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Friday, November 20, 2020

Bankruptcy Today Weekender

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

Potential Chapter 11 Filings



Goldman Plans Second Round of Job Cuts After Pause For Pandemic

Boston Scientific To Lay Off 106 Employees In January

Could Carnival Be Cruising Into Bankruptcy?

Cruise Industry In Troubled Waters

Santander Plans 4,000 Job Losses, Adding to Wave of Cuts

More Than 400 Southwest Mechanics Get Furlough Warnings As Cost-Cutting Talks Falter

Golden Gate Bridge District To Lay Off Workers Instead of Raising Tolls Amid Budget Crisis

BART Avoids Station Closures, Weekend Shutdowns But Could Lose Up To 40% of Staff

New York MTA Warns of 40% Subway-Bus Cut, Shedding 9,300 Jobs

A Wrecked Hertz Stock Is Driving Towards Bankruptcy

Calif. Dealerships Closing Over Covid Wave

Wedding Apparel Retailer Brideside Abruptly Shuts Down

Alaska Loses 3,000 Oil, Gas Jobs During Pandemic, Price Drop

Vestas Blades To Layoff Nearly 200 Employees At Brighton Facility

Thyssenkrupp Cuts Another 5,000 Jobs As Losses Deepen

Blue Apron: Possible Bankruptcy and How To Trade the Next Earnings Call

Lettuce Entertain You, Chicago’s Largest Restaurant Group, Could Lay Off 1,000

Tiger Brands To Cut 400 Jobs As New CEO Strives To Reduce Costs

Marotta: Italian Football At Risk of Bankruptcy

AMC Networks To Lay off 10% of U.S. Staff Following Strategic Shift

Regal Owner Cineworld Considering Insolvency Process That Could See Some Screens Permanently Shuttered

ViacomCBS Hit With Another Round Of Layoffs; 100 Jobs Cut Across Combined Company

Cineworld Term Lenders Seek To Preempt Potential Asset Transfer To Unsub To Secure New Financing In Letter To Company, Administrative Agent

Arcadia Denies Report That It’s On Brink of Bankruptcy

Guitar Center Expects To File For Bankruptcy After Debt Plan

PIL Warns of Liquidation Risk

Another Oklahoma Energy Company Is Seeking Bankruptcy Protection

View All Filings
Retail Restructuring News



Francesca's To Close 140 Stores

Caleres To Close 133 Naturalizer Stores In Shift To Digital

Through COVID: Meridian’s David Schechtman Discusses Retail Restructuring

Struggling Retailers Rack Up $52 Billion In Missed Rent

Strip Centers Get Levered

More Malls File For Bankruptcy Amid COVID-19 Pandemic

Malls Facing Bankruptcy, Foreclosure During COVID-19

Retail Chains Shed Stores, But It Isn't Good For Business

Taubman Agrees To Discount, Clearing Path To Simon Merger

Simon Property Gives Up On Four Struggling Malls. Why More Could Follow.

CBRE Predicts 20% Reduction In Total U.S. Retail Square Footage By 2025

The Stein Mart Bankruptcy: How It All Ended

Despite 'Strong' Q3, Macy's Operating Loss Approaches $5B For the Year

J.C. Penney Shareholders Ask Federal Court To Stop Sale To Simon, Brookfield and Lenders

Virus Shatters Retail Holiday Hopes, Could Lead To More Bankruptcies

Amid Pandemic, Big US Retailers Cash In As Small Business Suffers

The Future of Retail: Businesses Think In-Person Shopping Isn't Going Anywhere

Notable Filings



Rock Intl Investment Files For Chapter 15 In Texas Court

Colorado Mining Company Seeks Chapter 11, Pre-Packaged Sale of Massive Molybdenum Mine

Gulfport Files For Bankruptcy After Gas M&A Spree, Price

Reel Tyme Marketing Services Inc. Files For Chapter 11 Bankruptcy Protection Garrett Motion Files For Bankruptcy While Facing Asbestos Exposure Claims

Bay Area Musicals Ends Six-Year Run, Files For Bankruptcy

Norwegian Air Has Filed For Bankruptcy

AirAsia Japan Files For Bankruptcy, Leaving 23,000 Flyers Without Refunds

Two-Year Foreclosure Battle In Tribeca Culminates In Bankruptcy Filing

Legal Issues



New Bankruptcy Ruling Could Impact Future Midstream Contracts

Lilis Energy Announces Confirmation of Modified Debtors’ Liquidating Chapter 11 Plan

