapter 11 filings and the filing pace continues to mount, albeit at a slower pace than we saw this spring. While the pace has slowed, the trend is far from over. Some of the hardest hit sectors, including restaurants and brick-and-mortar retailers, continue to see major companies file weekly. Analysts are still keeping an eye on another wave of bankruptcies in the coming months, with eyes on the hard-hit energy and consumer discretionary sectors, both of which have seen heightened levels of industry chatter around restructuring, downgrades and negative outlook for months on end. Industry chatter on bankruptcies, restructuring, and negative outlook has sharply increased over the past twelve months. AlphaSense users can see the search here. Don't have platform access and would like to track real-time bankruptcy chatter? Request complimentary access here. Below, we’ve compiled a non-exhaustive list of companies that have filed since the beginning of March when global pandemic lockdown measures were implemented. Companies have been consistently filing for bankruptcy since early March, with the pace sharply increasing in April. Although the pace has slowed, major chains like FIC Restaurants and Ruby Tuesday’s, as well as two large mall operators, Pennsylvania Real Estate Trust and CBL Properties have all filed within the past month. Consumer discretionary and energy companies have been hit the hardest during the pandemic and analysts predict further bankruptcies on the horizon. Amongst the hardest hit businesses, retailers, movie theaters, energy companies, restaurant groups and international airlines have all succumbed to bankruptcy filings due to COVID-19. Company Sector Filing Date Type Superior Energy Services Energy 11/6 Chapter 11 FIC Restaurants Consumer Discretionary 11/1 Chapter 11 Pennsylvania Real Estate Investment Trust Real Estate 11/1 Chapter 11 CBL Properties Real Estate 11/1 Chapter 11 Pacific Drilling S.A. Energy 10/30 Chapter 11 Rubio's Consumer Discretionary 10/26 Chapter 11 NinePoint Medical Healthcare 10/16 Chapter 11 YogaWorks Consumer Discretionary 10/14 Chapter 11 Mallinckrodt Healthcare 10/12 Chapter 11 MD America Energy Energy 10/12 Chapter 11 Ruby Tuesday Consumer Discretionary 10/7 Chapter 11 Beamable Information Technology 10/1 Chapter 11 Lonestar Resources Energy 10/1 Chapter 11 Oasis Petroleum Energy 9/29 Chapter 11 FTS International Energy 9/22 Chapter 11 Sizzler Consumer Discretionary 9/21 Chapter 11 Garrett Motion Consumer Discretionary 9/20 Chapter 11 RGN Group Holdings Real Estate 9/19 Chapter 11 Town Sports International Consumer Discretionary 9/14 Chapter 11 Technicolor Communication Services 9/11 Chapter 15 Century 21 Consumer Discretionary 9/10 Chapter 11 iQOR Holdings Industrials 9/10 Chapter 11 FR TNT Holdings LLC Industrials 8/23 Chapter 11 KB US Holdings, Inc. Consumer Staples 8/23 Chapter 11 Arena Energy Energy 8/20 Chapter 11 Valaris Plc Energy 8/19 Chapter 11 Chaparral Energy Inc Energy 8/16 Chapter 11 Stein Mart Consumer Discretionary 8/12 Chapter 11 Hermitage Offshore Services Energy 8/11 Chapter 11 Pharmagreen Biotech Healthcare 8/11 Chapter 11 Le Tote Inc Consumer Discretionary 8/2 Chapter 11 Tailored Brands Consumer Discretionary 8/2 Chapter 11 California Pizza Kitchen Consumer Discretionary 7/30 Chapter 11 Denbury Resources Energy 7/30 Chapter 11 Noble Corporation Energy 7/30 Chapter 11 Brooks Brothers Consumer Discretionary 7/24 Chapter 11 The McClatchy Company Communication Services 7/24 Chapter 11 Ascena Retail Group Consumer Discretionary 7/23 Chapter 11 IMH Financial Corporation Financials 7/23 Chapter 11 Global Eagle Entertainment Consumer Discretionary 7/22 Chapter 11 Rhino Resource Partners Energy 7/22 Chapter 11 Briggs & Stratton Industrials 7/20 Chapter 11 California Resources Corp Energy 7/15 Chapter 11 RTW Retailwinds Inc Consumer Discretionary 7/13 Chapter 11 Hi-Crush Energy 7/12 Chapter 11 Muji USA Consumer Discretionary 7/10 Chapter 11 Sur La Table Consumer Discretionary 7/8 Chapter 11 Endologix Healthcare 7/5 Chapter 11 Lucky Brand Dungarees Consumer Discretionary 7/3 Chapter 11 Grupo Aeromexico S.A.B. de C.V Industrials 7/1 Chapter 11 NPC International Consumer Discretionary 7/1 Chapter 11 Rosehill Resources Energy 7/1 Chapter 11 Covia Holdings Energy 6/29 Chapter 11 Lilis Energy Energy 6/29 Chapter 11 Cirque du Soleil Consumer Discretionary 6/29 Chapter 15 Chesapeake Energy Energy 6/28 Chapter 11 CEC Entertainment Consumer Discretionary 6/25 Chapter 11 