RAD - GNC Holdings: An Interesting Bankruptcy Case

Already, there have been countless victims of the COVID-19 pandemic. Most of the companies whose doors have closed are small, private businesses. Some, however, are large national or multi-national firms that trade on the public markets. In the case of these larger firms, the typical track is a restructuring, normally through Chapter 11, aimed at eliminating debt and ensuring that the revitalized entity can survive once it's free from court supervision again. The latest casualty of the downturn has been health supplement retailer GNC Holdings (GNC).

A history of pain

There was once

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