Capital One Financial Corporation (NYSE: COF), one of the largest credit card issuers in the United States, recently reported results that showed profits being squeezed by a jump in loans that customers are not paying back. In the fourth quarter of 2025, the company recorded a $4.1 billion provision for credit losses, an increase of […]
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If Quiznos’ debts are discharged in bankruptcy, how do its creditors account for the effect of the bankruptcy?
June 2, 2014 
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The sandwich chain Quiznos has filed for Chapter 11 bankruptcy protection, which will allow it to continue operating while it works out a debt-restructuring plan with creditors. Senior lenders would receive equity in exchange for the debt. On the other hand, some junior creditors may not get paid the monies due to them from Quiznos. […]
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Accounting in the Headlines 