bankruptcy

Recovery From Distressed Debt Swaps Beats Bankruptcy, Fitch Says

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(Bloomberg) — Distressed debt exchanges have been delivering better average outcomes for lenders compared to bankruptcies, according to a Fitch Ratings report. Such swaps have yielded an average recoveries of between 77.8% and 92.8%, according to Fitch, which analyzed transactions from 2024 through the first quarter. That compares with an average recovery of bankruptcies of … Read more

Tween Retailer Claire’s Considers Bankruptcy for US Operations

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Claire’s Stores Inc. is considering a potential bankruptcy for its US operations, according to people with knowledge of the matter, as the former fixture of shopping malls across the country struggles with weak demand, higher import costs and a heavy debt burden. Houlihan Lokey Inc. has been working with the retailer to shore up its … Read more