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Saturday, October 10, 2020

Bankruptcy Today Weekender

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

Potential Chapter 11 Filings

17 Retailers That Could Go Bankrupt As the COVID-19 Era Wears On

Transocean Plan to Avoid Bankruptcy May Cause One Just the Same

Revlon: High Potential For Bankruptcy If Latest Debt Swap Offer Falls Through

WarnerMedia Plans Thousands of Job Cuts In Restructuring

New Otani Kaimana Beach Hotel Lays Off 110

Duke University To Lay Off 75 Employees Due To COVID-19 Disruptions

Sheppard Mullin Lays Off Staffers As It Restores Pay

BCLP Cuts 4% of Workforce, Reorganizes Practice Areas and Restores Salaries

Wells Fargo Eliminates More Than 700 Jobs In Commercial Banking

Danske Bank To Cut 1,600 Jobs

Boyd Gaming Permanently Lays Off 268

Britain's Virgin Money Cuts Further 400 Jobs

Pioneer Lays Off Around 300 Employees In Irving and the Permian Basin

220 WCSD Nutrition Employees Face Possible Layoffs

Exxon To Cut 1,600 Jobs Across Europe As Oil Rout Weighs

View All Filings
Retail Restructuring News

Retail Bankruptcies Will Go From Bad To Worse In 2021

Retailers Brace For More Pandemic Trouble

Some Local Chain Stores at Heightened Risk of Bankruptcy, According To New Data

How Different Companies Within the Consumer and Retail Industry Have Adapted and Struggled Throughout the Pandemic

DOJ Objects To Forever 21’s Bid To Undo Conversion To Chapter 7

Bankruptcy Bingo For JCPenney: Follow the Money

J.C. Penney Looks To Close 144 More Stores As Progress On Sale Grinds Slowly

Penney Judge Urges Aurelius Group to Bid With 9 Days to Deadline

Bankrupt Tuesday Morning Is Looking For Buyers

J. Jill Names New CEO After Dodging Bankruptcy This Year

True Religion's Bankruptcy Plan OK'd By Court

True Religion Apparel To Exit Bankruptcy

Neiman Marcus Begins Its New Life Outside of Bankruptcy

Cross Creek Mall Owner's Bankruptcy Signals Retail Evolution

Why COVID Was the Final Straw For Brooks Brothers

Notable Filings

UTEX Industries Reaches Agreement on Prepackaged Restructuring To Reduce Debt; Business Will Operate In Ordinary Course with No Disruption to Employees, Vendors, or Customers

Ruby Tuesday Closes 185 Restaurants After Filing Bankruptcy

Ruby Tuesday Files For Bankruptcy

It's Not Goodbye, But Not Good Either: Ruby Tuesday Declares Bankruptcy.

Golden Corral Operator Files For Bankruptcy

Legal Issues

Bankruptcy Court Approves OneWeb Sale

Bankruptcy Courts Have Allowed Retail Tenants To Defer Rent Payments

The Protecting Employees and Retirees in Business Bankruptcies Act of 2020: A Sign of the Times

Buffalo Diocese Asking Judge To Speed Up Bankruptcy Process

New York Sports Club Barred From Charging Fees To Members With Closed Gyms

Feature Articles

US Commercial Bankruptcies Up 33% Amid Coronavirus Pandemic

Understanding Chapter 13 Bankruptcy For Independent Business Owners In Need

More Big Chain Restaurants Are Filing For Bankruptcy

This Company Is Travel’s First to Emerge From a Major Pandemic Bankruptcy

Hertz Is Taking Shareholders Down a Dead-End Road

Twisted Bailout Economy: Chapter 11 Bankruptcies Surged, But Commercial Chapter 13 Bankruptcies Plunged. 420,000 Small Businesses Closed Quietly, Highest Rate Ever

Mall Anchor Stocks Near Short-Term Buy Signals

Which States Have the Most Residents In Financial Distress Because of COVID-19?

163 Pizza Hut Restaurants Up For Sale After Franchisee Files For Bankruptcy

Nate Paul’s World Class Files More Bankruptcies

Lehman Brothers Is Gone But Not Abandoned

Mallinckrodt Bankruptcy Would Hand Control Over to Bondholders

Remington Arms Gun Company Picked Apart In Bankruptcy

One Aviation Bankruptcy Sale Hits Turbulence

U.S. Oil producers On Pace For Most Bankruptcies Since Last Oil Downturn

Hertz Proposes Revised Employee Incentive Plan To Drive Itself Out of Bankruptcy

Frontier's Bankruptcy Shows Why ISPS Shouldn't Be In Charge of the Internet

Amid Pandemic, Thousands of North Carolinians File For Bankruptcy Despite Relief Efforts

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