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Friday, March 20, 2020

Bankruptcy Today Weekender

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

Potential Chapter 11 Filings



Expect Flurry of Bankruptcy Filings With Coronavirus Slowdown

Global airlines face bankruptcy by May if governments don’t intervene, warns aviation consultant

Frontier Communications Delays Interest Payments as Reported Bankruptcy Looms

These Struggling Retailers May Suffer Their Final Blow From The Coronavirus Lockdown

Carvana May Go Bankrupt During This Downturn

Dillard's downgraded after a weak Q4

Revlon restructuring relies on layoffs for cost reductions

Big Lots downgraded as competitive position weakens

L Brands leans on its revolver for cash as it braces for store shutdowns

Party City downgraded on weak sales, coronavirus disruption

As Oil Prices Slip, Texas Firms Are Adding Bankruptcy Lawyers

Retail Restructuring News



Retail at risk as consumers hunker down

Tracking retail’s response to the coronavirus

Retail store closures in the US could explode because of the coronavirus

Macy's closes all of its stores through March

Ulta shutters stores shortly after cutting services, store hours

E-commerce also pulls back amid pandemic precautions

Kohl’s taps credit and withdraws earnings outlook because of coronavirus

Lawsuit Alleges Toys R Us Execs Bilked Company During Bankruptcy

Post-Bankruptcy Modell's Taps A&G Real Estate to Auction Leases

Fairway Markets stores head to auction block in bankruptcy proceedings

Modell’s To Shutter Retail Locations After Bankruptcy Filing

Lucky Supermarkets Bankruptcy Triggers Over $1M in Liens Against Retail Developer

Neiman Marcus to shutter almost all Last Call off-price stores

Mall Owner Prevents Assignment of Sears’ Lease: What Constitutes “Adequate Assurance of Future Performance” of a Shopping Center Lease?

Ross to open another 100 new stores this year

Amazon buying Lord & Taylor building for $1.15 billion

Why lenders still love retail, bankruptcies and all

The running list of 2020 retail bankruptcies

Notable Filings



Ample Hills Creamery Files for Bankruptcy

Colocation Provider INAP Files for Chapter 11 Bankruptcy

Hemp Company Atalo Holdings Files for Bankruptcy

One Week After Being Sued, Online Auction House Paddle8 Has Filed for Bankruptcy

Art Van Furniture files for Chapter 11

JLL to market leases for Art Van Furniture bankruptcy

Legal Issues



Bankruptcy Courts Adjust How They’ll Tend to Battered Companies

Delaware Bankruptcy Court Tests Skype Video Workaround

First Circuit Swats Down Puerto Rico Bondholders’ $190M Claim

Feature Articles



Bankruptcies ‘unavoidable’ but relief is on the way

'D' word rears head as coronavirus-hit markets brace for recession

A Taxonomy of Bailouts: Comparing the Coronavirus Rescues With Rescues Past

Private Credit Lender Considerations for Effect of COVID-19 Pandemic on Existing Financing Facilities

Coronavirus Puts a Wrinkle in Wedding Industry

Big Law Goes Remote: Updates on Law Firm Closures During the Coronavirus Crisis

Bankruptcy lawyers' warning as coronavirus crisis mounts: Act now

Mortgage payments, foreclosures and bankruptcies are in limbo

Court approves PG&E's $23B bankruptcy financing package

Moviefone Sold in MoviePass Bankruptcy Proceedings

NanoMech to settle bankruptcy case, clear former CEO of wrongdoing

Blackjewel coal miners reach settlement over lawsuit, needs judge's approval

When Bankruptcy Can Save a Property From Foreclosure, Timing is Everything

Junk-Bond Spreads & BBB-Bond Spreads Blow Out Past Lehman-Bankruptcy Levels

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