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Friday, May 15, 2020

Bankruptcy Today Weekender

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

Potential Chapter 11 Filings



Rental Giant Hertz Could Be in Bankruptcy in Weeks, Destroying What's Left of the Used Car Market

J.C. Penney bankruptcy: Retailer could reportedly close a quarter of its stores due to $4B debt from coronavirus shutdown

J.C. Penney will file for bankruptcy, close 200 stores, reports say

JCPenney Misses May Rent as Bankruptcy Looms

JCPenney gives executives bonuses ahead of deadline for possible bankruptcy filing

J.C. Penney is planning to file for bankruptcy as early as Friday, sources say

Boeing CEO Expects Airline Bankruptcy: What Did He Really Mean About Coronavirus Impacts?

Airlines are on the brink of bankruptcy - what happens to your voucher, travel miles and airline credit card if they go belly up?

With debt due and no money to pay, GNC is searching for options, including bankruptcy

GNC may be headed to bankruptcy

More Oil And Gas Companies May Seek Bankruptcy Protection

Retail Restructuring News



The Pandemic Helped Topple Two Retailers. So Did Private Equity

A timeline of J. Crew's rise and fall

Neiman Marcus says it has a plan

Hedge fund pushes for Neiman Marcus-Saks Fifth Avenue merger

Landlords push back on J. Crew's plans to skip rent in Ch. 11

Dillard's swings to $162M loss as Q1 sales plummet 47%

Apparel collapse drags down retail in April

Notable Filings



Sustainable Restaurant Holdings Launches Restructuring and Sale Process to Ensure Continuity of Restaurant Operations and Create Path for Long-Term Success

Sustainable Restaurant Holdings Retains Omni Agent Solutions as Claims and Noticing Agent

Hard seltzer company files for Chapter 11 bankruptcy

Intelsat files for bankruptcy

Ultra Petroleum Files For Bankruptcy... Again

Discount retailer Stage Stores files for bankruptcy

Gordmans owner declares bankruptcy, to liquidate stores

Ashkenazy seeks bankruptcy for Surrey Hotel to save $45M loan

Luxury Dorm Financed With Muni Bonds Falls Into Bankruptcy

Summer camp files for bankruptcy as parents clamor for refunds: ‘I think it’s going to be like getting blood from a stone’

Avianca, one of Latin America's largest airlines, files for bankruptcy

Legal Issues



Steps to Prevent Losing Trademark Rights If the Owner Seeks Bankruptcy

Solutions and Alternatives to Bankruptcy in the Cannabis Industry and Financing Options Available

Bankruptcy Amendments Could Help Businesses After Coronavirus

Delaware Bankruptcy Court Rules Shareholder “Blocking Right” to Prevent Corporate Bankruptcy Subordinate to Federal Public Policy

Congress is ignoring the best solution for troubled companies: bankruptcy

Steps to Prevent Losing Trademark Rights If the Owner Seeks Bankruptcy

Solutions and Alternatives to Bankruptcy in the Cannabis Industry and Financing Options Available

Bankruptcy Amendments Could Help Businesses After Coronavirus

Delaware Bankruptcy Court Rules Shareholder “Blocking Right” to Prevent Corporate Bankruptcy Subordinate to Federal Public Policy

Congress is ignoring the best solution for troubled companies: bankruptcy

Feature Articles



Farm Bankruptcies are Rising

Revived LandAmerica bankruptcy case continues after $2.8M recovered

PG&E bankruptcy judge weighs concerns about fire victims’ lawyer

Court Ruling a ‘Significant Step Forward’ in Windstream Chapter 11 Bankruptcy Exit

Debt-Stricken Chesapeake Energy to Advance Incentive Executive Pay

Texas firm eyes several Levin Furniture stores in bankruptcy deal

Bankruptcy and Benefits Beyond a Crisis: How Chapters 11 and 7 Affect Retirement and Welfare Plans

What Happens To Your Miles When An Airline Declares Bankruptcy

A Guide to Public Companies and Bankruptcy

Russia's COVID-19 Response: Moratorium on Bankruptcy and Freeze on Transactions

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