Identify distressed companies before everyone else does.
Troubled Company Prospector profiles U.S. and Canadian companies with $10 million or more in assets that are showing signs of financial distress — every week, since 1993. Now available as a searchable, filterable web platform.
Published by Beard Group, Inc. · Covering distressed companies since 1993
49,000+
Company profiles archived
12
Distress trigger events tracked
Daily
New profiles, every day
Every company profile is triggered by one of 12 distress events
TCP doesn't guess at distress — every profile is triggered by a specific, documented event. Here are the 12 triggers we track:
#1
Bankruptcy Filing
Voluntary Chapter 11, 7, or 15 petition
#2
Involuntary Petition
Creditor-initiated bankruptcy filing
#3
Default
Significant payment default on principal or interest
#4
Distressed Exchange Offer
Debt or preferred stock exchanged at a significant discount from face value
#5
Preferred Dividend Omission
Skipped preferred stock dividend
#6
Restructuring
Proposed significant restructuring of outstanding obligations
#7
Debt at Deep Discount
Public debt trading at yields exceeding 18% or eight points over the long-term treasury rate
#8
Low Rating
Downgrade to CCC or equivalent, indicating default vulnerability
#9
Audit Concerns
Going-concern qualification, auditor resignation, or other audit red flags
#10
Covenant Problems
Violation or likely violation of debt agreement covenants
#11
Loss/Deficit
Significant quarterly or year-end loss, equity deficit, or strained liquidity
#12
Miscellaneous
Other events suggesting financial distress or uncertain future prospects
Each profile includes the company's name, address, contact information, NAICS classification, business description, officers, financial overview, and outstanding securities.
Built for professionals who work in distressed situations
Restructuring attorneys & advisors
TCP identifies early-stage prospects in financial distress with the company intelligence and contact information you need to evaluate potential mandates — before a formal process begins. Every profile includes officer names, attorneys on record, and the full history of prior distress events.
Distressed debt investors
Track companies sliding from covenant violations toward bankruptcy. Filter by industry, state, or distress type. Watch names you own or are evaluating, and get alerted the moment TCP publishes a new profile. Every week gives you a fresh set of vetted, documented opportunities.
Creditors, lenders & financial advisors
Know when a counterparty first appeared in TCP, whether they've had prior distress events, and how comparable companies in their industry have fared. You determine the appropriate criteria. Every case is different — TCP gives you the briefing materials to formulate your own strategy.
The full TCP archive — searchable, filterable, and always current
The web platform puts 30+ years of distressed company intelligence at your fingertips.
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Advanced Search
Filter 49,000+ profiles by keyword, category, state, NAICS code, or officer and attorney name. Stack filters to zero in on exactly the segment you're watching — a specific industry in a specific state, or every company a particular restructuring firm has touched.
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Company Timelines
See every TCP profile for a company in one place — a reverse-chronological timeline showing how distress has evolved from an initial covenant breach to a Chapter 11 filing. Understand the full arc, not just the latest trigger event.
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People Search
Search across all officers, attorneys, and auditors named in TCP profiles. Find every company a restructuring attorney has worked on, trace an executive's history across multiple distressed situations, or identify which audit firms are showing up repeatedly on going-concern opinions.
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Industry Comparables
Every company profile shows other companies in the same NAICS industry that have appeared in TCP — so you can instantly benchmark one distressed situation against others in the sector.
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Watchlist with Alerts
Bookmark any company you're tracking. We'll flag it the moment TCP publishes a new profile — so you never miss a new trigger event on a name you're following.
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Weekly Dashboard
Log in to a curated view of what's new: the latest profiles, most active distress categories, the biggest bankruptcy filings by estimated asset size, and companies appearing in TCP repeatedly — a signal that distress is deepening.
Three decades of distressed company intelligence
Troubled Company Prospector has been published weekly by Beard Group, Inc. since 1993. In that time, TCP has tracked tens of thousands of companies across every economic cycle — the S&L aftermath, the dot-com bust, the 2008 financial crisis, the COVID-19 wave of retail and hospitality bankruptcies, and beyond. Our analysts monitor court filings, credit rating actions, auditor disclosures, and debt market activity to surface companies that meet our 12 documented trigger criteria.
The web platform puts that entire archive at your fingertips, with new profiles added every week. It's the same intelligence restructuring professionals have relied on for over 30 years — now searchable, filterable, and accessible from anywhere.
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