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Friday, July 3, 2020

Bankruptcy Today Weekender

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

Potential Chapter 11 Filings



Wave of bankruptcies may swamp courts

Remington preparing to file bankruptcy again, in talks to sale to Navajo Nation

Rite Aid looks to buy time on debt as it posts $73M Q1 loss

Men's Wearhouse misses $6.1M interest payment on bonds

A $6 million PPP loan and bankruptcy keep two chains afloat

View All Filings
Retail Restructuring News



Growing List Of Closures & Bankruptcies Imperils Malls

With Bankruptcy Hovering At 3-2, Will Retail Walk Or Strike Out?

What's next for bankrupt GNC?

Guitar Center gets some breathing room with $56M debt exchange

How CBL's journey to the brink lays bare the risks to malls

These mall staples announced thousands of store closures in June

Macy's Q1 loss approaches $4B

Lululemon snaps up at-home workout platform Mirror for $500M

Nike anticipates layoffs as it accelerates digital strategy

Nordstrom tells landlords to expect just half their rent until January 2021

Notable Filings



Fracking trailblazer Chesapeake Energy becomes the biggest oil and gas bankruptcy of the pandemic

Oil Giant Files For Bankruptcy While Its Executives Receive $25 Million Dollars

Old Time Pottery to file Chapter 11 bankruptcy, close stores due to COVID-19

Cirque du Soleil Seeks Bankruptcy Protection, Lays Off 3,500

Lenders angry over bankruptcy plans want CEO Lamarre out of Cirque du Soleil

Pizza Hut's largest U.S. franchisee files for Chapter 11 bankruptcy

Pizza Hut and Wendy's operator NPC files for bankruptcy

Aeromexico files for US bankruptcy, citing 'unprecedented' challenges

Legal Issues



Chicago Bankruptcy Court holds rent may be reduced during Chapter 11 proceedings due to COVID-19 shutdown orders

Confusion Mounts Regarding Bankruptcy Debtor Access To PPP

Feature Articles



US companies tumble into bankruptcy at fastest pace since 2013 under coronavirus stress

Corporate Bankruptcies Are RISING - What To Know

The 20 biggest companies that have filed for bankruptcy because of the coronavirus pandemic

Bankruptcy Is Not The End

Nonprofit Expects to See Surge in Bank¬ruptcy Filings Once Cares Money Runs Out

Fed’s Williams warns that U.S. economy far from healthy even if worst of the coronavirus outbreak is over

Force Majeure Clause Hitz the Spot for Restaurant Tenant

Bankruptcy court approves Quorum's $1.3B restructuring plan

Final bids due for McClatchy bankruptcy auction

Turbulence: The Saga of Bankruptcy in Aviation

Blackjewel properties risk abandonment in bankruptcy case

The IP Value Proposition that Startups Should Not Overlook During Financial Distress

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