Bankruptcy/Chapter 11

A legal procedure that gives a business temporary protection from its creditors while it gets back on its feet

ARTICLES

BBLUQ Bankruptcy Plan Confirmed

Blue Earth Plan Filed, Confirmed

Blue Earth and Jackson Investment Group (JIG) filed with the U.S. Bankruptcy Court Joint Chapter 11 Plan of Reorganization.
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NOVCQ Bankruptcy Filed

Novation Companies Chapter 11 Petition Filed

Novation Companies (f/k/a NovaStar Financial) and three subsidiaries filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Maryland, lead case number 16-19745.
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CJESQ Files Bankruptcy

C&J Energy Services Chapter 11 Petition Filed

C&J Energy Services and 14 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 16-33590 (CJ Holding).
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Verso Bankruptcy Emergence

Verso Supplement Filed, Plan Effective

Verso filed with the U.S. Bankruptcy Court a seventh Supplement to its First Modified Third Amended Joint Plan of Reorganization. The Company's First Modified Third Amended Joint Plan of Reorganization subsequently became effective, and Verso emerged from Chapter 11 protection.
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We expect to see bankruptcy activity increase away from the energy sector.

Mid-Year Corporate Bankruptcy Update

Excerpted from the July 2016 Issue
Energy-related companies dominated the filings, with ten of the fifteen largest bankruptcies coming from this capital-intensive industry. Similarly, over 80% of all $86 billion in assets entering bankruptcy were from energy-related companies.
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DOCUMENTS AND FILES

Kodak Report

Bankruptcy Investing

George Putnam's Favorite Stocks for 2016

stock picks

Turnaround Investing Blog

Turnaround Investing Blog

Watch Headlines for Turnaround Stock Opportunities

Negative media headlines can be a great source of turnaround ideas. Stories about struggling companies, management turmoil, failed strategies, large financial losses, industrial accidents, lawsuits and the like can drive a stock to well-below reasonable levels and may provide a buying opportunity. Like all Wall Street axioms, however, “buy on bad news” must be accompanied by careful analysis to evaluate the potential for turnaround success. Read More.

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Retail Turnaround Trio

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MoneyShow.com interviewed George to learn more about his favorite value stock picks for today's market. In "Retail Turnaround Trio," Steve Halpern highlights three of The Turnaround Letter's recently-profiled retailers: JWN, TIF and SPLS.

 

Putnam notes, "Well the retailing sector is undergoing very fundamental change as people move away from the bricks and mortar mall doors to buying more and more online but that's not going to wipe out all of the old-fashioned retailers. Starting the middle of 2015, investors just moved away from retailers en masse and a number of them are trading at about half the level they were a year ago. We thought some of the higher quality names that definitely will be survivors looked interesting."

 

Learn more about these three retail stocks poised for a turnaround.