Unforeseen disasters and criminal activity like floods, storms, fires, theft and fraud can also cause hardships that create reasons for bankruptcy. Gregory Hamel has been a writer since September ...

While the specific circumstances leading to bankruptcy can vary, there are common underlying causes that many companies face. With extensive experience in corporate restructuring and turnaround ...

I was going to cite job loss as a major cause of bankruptcy in the previous post, which is the conventional wisdom. But this paper argues it isn't true: This paper utilizes the population of ...

Stein then grouped the causes into six general categories that contributed to the company’s decision to file for bankruptcy protection: The first factor Stein cited was the company’s ...

Rite Aid filed for Chapter 11 bankruptcy protection on Oct. 15, 2023, and appointed crisis consultant Jeffrey Stein as its new CEO and Chief Restructuring Officer as it navigates this process.