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Coronavirus losses are putting Brazilian airline Gol Linhas Aereas Inteligentes SA in a major cash crunch. Is bankruptcy far behind?

Tailored Brands, owner of Men's Warehouse and Jos. A. Bank, filed for bankruptcy following the secular headwinds of declining professional attire, only accelerated by the coronavirus and stay-at-home orders.

The downfall of Ascena Retail Group, parent company of Ann Taylor, Lane Bryant and DressBarn, was largely foretold by our FRISK® score prior to the COVID-19 pandemic.

Net Loss: Mile-high WiFi provider Global Eagle Entertainment Inc. has gone bankrupt, which is something our FRISK® score predicted could happen.

Engine failure: the bankruptcy of Briggs & Stratton Corporation was an event long suspected by CreditRiskMonitor subscribers who watched the company's fledgling FRISK® score on a daily basis.

California Resources Corporation could not stave off bankruptcy in 2020, hit simultaneously by a price war in oil & gas and the worldwide coronavirus pandemic.

South African retailer Steinhoff is battling the fallout from a massive accounting fraud and facing legal claims amounting to more than $10 billion USD. Couple that with the overall industry deline due to coronavirus and bankruptcy could be very near.

Leveraging AI for accurate private company bankruptcy risk assessment, we were successful in predicting 80% of bankruptcies in the first half of 2020 with the PAYCE® score.

¡Ay, Caramba! The coronavirus has grounded Grupo Aeroméxico SAB de CV, but their heavy debt load preceding the pandemic made the Mexican airliner a bankruptcy risk for many years prior.