Jason Industries Industrials 6/24 Chapter 11 GNC Holdings Consumer Discretionary 6/23 Chapter 11 Windstream Holdings Communication Services 6/22 Chapter 11 Chineseinvestors.com Financials 6/18 Chapter 11 Level Europe Industrials 6/18 Other Players Network Healthcare 6/17 Chapter 11 PCT International Information Technology 6/16 Chapter 11 Proteus Digital Health Healthcare 6/16 Chapter 11 24 hour fitness Consumer Discretionary 6/15 Chapter 11 Extraction Oil & Gas, Inc Energy 6/15 Chapter 11 First Choice Healthcare Solutions Healthcare 6/15 Chapter 11 Garden Fresh Restaurants, LLC Consumer Discretionary 6/15 Chapter 7 Pyxus International Consumer Staples 6/15 Chapter 11 Vitalibis Inc Healthcare 6/15 Chapter 11 Skillsoft PLC Information Technology 6/14 Chapter 11 Aradigm Corp Healthcare 6/12 Chapter 11 MID-CON ENERGY PARTNERS, LP Energy 6/10 Chapter 7 Vista Proppants and Logistics, LLC Energy 6/10 Chapter 11 Swissport International AG Industrials 6/9 Other APC Automotive Industrials 6/4 Chapter 11 Barfly Ventures Consumer Discretionary 6/4 Chapter 11 Sail Outdoors Consumer Discretionary 6/3 Other Tuesday Morning Consumer Discretionary 6/3 Chapter 11 Libbey Consumer Discretionary 6/1 Chapter 11 Libre Abordo Energy 6/1 Other Advantage Rent A Car Consumer Discretionary 5/29 Chapter 11 Akorn Inc Healthcare 5/29 Chapter 11 NMC Healthcare Healthcare 5/28 Chapter 15 Fomento Económico Mexicano, S.A.B. de C.V Consumer Staples 5/27 Chapter 7 Latam Airlines Industrials 5/27 Chapter 11 Le Pain Quotidien Consumer Discretionary 5/27 Chapter 11 Dollar Thrifty Automotive Group Industrials 5/22 Chapter 11 Exide Technologies Energy 5/22 Chapter 11 Chapter 15 Industrials 5/22 Chapter 11 Unit Corporation Energy 5/22 Chapter 11 IntegraMed America Healthcare 5/20 Chapter 7 Digicel Communication Services 5/19 Chapter 15 Reitmans Consumer Discretionary 5/19 Other Centric Brands Consumer Discretionary 5/18 Chapter 11 Comcar Industries Industrials 5/17 Chapter 11 JC Penney Consumer Discretionary 5/15 Chapter 11 Renown Inc Consumer Discretionary 5/15 Other Ultra Petroleum Energy 5/14 Chapter 11 intelsat sa Communication Services 5/13 Chapter 11 Avianca Holdings S.A Industrials 5/10 Chapter 11 stage stores Consumer Discretionary 5/10 Chapter 11 Aldo Consumer Discretionary 5/8 Chapter 15 Penumbra Brands Healthcare 5/8 Chapter 11 John Varvatos Enterprises Consumer Discretionary 5/7 Chapter 11 Neiman Marcus Consumer Discretionary 5/7 Chapter 11 Techniplas Industrials 5/7 Chapter 11 Gold's Gym Consumer Discretionary 5/6 Chapter 11 J Crew Consumer Discretionary 5/5 Chapter 11 OneWeb Information Technology 5/1 Chapter 11 Edcon Consumer Discretionary 4/29 Other TooJays Consumer Discretionary 4/29 Chapter 11 CMX Cinemas Consumer Discretionary 4/28 Chapter 11 Foodora Consumer Discretionary 4/27 Other CB Theatre Experience, LLC Consumer Discretionary 4/26 Chapter 11 Diamond Offshore Drilling Energy 4/26 Chapter 11 Cinemex Holdings Consumer Discretionary 4/25 Chapter 11 Ratner Companies Consumer Discretionary 4/23 Chapter 11 Speedcast International Communication Services 4/23 Chapter 11 Sunex International Industrials 4/23 Chapter 11 Elk Petroleum Energy 4/21 Chapter 11 Virgin Australia Industrials 4/21 Other Premier Petroleum Energy 4/20 Chapter 11 Level Solar Energy 4/17 Chapter 11 MQ Consumer Discretionary 4/16 Other Yuma Energy Energy 4/16 Chapter 11 Dash Group Information Technology 4/15 Chapter 11 Chapter 11 Communication Services 4/14 Chapter 11 Frontier Communications Corporation Communication Services 4/14 Chapter 11 Hornbeck Offshore Services Energy 4/13 Chapter 11 LSC Communications Industrials 4/13 Chapter 11 True Religion Consumer Discretionary 4/13 Chapter 11 FoodFirst Global Restaurants Consumer Discretionary 4/11 Chapter 11 Hin Leong Energy 4/10 Other Apex Parks Group Consumer Discretionary 4/8 Chapter 11 Quorum Health Healthcare 4/7 Chapter 11 RavnAir Industrials 4/7 Chapter 11 Amazing Energy Oil & Gas Energy 4/6 Chapter 11 Art Van Furniture Consumer Discretionary 4/6 Chapter 7 Debenhams Consumer Discretionary 4/6 Other Dean & DeLuca Consumer Staples 4/1 Chapter 11 Whiting Petroleum Energy 4/1 Chapter 11 BrightHouse Real Estate 3/30 Other Broadvision Information Technology 3/30 Chapter 11 Carluccio’s Consumer Discretionary 3/30 Other Nygard Entities Consumer Discretionary 3/19 Chapter 15 Modell’s Sporting Goods Consumer Discretionary 3/12 Chapter 11 Foresight Energy Energy 3/10 Chapter 11 Bluestem Brands Consumer Discretionary 3/9 Chapter 11