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Friday, February 5, 2021

Bankruptcy Today Weekender

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

Potential Chapter 11 Filings

Odds Favor Robinhood Will Not Declare Bankruptcy In 2021

Commerzbank's New CEO Finalizes Plans To Cut 10,000 Jobs

Layoffs At Chesapeake: Hundreds Cut As Bankruptcy Process Nears End

Morrison & Foerster Lays Off 4% of U.S. Staff, U.K. Staffing Under Review

Bankruptcy Tracker: Battered Firms Hasten To Cut Costs

Hotels 2021: Restructurings On the Horizon?

Billionaire Lucio Tan’s Philippine Airlines Cuts 2,300 Jobs

American To Furlough Up To 13,000

United Warns 14,000 Employees Their Jobs May Be In Danger

Canadian Airports, Airlines At Risk Of Collapse, Unions and Industry Warn

China’s Largest Private Aviation Conglomerate Faces Bankruptcy

Norwegian Air To Get Government Loan In Restructuring

Japan Airlines’ Outlook Worsens After Quarter Misses Estimates

Sutter Cuts 200 Positions In Restructuring, Signals More Job Losses Could Come This Year

Online Bankers Simple, Azlo Announce Layoffs As They Prepare To Shut Down

Boeing To Eliminate 600 Jobs As It Outsources IT Work To Dell

View All Filings
Retail Restructuring News

Inside the Wild and Tumultuous History of Toys R Us, A Once Beloved Children's Brand That Just Closed Its Last 2 Stores In the US

Hudson's Bay Permanently Laying Off More Than 600 Workers Across Canada

Tiger, SB360, Second Avenue Capital Provide $25MM Revolver To Francesca’s

Belk’s been Charlotte-based for decades. Here’s why it will file bankruptcy in Texas

Sears Is Closing 13 More Stores, Further Shrinking Its Footprint

Fearing Store Closures, Mall Landlords Raise Alarm About Sycamore's New Version of Ascena

Best Buy Is Quietly Closing US Stores Across 4 States

Ralph Lauren Cutting 30% of North American Workforce, Shuttering Stores Around the World

Notable Filings

Knotel, Inc. et al. Retains Omni Agent Solutions As Claims and Noticing Agent

Knotel Files For Bankruptcy As Pandemic Strains Office Rentals

Knotel creditor questions lender-backed bankruptcy sale process

Frontera Holdings and Affiliates File In BK SD TX - First Day Dec

Greylock Files For Bankruptcy After Losses Spur Withdrawals

Greylock Capital Says It’s Really A Small Business In Bankruptcy

Beauty Retailer L'Occitane Files Chapter 11

Pasco Rancher Sued By Meat Packer Over 200,000 ‘Missing’ Cattle, Declares Bankruptcy

Perini Navi Declared Bankrupt

Loves Furniture Files For Bankruptcy

Luckin Coffee Files For Bankruptcy In U.S., Will Keep Shops Open

Legal Issues

Why Almost Anyone In the Healthcare Industry - Borrowers, Lenders, Landlords, Tenants, Vendors and Others - Should Care About Recent Amendments To the Bankruptcy Code

NPC International Receives Court Approval For Second Amended Joint Chapter 11 Plan

Delaware Bankruptcy Court Teaches Important Lesson On Timely Lien Perfection

Bankruptcy Court ruling against Consol a victory for former Murray Energy miners, retirees

Bankruptcy Judge Lets Tyson Feed 54,000 Cows Amid Ranch Feud

Consolidated Appropriations Act of 2021 Amends Bankruptcy Code - Part 3: Congress Gives Suppliers and Landlords A Shiny New Arrow In Their Quiver To Challenge Preference Actions

The CFTC Adopts Comprehensive Amendments To Its Bankruptcy Rules

Consol Can’t Appeal Murray’s Bankruptcy Plan, A Judge Rules

Supreme Court Holds That A Creditor’s “Mere Retention” of Bankruptcy Estate Property Does Not Violate One Automatic Stay Provision, Leaves A Number of Other Questions Unanswered

Texas Bankruptcy Court Determines Bankruptcy Code Does Not Permit It To Delay Debtor Rent Obligations Beyond 60-Day Statutory Period

Feature Articles

Five Focus Areas For Buyers When Purchasing Assets From Bankruptcy

Filings At Their Lowest In 34 Years Despite Massive Unemployment

Bankruptcy Experts: Middle Market’s ‘Day of Reckoning Is Coming’

How Quarters’ $300M US Expansion Ended In Bankruptcy

Visium Technologies Wins Dismissal of Involuntary Bankruptcy Petition

More Breathing Room For Commercial Tenants In Bankruptcy

Creditors Back PIL Restructuring In Crucial Vote

PJT’s Tim Coleman, Architect of Big Restructuring Deals, To Exit

Christopher & Banks To Sell Assets For $25M

Farm Bankruptcy Filings Drop 7% In 2020

Weinstein Co. Bankruptcy Attorneys To Receive Millions More Than Victims

Can Creditors Get My Money If I Roll My 401(k) To An IRA?

US Corporate Bankruptcy Count Rises In January As Pandemic Rages On

Washington Launches Investigation Into 200,000 Missing Cows At Center of Bankruptcy, Legal Fight

Chesapeake Energy On Verge of Bankruptcy Exit

Biglaw Associate Layoffs In 2020 Were ‘Reminiscent Of 2009 and the Great Recession’

Superior Energy Successfully Completes Financial Restructuring and Emerges From Chapter 11

ONE Aviation Creditors Battle Over Sale, Potential Chapter 7 Conversion

Takata's US Ch. 11 Trustee Cuts $84M Auto Parts MDL Deal

What's Happening With So Many People Declaring Bankruptcy During the Pandemic?

Cannabis and Bankruptcy: 2020 In Review

Senators Unveil Sweeping Bill To Discharge Student Loan and Medical Debt In Bankruptcy

11 Restaurants That Filed for Bankruptcy Amid COVID-19

Toll Worker Job Losses Highlight Long-Term Fallout of Pandemic

NRA Bankruptcy Lets Critics Peer Into Gun Lobby’s Inner Workings

McKinsey Settles For $573 Million Over Role In Opioid Crisis

CBL says 'stakes couldn't be higher' in lender fight over future in Bankruptcy

Vallourec Reaches Financial Restructuring Deal with Creditors

Akin Gump’s Lisa Beckerman Appointed To Federal Bankruptcy Judgeship

Bankruptcy Filings Hit 15-Year Low

Alternatives To Bankruptcy In the Cannabis Sector

State Regulators Approve Frontier Communications Bankruptcy Reorganization

Plaintiffs Firms Flooded Boy Scout Bankruptcy With Unvetted, Potentially Fraudulent Civil Claims, Insurers Allege

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