The Sports Authority (March 2, 2016) Less than 13 months after buying NewPage, paper manufacturer Verso Corp. is asking for Chapter 11 bankruptcy protection. Memphis-based Verso Corp. (OTCQB: VRSZ) announced the voluntary filing on Tuesday morning in the U.S. Bankruptcy Court in the District of Delaware.
More Notable Insolvencies..........
The Limited (Jan 17, 2017) Unsecured Creditors likely to see no money, Secured Creditors "thank" them for the donation.
So Who's next? Sears? Any Metal Processors? Volkswagen (Billions in fines already levied)? Which is the next Energy related failure? 7 of the 10 largest bankruptcies in 2016 were in the energy sector. Which Way will the dominos fall?
SunEdison (April 21, 2016) Shareholders to see nothing, as the "hopelessly insolvent" company files bankruptcy