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Friday, February 12, 2021

Bankruptcy Today Weekender

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

Potential Chapter 11 Filings



Nabisco Plant To Close, 600 Made Jobless

YMCA Announces Hundreds of Layoffs

Covid Leaves French’s Cozy Islands Bankrupt

SOS From the French League To the Government To Avoid Bankruptcy

Schwab Cuts 200 Jobs As It Combines Business With TD Ameritrade

American Airlines To Furlough Nearly 1,200 St. Louis Employees

Thai Airways Lays Off Hundreds of Pilots Under Debt Rehabilitation Plan

Air Namibia Goes Into Voluntary Liquidation

About 1,500 New Layoffs At Air Canada, As Service Is Reduced

Fact Check: 9,000 Shell Layoffs Were Announced Prior To U.S. General Election and Biden Taking Office

Houston-Based Oil Producer Marathon Oil Confirms Layoffs

Heineken Cuts 8,000 Jobs As Virus Crisis Takes Toll On Earnings

Closures, More Volume Declines Hitting Powder River Basin Coal Region In US

Bloomberg News Lays Off Staffers Including Longtime Editors

ThredUp Laying Off 243 Workers, Closing Vernon Hills Facility

Bill Would Cut 100,000 DOD Jobs

Rabobank To Cut About 5,000 Jobs In Coming Years To Lower Costs

View All Filings
Retail Restructuring News



Ralph Lauren To Shrink Office and Store Footprint As Sales Remain Sluggish

Malls Spent Billions On Theme Parks to Woo Shoppers. It Made Matters Worse.

Mall Owner Simon Seeks To Block Ascena Retail Group Bankruptcy Settlement Over Lease Concerns

Belk’s Plans For Bankruptcy Include One-Day Reorganization

Best Buy To Lay Off Some Store Workers

Party City Eyes $725M Bond Sale To Buy It Time

Dylan’s Candy Bar NYC Flagship Closed

Notable Filings



Seadrill Asia Files For Bankruptcy As Virus Ends Recovery Bet

Seadrill Seeks Bankruptcy Protection-Again

Continental Country Club Files For Chapter 11 Bankruptcy, Will Stay Open

Carla's Pasta Files For Ch. 11 Bankruptcy

Luckin Coffee Files For Bankruptcy Protection

Amid Fight Over Pandemic Loans, Wilton Hotel and Buffet File For Bankruptcy

Owner of 6 Lincoln Radio Stations Files For Bankruptcy

Parent Company of Embattled CBD Firm Files For Bankruptcy

Mercy Hospital, Denied Approval To Close, Files For Bankruptcy

Mercy Hospital and Medical Center of Chicago Files For Bankruptcy After Mounting Losses

Legal Issues



Illinois Supreme: Medical Providers May Not Attach Injured Workers’ Awards In Bankruptcy Court

Settlement Reached In Class-Action Lawsuit Against Blackjewel, Pending Judge's Approval

Bankruptcy Judge To Rule On March 3 On Blackjewel Settlement For Wyoming Miners

Bankruptcy Court Permits Chapter 7 Trustee To Utilize IRS’ Look-Back Period In Seeking To Avoid Fraudulent Transfers

Milwaukee Lawyer Named As Bankruptcy Judge

Feature Articles



‘Cattlegate’ Continues, With Complications For Easterday’s Creditors

Despite Punishing Pandemic and Friendlier Rules, Fewer CT Biz File For Bankruptcy

New Benefits For Some Businesses Filing Bankruptcy; Many To Lose Eligibility March 27

Congress Advances Stimulus: What It Means For Student Loan Borrowers

Farm Bankruptcies During 2020

A Look At How Proptech Startup Knotel Went From A $1.6B Valuation To Filing For Bankruptcy

Victims Decry Insurers' 'Ugly Games' In Boy Scouts Ch. 11

Malaysia Airlines Aircraft Lessors To Vote Wednesday On Restructuring, Parent Says

Focus On Health Care Provider Bankruptcies

Section 1126 of the Bankruptcy Code and the Dangers of Sleeping On Your Rights As A Creditor

Oversight Board: Right Deal For Puerto Rico Rests On Four Principles

Decade-Long Limitations Period For IRS Can Be Utilized By Bankruptcy Trustee For All Creditors In Zagaroli

Former NRA Director Seeks Examiner Probe For Bankruptcy Case

Western Wisconsin Leads the Nation In Farm Bankruptcies, Again

American Tire To Eye $1 Billion Refinancing Post Bankruptcy

Creditor Strategies To Combat Insider Transactions

Make-Whole Premiums - “What Is in a Name?”

Bankruptcy Imminent If Pandemic Income Tax Lost, Ohio Mayors Say

Chesapeake Energy Emerges From Bankruptcy and Shifts Back To Natural Gas

HNA Bankruptcy & Restructuring - What’s the Latest?

Attorneys Challenge Weinstein Co. Bankruptcy Plan Approval

Private Equity Turns To Fund Restructurings In COVID-19 Slowdown

NRA Foe Seeks Dismissal of Bankruptcy, Citing Bad Faith

$21.5 Million Settlement For Diocese of Winona-Rochester, Part of Bankruptcy Reorganization

Attorneys Challenge Weinstein Co. Bankruptcy Plan Approval

The ‘Quasi-Instrumentality’ Question: Chapter 9, Chapter 11, Or Neither?

DC Hotel Ch. 11 Will Stay In Delaware

Power Provider Frontera To Restructure Under Chapter 11

Bankruptcy Claimed Their Jobs, and Now They’re Out For Payback

Keeping Your Job As CFO When A CRO Arrives

Congress Pushes Bankruptcy Aid For Those Suffering Financially From COVID-19

Simon Fighting Ascena Reorg: Here's Why

Tyson Alleges Easterday Conducted A “Fire Sale”

The NRA Owes the IRS At Least $3.4 Million

After $21.5M Settlement, Diocese Files Plan of Reorganization

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