Curated financial news, analysis and commentary with an emphasis on distressed investing, restructuring and bankruptcy. We discuss disruption, from the vantage point of the disrupted.
Callback to January 30’s edition of PETITION titled, “💥Senior Living: Where it's At?💥.” The healthcare space hasn’t been as active as we anticipated but don’t worry folks, there’s still plenty of pain in the sector to keep some restructuring folks busy.
On May 8, 2022, Cypress Environmental Partners LP ($CELP) and eighteen affiliates (together, the “debtors”) filed chapter 11 bankruptcy cases in the Southern District of Texas (Judge Isgur). The company provides environmental services which include inspection, water treatment and more.
On Wednesday May 4th we previewed the possibility for a near-term chapter 11 bankruptcy filing of PA-based Armstrong Flooring Inc. ($AFI), a designer and manufacturer of “innovative” flooring solutions. Merely a few days later, the official filing was upon us.
