Top Five Bankruptcy Filings for 2020:
Chesapeake Energy, Assets of $16.2 billion, liabilities of $11.8 billion,
the filing represents the fourth-largest bankruptcy by assets so far in 2020.
The company's history goes back 113 years to its first store in Dallas.
The 118-year-old department store JCPenney, was already struggling to
overcome a decade of bad decisions, and executive instability
Remington Arms Co.
The 204-year-old U.S. gun-maker, among the best-known brands of firearms,
Filed for Chapter 11 protection due to two decades of mismanagement
and cost cutting resulting in a line of inferior products that no one wanted.
The 104-year-old plane maker was already struggling overcome two decades of
management instability and a host of bad decisions, all related to cost cutting.
This resulted in products so inferior and so dangerous that no one would buy,
let alone fly