Bankruptcy/Chapter 11

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

ARTICLES

Swift Energy Emerges from Bankruptcy

Swift Energy Plan Effective

Swift Energy's Second Amended Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection.
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SUNWQ Bankruptcy Filing

SunEdison Chapter 11 Petition Filed

SunEdison (f/k/a MEMC Electronic Materials) and certain of its domestic and international subsidiaries filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 16-10992.
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Bob's Stores, Eastern Mountain Sports and Sport Chalet File Bankruptcy

Vestis Retail Group Chapter 11 Petition Filed

Privately-held Vestis Retail Group, LLC and 8 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 16-10971.
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RGDXQ Bankruptcy Case Dismissed

Response Genetics Case Dismissed

The U.S. Bankruptcy Court issued an order approving Response Genetics' motion to dismiss its Chapter 11 proceeding.
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Relativity Media Emerges from Bankruptcy

Relativity Media Plan Effective

Relativity Media's Fourth Amended Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection.
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EXXI Files Bankruptcy

Energy XXI Chapter 11 Petition Filed

Energy XXI and 24 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 16-31928.
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DOCUMENTS AND FILES

Kodak Report

Bankruptcy Investing

George Putnam's Favorite Stocks for 2016

stock picks

Distressed Investing Blog

Distressed Investing Blog

Traditional Retailers: Will Brick-and-Mortar Stores Disappear?

Our answer is “No, at least not for many decades,” but many investors appear to disagree. When some retailers posted disappointing results last autumn, many retail stocks dropped 40-50% from highs set only a few months earlier. Read More.

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Banking on a Financial Sector Turnaround

bank stocks

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MoneyShow.com recently tapped George's favorable opinion for a banking industry rebound. In "Turnaround Expert's Banking Bets," Steve Halpern highlights a trio of Putnam's top stock picks from the battered financial sector.

 

George reminds value investors: "Fortunately, many of the factors...just aren't present in the market, and the other reason that investors seem to be down on the banks is they sort of expected the Fed to raise interest rates a little faster than they have. And the banks do better when interest rates are rising because they have wider margins on their loans, but I think the Fed will gradually raise rates to we will see profits improve, and so I think this downturn is really temporary."

 

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