Commenting on Bed Bath & Beyond filing for bankruptcy, Houston Principal John Sparacino said that once the company started missing its debt payments, there was very little they could do to turn things around, noting that the current fiscal environment makes a new infusion of equity difficult to attain and they weren’t “going to sell their way out of the problem.” He added that the prep work ahead of a filing typically includes reaching out to creditor groups and other stakeholders to get them on board with the plan. Click here to read the full article.
