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Friday, November 13, 2020

Bankruptcy Today Weekender

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

Potential Chapter 11 Filings



Eyeglass Manufacturer Could Lay Off Nearly 300, According To WARN Notice

WarnerMedia Starts New Wave Of Layoffs, As CEO Jason Kilar Calls Process “Painful”

Disneyland To Furlough Additional Staff And Execs As Shutdown Continues

Regal Cinemas Closing Down Remaining New York & California Locations

Theater Owners Chief Warns Cinemas Will Go Bankrupt Unless Congress Acts

Genesis Healthcare Warns Bankruptcy Is A Possibility As Covid-19 Woes Continue

Mid-Sized Shipyards Consolidating and Restructuring Due To Downturn

World’s Largest Coal Producer Warns of Bankruptcy Risk

With Coal Demand Sinking Fast, Bankruptcy Re-enters the Conversation At Peabody

More Than 100 Layoffs Announced For Liberty Steel In Georgetown

Societe Generale Plans To Cut 650 Jobs

Three South Jersey Firms Post Layoff Notices For More Than 800 Workers

Southwest To Furlough Workers For First Time

Etihad Flags More Cabin Crew Job Cuts, Airbus A380s Grounded

Thai Airways Q3 Loss Soars

Lufthansa Reaches Crisis Deal With Union To Cut Costs

Norwegian Air Shuttle Faces Bankruptcy

CVC Cuts 15 Jobs In Distressed Debt To Focus On New Deals

Barcelona In Turmoil As Stars Including Lionel Messi Fail To Agree Pay Cuts

View All Filings
Retail Restructuring News



9 Make-Or-Break Retail Turnarounds To Watch In 2021

'A Scary Number' of Retail Companies Are Facing Bankruptcy Amid the Coronavirus Pandemic

What A Vaccine Could Mean For Retail

9 Make-Or-Break Retail Turnarounds To Watch In 2021

The Real Opportunity In The Redevelopment of American Malls

Anchors, Away: How Department Stores Are Ditching Malls

Malls File For Bankruptcy Or Shut Their Doors As Pandemic Pain Spreads

Mall Vacancies Hit Highest Level In 20 Years

YouFit Health Clubs' Bankruptcy Petition Is Another Hit To Mall Operators

J.C. Penny Has New Owners In Bankruptcy Deal That Saves 60,000 Jobs

Tuesday Morning Expects To Exit Bankruptcy In December

Bankrupt Century 21 Is Putting Its IP Up For Sale

After A Difficult Year, Neiman Marcus Attempts A Restart Just In Time For The Holiday Season

Ascena Auctions Off Justice IP and Assets

America’s Iconic Retailers Fight For Survival As Pandemic Rages On

It’s A Sad Ending For Lord & Taylor, A Pioneer Retailer Fades Away

Is L Brands In Danger?

Notable Filings



Furniture Factory Outlet Files Bankruptcy Hoping for A Buyer

These Two Toilet Paper Companies Just Filed For Bankruptcy

Furla USA Files For Chapter 11 Bankruptcy

YouFit, With Several Gyms In Phoenix, Files For Chapter 11 Bankruptcy

Gym Carnage Rolls On With YouFit Chain Filing For Bankruptcy

Behind the Shroud of Cred’s Tragic Bankruptcy

Cred Is First, Big Bitcoin Intermediary To File For Bankruptcy In US

Cred Customers Demand Answers After Platform Files For Bankruptcy

Cryptocurrency Platform Customers May Encounter Novel Bankruptcy Issues In Recent Chapter 11 Filing

Bad Loans, Bad Bets, Bad Blood: How Crypto Lender Cred Really Went Bankrupt

Carriers Owed Money After Company Files For Bankruptcy

Legal Issues



PG&E: California Insurance Commissioner Urges Insurance Companies To Take PG&E Bankruptcy Settlement Into Account For Wildfire Survivors Still Facing Rebuilding Delays

The DoJ Allowed An Oil Company To Hide $10 Million In Political Donations As Part of Its Bankruptcy Filings

Purdue’s Massive Opioid Settlement Is Tangled In A Bankruptcy Court Fight

Texas Bankruptcy Court Enforces Make-Whole Premiums and Postpetition Default Interest

Judge Approves NORPAC's Bankruptcy Plan

Couple Appeal Judge's Bankruptcy-Case Ruling

Weinstein Co. Bankruptcy Plan Headed To A Vote By Accusers

Feature Articles



San Francisco Sees $116 Million Gap As Revenue Falls Short

Vanguard Says the Median 401(k) Withdrawal Was $12,000 Amid Coronavirus

Abused In Boy Scouts: Deadline To File Claims Before Bankruptcy Approaching

Exide Bankruptcy Highlights Limitations On Environmental Exception For Abandonment

Revlon Avoids Bankruptcy With Bond Exchange

Lenders Face Tough Decisions As Commercial Bankruptcy Filings Mount

The Artificial Bankruptcy of Pennsylvania REIT

Oak Hill's August Says Equinox Won't Go Bankrupt

Colombia's Avianca To Pursue Restructuring Without Government Loan

America’s Largest Restaurant Franchisee Enters Into $816MM Stalking Horse Asset Purchase Agreement With Flynn Restaurant Group

When A Borrower Files A Chapter 11 Bankruptcy: What Lenders Should Know

Revlon Reaches Deal With Carl Icahn In Race To Avoid Bankruptcy

18 Restaurant Chains That Have Filed For Bankruptcy

The Ultimate Guide To Personal Bankruptcy In America

Attorney Brian L. Shaw joins Cozen O'Connor's Bankruptcy, Insolvency & Restructuring Practice In Chicago

The Case For Bitcoin Banking (Despite Cred’s Bankruptcy)

Saving Our Small Businesses - Considerations For Lenders Upon the Default or Bankruptcy of A Paycheck Protection Program Borrower

Lilis Energy Announces Ameredev Texas LLC As Winning Bidder For Substantially All of Its Assets In Competitive Auction As Part of Chapter 11 Process

Astria Health Closer To Emerging From Bankruptcy

Struggling Movie Theaters See Glimmer of Hope Following Coronavirus Vaccine News

Homestead Exemptions: What To Know In Bankruptcy Cases and At Property Tax Time

The Restaurant Chain Bankruptcy Wave Is Far From Over

Privacy During Bankruptcy Proceedings: Why It Matters

For Millions Deep in Student Loan Debt, Bankruptcy Is No Easy Fix

Bankruptcy Filings Becreased By 21% In the Past Year, But Trouble Might Lie Ahead

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