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Friday, July 24, 2020

Bankruptcy Today Weekender

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

Potential Chapter 11 Filings



Mall Owner CBL Prepares to File for Bankruptcy Protection

Oil firms hurtle toward bankruptcy

Investors ask Ken Casey companies to declare bankruptcy

Travelport Strikes Deal With Creditors That For Now Could Save It From Bankruptcy

J.Jill Has Until the End of the Month to Meet Its Loan Terms - or Face Bankruptcy

View All Filings
Retail Restructuring News



A risky bet by America’s mall owners: Plucking retailers out of bankruptcy to salvage a pandemic-hit industry

Big mall owners are looking to do deals to salvage bankrupt retailers

Mall Owners Look to Acquire Tenants Out of Bankruptcy

How Ascena went bankrupt

Brooks Brothers’ Bankruptcy Path

Simon Property Group, Authentic Brands bid $305M for Brooks Brothers

Bankrupt JCPenney Says Some Lenders Have Agreed to Accept Its Business Plan - But With Certain Conditions

Neiman Marcus gives up on Hudson Yards after just over a year

Executives With Dallas-Based Neiman Marcus Seek $10 Million In Bonuses During Bankruptcy

Neiman Marcus may close 4 stores for good

Nordstrom lays off 521 in Seattle

Tailored Brands to close up to 500 stores, slash corporate workforce 20%

PVH to close Heritage Brands stores, cut 450 jobs

Notable Filings



Bruin E&P Partners, LLC Retains Omni Agent Solutions as Claims, Noticing, and Solicitation Agent

Engine maker Briggs & Stratton files for bankruptcy protection, agrees to sell assets to KPS

U.S. Fracking Services Pioneer Files For Bankruptcy

Kentucky coal operator files for bankruptcy protection

Oil field services co. BJ Services to wind down business in bankruptcy

Ann Taylor owner files for Chapter 11 bankruptcy

Ann Taylor Parent's Bankruptcy Is the Scariest Yet

RTW Retailwinds files for bankruptcy

The Paper Store files for Ch. 11, plans to sell itself

The First REIT Bankruptcy Since 2009

Legal Issues



How Will Subchapter 5 of the Bankruptcy Code Impact Landlords?

Force majeure is the clause du jour in commercial leasing during the pandemic

Bankruptcy and Commercial Lease Issues in a COVID-19 Disrupted World

Recent Amendments Place Creditors In A Stronger Position To Defend Against Chapter 11 Bankruptcy Preference Lawsuits

Congress Again Considers Expanding Worker Protections in Bankruptcy

Feature Articles



Bankruptcies surging as coronavirus levels the U.S. economy

June bankruptcy filings drop but reversal anticipated

Professor warns of looming spike in small & medium-sized bankruptcies

Coronavirus aid package includes bankruptcy change to help more small-business owners keep their companies

How will D&O insurance evolve with the coronavirus?

Cancel Student Loans In Bankruptcy Due To Coronavirus

Hertz will pay $650M to stall bankruptcy battle over used car fleet

U.S. court authorizes Aeromexico to return leased aircraft amid bankruptcy process

Puerto Rico bankruptcy RICO complainant temporarily withdraws lawsuit

Routt County enters claim in Purdue Pharma bankruptcy proceeding

Unplugged Renewable Energy Series - PG&E Bankruptcy: Lessons Learned and a Path Forward

Hytera Asks Court to Approve Sell of U.S. Subsidiaries to Other Hytera Entity

CEOs And Executives Of Companies Filing For Bankruptcy Make Millions

American corporations are bingeing on debt in the downturn

What is Chapter 11 bankruptcy?

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