Editor’s note: Chesapeake Energy, an oil and gas company, filed for bankruptcy protection on Sunday. With assets of roughly $16.2 billion and liabilities of $11.8 billion, the filing represents the fourth-largest bankruptcy by assets so far in 2020, above that of Intelsat.

Where can I find bankruptcy records in Michigan?

Look to the left side of the window to see a listing of available documents for review. You will be able to view, download or print any records shown. You will also be shown what Michigan court the bankruptcy was filed in, the bankruptcy’s date and which Michigan judge handled the case.

When was the last time a company went bankrupt?

After defaulting on various payments in January, the Minnesota-based brand filed for bankruptcy on January 14, with plans to wind down its brick and mortar fleet and sell off its e-commerce shop to run as a digital-only brand.

What are the different types of bankruptcy in Michigan?

There are four types of bankruptcy cases provided under the law: Chapter 7 is known as “straight” bankruptcy or “liquidation.” It requires a debtor to give up property which exceeds certain limits called “exemptions”, so the property can be sold to pay creditors. Chapter 12 is reserved for family farmers.

Where can I find list of bankruptcies in Canada?

Locating unclaimed dividends or submitting a claim to recover funds owed to you. A list of all bankruptcies and proposals filed in Canada. A list of companies that have been granted protection under the Companies’ Creditors Arrangement Act.

What does it mean when company files for bankruptcy?

While bankruptcy doesn’t inherently mean that a company will go out of business — it’s more a financial restructuring — it does spell news of changes to come. Here’s a list of all the major companies to have filed for bankruptcy so far since the coronavirus pandemic hit the U.S.

How many companies have filed for bankruptcy in India?

Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs stated that as per data provided by the National Company Law Tribunal (NCLT), 149 in the year 2018, 103 in the year 2019 and 72 in the year 2020 making a total of 324 companies which have filed for bankruptcy during the aforesaid three years period.

Who are the companies that went bankrupt in 2020?

Retailers, airlines, restaurants. But also oil producers, mall landlords, and gyms across the country. These are some of the more than 340 companies that declared bankruptcy in the U.S. in 2020 and blamed Covid-19 in part for their demise.

Are there any companies that are still in business?

The company reinvented itself, however, and today offers multiple digital products, including tablets, television sets, and digital cameras. The company’s “polarizer” technology enhances many LCD flat-screen televisions sold today. The company still sells versions of its old instant film cameras.

Ranked by assets alone, says Hammond, the magnitude of bankruptcies this year has already surpassed that of 2008. And that’s not including what could happen when the government’s Paycheck Protection Program, which aims to keep small businesses up and running with loans that can be converted to grants if certain terms are met, runs out.