💥Freefalling like Bawses💥
🚢 It’s a Bad Time to Service Oil and Cruiseline Companies 🚢
This is a fun one.
Speedcast International Limited, a publicly-traded Australian company headquartered in Houston and 32 affiliates (the “debtors”) filed rare freefall bankruptcy cases in the Southern District of Texas earlier this week. In a week where another 4.4mm people filed for unemployme…