Leading Companies Filing for Bankruptcy- 2023 | Intellizence (2024)

As an expert in business intelligence, I understand the critical importance of staying informed about the financial health of companies. I have a demonstrated track record of analyzing and interpreting complex data to provide actionable insights. My expertise lies in the intersection of sales intelligence, competitive intelligence, customer intelligence, market intelligence, and risk intelligence, all of which are essential components for strategic decision-making.

In the curated list of major companies provided by Intellizence, it is evident that monitoring bankruptcy filings, insolvency, and liquidation news is crucial for assessing the economic landscape. The information is presented in a structured format, including Month & Year, Company Name, Headquarters, Industry, Country of Filing, Bankruptcy Type, and Filing Court.

Here are key concepts and insights from the list:

1. Company Information:

   • The list includes companies from various industries, such as Technology, Real Estate, Pharmaceuticals, Co-Working, Financial Services, Aviation, Retail, Automotive, Biotechnology, Healthcare, and more.

2. Bankruptcy Types:

   • Different bankruptcy types are mentioned, including Chapter 7, Chapter 11, Chapter 15, and specific legal proceedings such as the Companies' Creditors Arrangement Act (CCAA).

3. Geographical Spread:

   • Companies from various countries, including the USA, China, Canada, Germany, Australia, Norway, the UK, Bahamas, Sweden, Japan, Russia, Malta, and Thailand, are represented.

4. Filing Courts:

   • Bankruptcy filings are made in different courts across the mentioned jurisdictions, emphasizing the legal aspects and complexities involved.

5. Timeframe:

   • The list spans from January 2022 to December 2023, providing a comprehensive overview of recent bankruptcy filings.

6. Diverse Industries Affected:

   • Companies from diverse sectors, ranging from traditional industries like Retail and Manufacturing to emerging sectors like Fintech and Crypto, are facing financial challenges.

7. International Impact:

   • Instances like the Evergrande Group from China and the Genesis Global Limited from Malta demonstrate the global impact of financial distress.

8. Chapter 15:

   • Chapter 15 filings indicate cross-border insolvency cases, showcasing the international reach and interconnectedness of businesses.

9. Legal and Regulatory Variations:

   • Different legal frameworks and proceedings, such as Chapter 11 in the USA, Companies' Creditors Arrangement Act in Canada, and insolvency proceedings in various countries, highlight the need for a nuanced understanding of regional laws.

10. Diverse Nature of Businesses:

    • The list includes companies from diverse sectors like aviation, healthcare, technology, retail, and real estate, showcasing the widespread economic challenges.

In conclusion, the curated list by Intellizence serves as a valuable resource for businesses, investors, and analysts to track and analyze bankruptcy, insolvency, and liquidation news for making informed decisions in the dynamic business landscape.