Bankruptcy News

We've summarized the latest docket activity and news for publicly traded companies currently operating under U.S. Bankruptcy Court protection.

Bankruptcy/Chapter 11 / Bonds / Technology Hardware, Equipment, & Services

LifeCare Holdings Case Dismissed

The U.S. Bankruptcy Court approved LifeCare Holdings’ motion for dismissal of its Chapter 11 proceedings. As previously reported, “At the conclusion of the sale process, the highest bid was a credit bid from the Prepetition Secured Lenders for less than all of the outstanding debt owed to them. As a result of successfully closing this transaction, the Purchaser continues to operate the business as a going concern, patients continue to be cared for and employees continue to have jobs. However, as no cash bid sufficient to pay the Prepetition Secured Lenders in full was received, the Debtors are unable to confirm a chapter 11 plan. Although the Purchaser provided limited funds to be placed in escrows to satisfy certain specified wind down costs, the Debtors’ estates have no remaining assets with which to satisfy the Prepetition Secured Lenders’ remaining claims or any other secured, administrative or priority claims against the Debtors’ estates. However, because certain processes related to the Chapter 11 Cases remain unresolved - including the Committee’s claims resolution process and the United States’ Appeals - the Debtors believe it would be inappropriate to seek to convert these Chapter 11 Cases to chapter 7. Accordingly, the Debtors seek entry of an order dismissing the Chapter 11 Cases as the most efficient way to keep fees and expenses to a minimum without impairing the rights of third parties.” This operator of long-term acute care hospitals filed for bankruptcy protection on December 11, 2012, listing $513 million in pre-petition assets.

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Identify & Profit from Distressed Investing

Free Report: Distressed Investing

Turnaround Investing Blog

Turnaround Investing Blog

Return of Volatility? No, Return of "Normal"

Sizeable market moves can increase the temptation to sell on downdrafts and buy on upswings; however, we strongly advise against attempting to do that. The chances of getting out at the right time and then back in again before the market rebounds are extremely slim. Read More.

Harnessing Activists to Help Find Turnaround Stocks

Activist investors often produce attractive returns for their clients; and you can still use their influence to help your position as a turnaround investor in two ways: Buy a position in a stock with the expectation that an activist will soon follow or buy after an activist takes a stake.


Value Investing


While one of the many dozens of activist funds might find their way to selecting your particular stock, this approach is likely to be frustrating and unrewarding. A better approach is to buy after the activist makes their move. Once an activist takes a stake in a company, how do you evaluate whether it is worthwhile to follow on? Admittedly, this is a bit of an art... Learn how you can harness the power of activist investors to find market-beating turnaround stocks.

Turnaround Letter Stock Pick Named Top Performer of 2017


stock market advicex


What Last Year's Top Stock Pickers Are Buying in 2018


This Forbes write-up follows up on the recent Top Stock Tips report--naming The Turnaround Letter's Crocs recommendation the top performer of 2017: With 90% gains, CROX beat out 100 other investment ideas included in the report; and the stock continues to have value investing appeal, according to Putnam.


George notes, "We see additional upside for the stock in 2018 as management's efforts continue to bear fruit, though the gains will likely be more muted than we saw in 2017."