Posts Tagged ‘Kickoff’
Geokinetics Files for Bankruptcy (Again)
On June 25, 2018, Geokinetics filed for bankruptcy in Houston. The lead case title is Geokinetics Inc., et al., number 4:18-bk-33410. The first day hearing was held on June 26 with a hearing scheduled for June 29 at noon.
On the agenda for the June 29 hearing is the bid procedures motion along with the critical vendor motion. Read More
Tops Bankruptcy
On February 21, 2018, Tops Holding II and its subsidiaries filed for bankruptcy. Tops is a grocery chain in the northeast with 169 owned stores and five franchise stores in upstate New York, northern Pennsylvania, and Vermont. 2017 audited financials showed a net loss of $80M on revenue of $2.5B ($14.3M per store, or $275k per store per week). Tops stores average about 45k sqare feet. Both size and sales are right on the per store industry average. Read More