Distress filings, grouped by company, for short-side research
Mass layoffs, SEC Item 2.05 restructuring filings, and Chapter 11 petitions — cross-referenced into a single distress cascade. Built for activist short sellers, distressed credit desks and research shops that want the public record of a company's filings in one place. Descriptive grouping, not a prediction; start with the dated public sample and the methodology.
The Pre-Bankruptcy Cascade
Public filings from a distressed company arrive in a sequence. We surface each filing as it is published, cross-reference it back to the ticker, and flag the cascade when several arrive within 90 days. This is descriptive grouping, not a prediction — see the methodology.
WARN Notice Filed
State filing required 60+ days before mass layoff. Usually appears in a state portal days to weeks before press release.
SEC 8-K Item 2.05
Material restructuring costs disclosure. Often includes impairment charges and severance figures that move the estimate model.
8-K Item 1.03 / Ch. 11
Receivership, covenant breach, or Chapter 11 petition. PACER docket appears within hours of filing.
Equity Re-rate
Sell-side cuts, forced selling, liquidity thinning. By this leg, most of the easy alpha is gone.
See live cascade examples: Connected Signals →
What a Signal Looks Like
Illustrative sequences showing how the composite score reacts to each filing type. They are not customer records or measured outcomes; live scores are in the table below and the scoring rules are on the methodology page.
Example: WARN + 8-K + Ch. 11 within 60 days
WARN notice for 240 workers filed with CA EDD on day 0. SEC 8-K Item 2.05 filed day 14 disclosing $48M restructuring charge. Chapter 11 petition filed day 54 in SDNY. Composite distress score crossed 9.0 on day 14, before the company's own announcement. Illustrative; no price outcome is implied.
Example: H-1B hire overlap with WARN
Company laid off 380 workers per WARN while simultaneously sponsoring 120 H-1B workers in the same SOC codes. Talent Displacement Index (TDI) flagged. A pattern worth a closer look at labor-cost guidance; not a forecast.
Sector cascade — Commercial real estate
8 office-REIT tenants filed WARN notices in 3 major metros within 60 days. Metro Contagion Score + Industry Domino Index both crossed threshold. Short candidate list generated automatically from the sector-wide signal.
Retail chain — SEC Item 2.04 covenant breach
Item 2.04 (acceleration of direct financial obligation) landed 3 weeks after a WARN notice for store-closure layoffs. Credit spreads widened within 5 days. Chapter 11 filed 71 days after the WARN notice.
Live Distress Signal — Top Names Right Now
Pulled in real-time from /api/risk-signal. Score ≥ 4 only. This is the same endpoint you'd be polling on a paid tier — here it is, live, so you can see what a typical day's short-candidate screen looks like.
| Company | Score | Level | Factors |
|---|---|---|---|
| Loading live signal… | |||
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API Endpoints You'll Use Most
Full docs: API Documentation →
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