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Friday, April 2, 2021

Bankruptcy Today Weekender

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

Potential Chapter 11 Filings



AT&T Said Tax Cuts Would Create Jobs - Now Firing Thousands

150 Laid Off By Gilbert Public Schools

1,000 Job Cuts Coming To Hillsborough County Schools

Law Firms Likely To Continue Quietly Trimming Employee Rosters

Alitalia Is Running Out of Cash and Italy Can’t Help This Time

View All Filings
Retail Restructuring News



JC Penney’s Interim CEO Sees Green Shoots Emerging As Department Store Chain Plots Post-Bankruptcy Turnaround

J.C. Penney Talks Post-Bankruptcy Turnaround, CEO Search

Omega Sports Looks To Reorganize In Bankruptcy Court

Mall Owner Given More Time To Avoid Bankruptcy

Bankruptcy Judge Withholds Confirmation of Stein Mart Plan

Neiman Marcus Simplifies Its Debt

The Ghosts of Brooks Brothers

Wrangle Over Tailored Brands’ Financing Shows Retail’s Ongoing Struggle

Athene To Take Over US $2.8 Billion In JCPenney Pension Obligations

Notable Filings



Prodigy Network Files For Bankruptcy As Lawsuits Mount

AeroCentury Files Chapter 11 Bankruptcy

Entrust Energy Files for Bankruptcy in Texas Amid Power Fallout

What brought Entrust Energy To Houston's Bankruptcy Court

Becker Boiler Files For Chapter 11 Citing Union Pension Fund Liabilities

Legal Issues



Bankruptcy Judge Threatens To Issue Bench Warrant For Hidalgo County EMS Owner

What’s Done is Done: Third Circuit Upholds Equitable Mootness and Rules Out Possibility of Individualized Relief For Timely Objecting Party

Irish Court Clears Norwegian Air Restructuring For Take-Off

Second Circuit Stands By Brunner Test For Discharge of Student Loan Debt

5th Cir. Rejects Chapter 13 Debtor’s Attempt to ‘Partially Surrender’ Different Collateral for Same Claim

Third Circuit Eschews Setoff Creativity In Favor of A Simple Mutuality Test

Superior Court Applies “Law Most Favorable” Choice of Law Provision and Finds Investment Fund’s Settlement of A Fraudulent Transfer Claim Was An Insurable Loss

The Bankruptcy Court For the Southern District of New York Recharacterizes Debt As Equity

General Moly : Bankruptcy Judge Confirms General Moly's Chapter 11 Plan of Reorganization; Remaining Directors Resign Their Positions

The Expanding Contours of Permissible Non-Debtor Releases In the Ninth Circuit

Judge Temporarily Blocks 36 Clergy Abuse Claims, Citing Threat To Buffalo Diocese Bankruptcy Case

Feature Articles



S & A Retail, Inc., et al. Retains Omni Agent Solutions As Claim’s and Noticing Agent

Coronavirus-Era Bankruptcy Surge Heavily Favors Reorganizing Over Liquidation

Class Action Representative Named To Leadership Role In Griddy Bankruptcy By Department of Justice

Washington Prime Gets Interest Payment Extension

Judge John Ninfo To Receive Visionary Leadership Award

Oil Co Seeks To DQ White & Case From Enviro Battle Citing Rival Bankruptcy Lawyers' Romance, Defection

RentPath Gets Nod On New Ch. 11 Plan With $600M Sale

Writer Loses 'Muppet Babies' Lawsuit Because of Old Bankruptcy

U.S. Bankruptcy Tracker: March Heats Up For Busted Companies

When Mass Tort Meets Bankruptcy

Commercial Landlords (and Their Lenders) Beware: Bankruptcy Courts Are Shifting Risks To Lessors In Response To the Exigent Circumstances Brought On By COVID-19

UWS Bankruptcy Case Concludes With Chapter 11 Sale, Removal of Owner

A Stalking Horse Bids $69M For Bankrupt Henry Ford Village In Dearborn

Ferrellgas Successfully Completes Restructuring Efforts

You Had Me At ‘Has Never Filed For Bankruptcy’

Can Alamo Drafthouse Battle Back From Bankruptcy and Lead A Moviegoing Revival?

PG&E Ties Compensation of Victims To Its Future Through Stock

10% of All Restaurants Have Closed During Pandemic

COVID-19 Pandemic Preference Amendments To Bankruptcy Code Benefiting Vendors, Customers, Commercial Landlords and Tenants

A Big Wave of Pandemic Bankruptcies Never Happened. Here's Why.

Protecting Against Vendor Bankruptcy In Service and License Agreements

Washington Health System Blames Cerner For Bankruptcy

A Huge Number of Restaurants Filed For Bankruptcy During the Pandemic

Private-Jet Sales Rose As Airlines Filed For Bankruptcy Through the Pandemic

Soon After Bankruptcy Filing, Knotel Turns To WeWork Alum To Chart A New Path

U.S. Corporations Face Reckoning Over Prescription Opioids, CEOs Keep Cashing In

Greensill Capital’s U.S. Unit Seeks Chapter 11 Protection

Erie-Area Boy Scout Abuse Claims At 87; National Settlement Plan In Dispute

Clergy Abuse Bankruptcy Moves Toward Resolution

Long Island Diocese Announces Sale of HQ Due To Bankruptcy

Bankrupt Buffalo Diocese cuts spending on schools as its legal bills rise

Eagle Hospitality Defends Foreign Units' Inclusion In Ch. 11

A Look At Four Recent Electrical Cooperatives In Bankruptcy - Context to Brazos Electric

NextEra May Seek Disgorgement For $60M EFH Ch. 11 Claim

HNA Restructuring: What Does It Mean For Creditors?

Palmview Unlikely To Acquire Part of Hidalgo County EMS In Bankruptcy Sale

Country Fresh Bankruptcy Judge Approves Sales of US, Canadian Assets

Congress Extends Higher Debt Ceiling For Small Business Bankruptcies

Diocese Of Rockville Centre Sells Headquarters Amid Bankruptcy Due To Child Victims Act Lawsuits

Hertz Floats Ch. 11 Deals To Resolve $200M In Class Claims

Cerner Systems’ Failure Drove Astria Health Into Bankruptcy

Easy Come, Easy Go? Trustee Goes After Loan Repayments Made To County Authority By Bankrupt Airline.

K&W Cafeteria Bankruptcy Plan Keeps 14 Restaurants Open - For Now

Hertz Sells Donlen Subsidiary For $891 Million, Gets Closer To Leaving Bankruptcy

Biden Signs COVID-19 Bankruptcy Relief Extension Act

NRA Board Member Upends Bankruptcy With Demand to Probe LaPierre

The Sackler Family’s Bankruptcy Scheme

U.S. Bankruptcy Filings Cool Off After A Busy March Start

NRA Director Seeks Examiner Probe For Bankruptcy Case

Owner Removed From UWS Multifamily Following Default, Bankruptcy Sale

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