Bankruptcy Court’s Jurisdiction To Resolve Tax Claims

J&J Talc Supplier Sells Assets To Magris Resources To Emerge From Chapter 11

Purdue Wins Approval of $8.3 Billion U.S. Opioid Settlement

Bankruptcy Court Denies Section 546(e) Safe Harbor Protection In Fraudulent Transfer Action

Another Bankruptcy Court Weighs In On Rejection of Gas Contracts

University of California Agrees To $73M Sex Abuse Settlement Over Former UCLA Gynecologist

Nebraska Bankruptcy Court Holds Chapter 7 Debtors Not Individually Liable For Damages From Their Alleged Fraud In Conduct of Their Non-Debtor Business

FERC Won't Budge On Gas Contract Bankruptcy Order

Bankrupt Ruby Tuesday Tells Court (and Retirees): 'Pension funds Are Ours'

Amended N.Y. WARN Act Requires Advance Notice To Broader Range of Government Entities Before Layoffs and Closures

Feature Articles



The Importance of Paying Attention To Notices Received In Bankruptcy Cases: Creditor Misses Proof of Claim Bar Date and Loses Claim For $2 Million

Nearly 300 Companies That Got Up To $500 Million In US Government Stimulus Aid Have Filed For Bankruptcy. They Employed 23,000 People, A WSJ Analysis Found

Colorado Taking Unfortunate Early Lead For Commercial Bankruptcy Filings In the Region

Thompson Hospitality Acquires Matchbox In Bankruptcy Deal

Nearly 90,000 Sexual Abuse Claims Filed Against Boy Scouts In Bankruptcy

There's Little Sign of Worsening Layoffs So Far

Thompson Hospitality Acquires Matchbox In Bankruptcy Deal

Other Possible Bidders Emerge In LRGHealthcare Bankruptcy

Lender Civil Warfare Pierces Credit Euphoria

US Chapter 11 Bankruptcies Surged To A Decade-High In the 3rd Quarter As Stimulus Dried Up

Mortgage Demand From Homebuyers Surges After Election Pause

Be Careful What You Ask (Or Don't Ask) For In Bankruptcy

Russian Air Travel Bankruptcies Not Expected Despite 2020 Traffic Drop

Korean Air's Asiana Acquisition Faces Bumpy Road After Injunction

Fuse Media, In Post-Bankruptcy Reset, Is Bought By Latino-Led Management Group

OneWeb Ready To Emerge From Chapter 11

Boy Scouts Must Settle 95,000 Abuse Claims By Next Summer - Or Risk Running Out of Cash

Wendy’s Wants To Buy About 400 of Its Eateries Out of Bankruptcy

Frontier Begins $2.8 Billion Junk-Bond Sale To Exit Bankruptcy

32 Hospitals Have Filed For Bankruptcy This Year

RadioShack Brand Acquired By New Owner of Pier 1, Modell's IP

PG&E Names New CEO After Emerging From Historic Bankruptcy

Oil Crash Continues To Claim Bankruptcy Victims In U.S. Shale Patch

An ‘Affiliate’ of A Public Company Is Barred From Reorganizing Under the Bankruptcy Code’s New Subchapter V

Libbey Inc. Emerges From Bankruptcy As Private Company

Deutsche Bank CEO Says Focusing On Restructuring In 2021, Not Mergers

Hertz Rental Cars Has A New Plan To Beat Bankruptcy

October Bankruptcies Remain Off Year-Over-Year

About 90,000 Sex Abuse Claims Filed In Boy Scouts Bankruptcy

Chapter 11 Filings Hit Highest Ever Since Great Recession In the Third Quarter

Executive Pay Is Problematic For Companies In Distress

Whopping Ch. 15 Bankruptcy Filings May Be Misleading

Tailored Brands Expects To Exit Chapter 11 Bankruptcy By End of November

Revlon Avoids Bankruptcy After Getting Bondholder Support

UBS Chairman Rules Out Major Job Cuts During Pandemic

Sizing Up Corporate Restructuring In the COVID Crisis

S. Korea’s Hanjin Group In Talks To Buy Debt-Ridden Asiana Airlines

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