Bankruptcy & Restructuring News Headlines for Monday Feb 6, 2023
Chapter 11 Cases | News, Analysis & Bankruptcy Court Filings
by Randall Reese
1d ago
Here's what we are reading this morning: Why the Celsius Examiner Report Shows 'a Complete Disaster in Almost Every Way' - Ep. 451 - Unchained Podcast: Following the release of Celsius' examiner report, Kadhim Shubber, an investigative reporter at The Financial Times, dives into the controversial business practices of the lender, how the company inflated the CEL token, the use of customers' money, and much more. Fitch Ratings lifts forecast for retail default rate: January Jobs Report Updates: Pace of U.S. Hiring Surged Unexpectedly - The New York Times: After several months of cooling, the ..read more
Visit website
Bankruptcy & Restructuring News Headlines for Friday Feb 3, 2023
Chapter 11 Cases | News, Analysis & Bankruptcy Court Filings
by Randall Reese
1d ago
Here's what we are reading this morning: The Block: Solana DeFi lender Everlend Finance shuts down its app citing liquidity crunch: The Everlend team has moved the platform to withdraw-only mode. Users have been urged to remove their assets. The app will continue to operate until all withdrawals have been processed, the announcement stated. Voyager Creditors Push Back on Repayment of Alameda Loans: Creditors of bankrupt cryptocurrency lender Voyager Digital Holdings Inc. are pushing back on Alameda Research’s bid to claw back $446 million paid as a loan repayment. Ready for restructuring ..read more
Visit website
Bankruptcy & Restructuring News Headlines for Thursday Feb 2, 2023
Chapter 11 Cases | News, Analysis & Bankruptcy Court Filings
by Randall Reese
5d ago
Here's what we are reading this morning: Bed Bath & Beyond to close Lewisville facility, leaving hundreds jobless: The retailer leased the almost 800,000-square-foot facility in 2016 to fill e-commerce orders Federal Reserve Board - Federal Reserve issues FOMC statement: The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to raise the target range for the federal funds rate to 4-1/2 to 4-3/4 percent. Fed Approves Quarter-Point Rate Hike, Signals More Increases Likely - WSJ: The Fed ..read more
Visit website
Bankruptcy & Restructuring News Headlines for Wednesday Feb 1, 2023
Chapter 11 Cases | News, Analysis & Bankruptcy Court Filings
by Randall Reese
5d ago
Here's what we are reading this morning: Exclusive: Bed Bath & Beyond preparing to file bankruptcy as soon as this week -sources | Reuters: Bed Bath & Beyond Inc is preparing to seek bankruptcy protection as soon as this week, and has lined up liquidators to close additional stores unless a last-minute buyer emerges, four people familiar with the matter said on Monday. Crypto lender Celsius propped up its token, benefiting insiders - U.S. bankruptcy examiner | Reuters: Bankrupt crypto lender Celsius Network used investor money and customer deposits to prop up its own token, inflating ..read more
Visit website
Bankruptcy & Restructuring News Headlines for Tuesday Jan 31, 2023
Chapter 11 Cases | News, Analysis & Bankruptcy Court Filings
by Randall Reese
1w ago
Here's what we are reading this morning: U.S. court rejects J&J bankruptcy strategy for tens of thousands of talc lawsuits | Reuters: Johnson & Johnson's strategy to use bankruptcy to resolve the multibillion-dollar litigation over claims its talc products cause cancer was rejected by a federal appeals court on Monday, but the healthcare conglomerate said it would challenge the ruling. AMC’s Two Equity Securities Begin to Converge After Shareholder Proposal Released: AMC’s so-called Ape units are rising while its common shares are falling as the movie theater operator nears a consequ ..read more
Visit website
Bankruptcy & Restructuring News Headlines for Monday Jan 30, 2023
Chapter 11 Cases | News, Analysis & Bankruptcy Court Filings
by Randall Reese
1w ago
Here's what we are reading this morning: Bed Bath & Beyond Struggles to Avoid Liquidation: Facing a cash crunch, with its access to credit frozen and inventory low, the home-goods retailer’s options to restructure its business are narrowing. Bed Bath & Beyond makes desperate move while teetering toward bankruptcy: Source: A source told Yahoo Finance the company informed workers on Thursday that all of its Harmon brand stores would be closed as the embattled retailer continues on its downward trend. SBF's Mom, Caroline Ellison Aren't Cooperating in Bankruptcy Probe: Lawyers: In parti ..read more
Visit website
Bankruptcy & Restructuring News Headlines for Friday Jan 27, 2023
Chapter 11 Cases | News, Analysis & Bankruptcy Court Filings
by Randall Reese
1w ago
Here's what we are reading this morning: Instant Pot Maker Lays Foundation for Controversial Debt Move: Lenders to Instant Brands Holdings, the housewares maker behind the likes of Instant Pot and Pyrex, are huddling with lawyers after the company opened the door to a controversial form of financing, according to people familiar with the matter. $4 Billion Accounting Scandal Exposes Supplier Finance Risks: The accounting scandal that led to a $4 billion hole in the balance sheet of major Brazilian retailer Americanas SA centers on a common funding tool with notoriously opaque reporting: supp ..read more
Visit website
Bankruptcy & Restructuring News Headlines for Thursday Jan 26, 2023
Chapter 11 Cases | News, Analysis & Bankruptcy Court Filings
by Randall Reese
1w ago
Here's what we are reading this morning: Kitchenware Maker Instant Brands Hires Restructuring Advisers Amid Bed Bath Woes: Instant Brands hired restructuring advisers to help it address financial challenges including its exposure to troubled retailer Bed Bath & Beyond, people familiar with the matter said.  Lakeside Produce declares bankruptcy in Canada, owing $188 million: North America’s produce industry will be rocked by the bankruptcy of Lakeside Produce Inc., in Leamington, Ontario. The firm faces total claims of $187,889,241. Lakeside lists assets at $3,580,233. The bankruptcy ..read more
Visit website
Bankruptcy & Restructuring News Headlines for Monday Jan 23, 2023
Chapter 11 Cases | News, Analysis & Bankruptcy Court Filings
by Randall Reese
2w ago
Here's what we are reading this morning: Long Island Diocese Abuse Victims Creditors Seek $340 Million: Creditors of the Roman Catholic Diocese of Rockville Centre have proposed a bankruptcy exit plan that would provide at least $340 million to resolve child sex abuse claims. Bed Bath & Beyond receives Nasdaq warning over late 10-Q | Retail Dive: The distressed retailer has until March 13 to regain Nasdaq listing compliance by submitting the financial report. GameStop lays off employees, plans to close Kentucky distribution center | Retail Dive: The retailer’s 630,000-square-foot Shephe ..read more
Visit website
Bankruptcy & Restructuring News Headlines for Friday Jan 20, 2023
Chapter 11 Cases | News, Analysis & Bankruptcy Court Filings
by Randall Reese
2w ago
Here's what we are reading this morning: New FTX Chief Says Crypto Exchange Could Restart - WSJ: In his first public interview since taking over the failed cryptocurrency exchange, John J. Ray III said that he’s open to the idea of rebooting operations. Beyond Meat, Impossible Foods Burgers Are Just Another Food Fad - Bloomberg: Beyond Meat and Impossible Foods wanted to upend the world’s $1 trillion meat industry. But plant-based meat is turning out to be a flop. Starwood, KKR Retail Real Estate Funds Limit Investor Withdrawals | Barron's: Both the Starwood and KKR real estate investment t ..read more
Visit website

Follow Chapter 11 Cases | News, Analysis & Bankruptcy Court Filings on Feedspot

Continue with Google
OR