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Friday, February 14, 2020

Bankruptcy Today Weekender

Catch up on relevant current restructuring news, case filings, legal issues and developments.

Potential Chapter 11 Filings



Modell’s works with vendors, landlords to avoid bankruptcy

Shares of Stage Stores plunge amid bankruptcy speculation

Kohl's cuts 250 jobs amid restructuring

Another bleak quarter ahead for Bed Bath & Beyond

Wayfair lays off 550 employees, including 350 in Boston

With so many home furnishings store closures, where does all that business go?

Retail Restructuring News



These 4 retailers have filed for bankruptcy or liquidation in 2020

Small Businesses Caught in Crosshairs of Sears Bankruptcy

The Retailer You’re Shipping to Is in Bankruptcy. Will You Get Paid?

No other bidders step up as Forever 21 nears sale

L Brands nears sale of Victoria’s Secret to Sycamore Partners

Retail Apocalypse Hits High End Malls, Leading to Landlord Deal

Notable Filings



From one Asheville store to over 50 locations, here's what led Earth Fare to bankruptcy

Earth Fare enlists firms to market stores, intellectual property.

ACL files for Chapter 11 in U.S. Bankruptcy Court

Company Tied to Deadly Houston Warehouse Explosion Files for Bankruptcy

A large Sonic franchisee declares bankruptcy

Insulin pump maker Valeritas files for bankruptcy amid $23M sale to Zealand Pharma

Fuzzy's Taco Shop locations close as restaurant group files for bankruptcy

Newspaper chain McClatchy files Chapter 11 bankruptcy after pension woes, print declines

Truck drivers have rights after fleet bankruptcies

Legal Issues



Taggart v. Lorenzen, The State Of Bankruptcy Contempt Power Eight Months Later

The Final Stay: Supreme Court Holds That Any Bankruptcy Court Order Denying Relief From The Automatic Stay Constitutes A Final, Immediately Appealable Order

7th Circuit upholds judgment for bank in HHGregg bankruptcy dispute

Bankruptcy Court Rules Default Interest is Not a Penalty Where Triggered by Maturity Default

Appeal Filed From Bankruptcy Court’s Decision Granting Discharge of Student Loan Debt

Bankruptcy judge rules sexual-abuse victims’ attorney can question bishop emeritus ’

Anti-Assignment Provisions: Restrictions on Transfer of Promissory Notes May Be More Enforceable Than You Might Expect

Money from Palm House sale finally disbursed to claimants under bankruptcy plan

Feature Articles



Bankruptcy filings begin 2020 by moving higher

U.S. Farm Bankruptcies Reach Eight-Year High. Cuc

U.S. hemp group calls GenCanna ‘fraud corporation’ in wake of bankruptcy

Puerto Rico’s economy in limbo as governor rejects debt deal

Puerto Rico oversight board eyes bankruptcy exit by year-end

Bankrupt PES says Philly refinery restart is a ‘fantasy’ and urges court to approve sale to developer

U.S. judge likely to approve Philadelphia refiner's bankruptcy plan

Section 363 Sale Survives Collateral Attack by Chapter 7 Trustee

Is It About To Rain? Preparing For A Recession

Bankruptcy Basics and Recent Developments

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