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Friday, October 1, 2021

Bankruptcy Today Weekender

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

Potential Chapter 11 Filings



New York Air Brake Announces 125 Layoffs in Watertown

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Retail Restructuring News



Jessica Simpson Nears Deal to Buy Back Brand in Sequential Bankruptcy

Alex and Ani Bankruptcy Plan Okayed

Teen Retailer Claire’s Files for IPO, Says It Sees Route to Faster Growth

Notable Filings



Trucking Lender Instapay Files for Chapter 11 Bankruptcy Protection

Corporate Travel Giant CWT to File for Chapter 11 Bankruptcy Protection

Express Grain Files For Chapter 11 Bankruptcy https://www.gwcommonwealth.com/local-news-top-stories/express-grain-files-chapter-11-bankruptcy#sthash.WzvWP0om.dpbs

Balance Point LLC Files for Bankruptcy

Legal Issues



Justices Urged to Review Judge-Made Bankruptcy Appeal Roadblock

Dallas’ Federal Bankruptcy Court Wants to Be More Hospitable to Bigger, Complex Cases

Judge Begins Key Hearing on Boy Scouts Bankruptcy Plan

3rd Cir. Holds Bankruptcy Amendments Did Not Overrule ‘Willfulness’ Defense to Automatic Stay Violations

Judge Robert Drain, Overseer of Mega Bankruptcies, to Retire

Bankruptcy Debtor Prevails Over SBA in District of Arizona PPP Loan Dispute

Third Circuit Affirms Bankruptcy Court’s Authority to Set and Enforce Bar Dates for Administrative Expenses

Intelsat Bankruptcy Judge Denies Equity Call for Examiner

Courts Muddy the Waters on 401(k)s in Bankruptcy

Bankruptcy Court Approves MN School of Business Settlement

US Bankruptcy Court Allows PAL to Access $505M ‘Debtor-in-Possession’ Financing

Feature Articles



Flood of Pandemic-related Bankruptcies Yet to Materialize

Circuit City Trustee Seeks Supreme Court Review of Bankruptcy Fee Hikes

LeClairRyan Founder Blasts Claims He Helped Tank Law Firm

Intelsat, Equity Holders Square Off Over Bankruptcy Examiner Request

The Purdue Pharma Deal Would Deliver Billions, but Individual Payouts Will Be Small

Connecticut to Appeal Purdue Bankruptcy Plan

Boy Scouts’ Bankruptcy Leaves Churches Liable for Abuse Suits

Medical Debt Plays a Role in a Majority of Oregon Bankruptcy Filings

U.S. Units of Trane Reach Proposed $545 Million Settlement in Bankruptcy

Puerto Rico Lawmakers Present Debt-Restructuring Bill

PAL Eyes Additional Support Measures to Stay Afloat

SpiceJet's Plan to Split Cargo Unit Runs into Opposition from Creditors

Judge Closes K&W Cafeteria Bankruptcy Case

A Creditor’s Perspective: The Bankruptcy Trustee: Friend or Foe?

Religious Partners Fear Boy Scouts’ Bankruptcy Plan Leaves Them Unprotected

Fitch Downgrades Evergrande and Subsidiaries, Hengda and Tianji, to 'C'

The Evergrande Crisis Strikes at the Heart of Beijing's Legitimacy

The Purdue Pharma Deal Would Deliver Billions, but Individual Payouts Will Be Small

Facilitation Skills for Subchapter V Trustees

Bankruptcy Debtor Prevails Over SBA in District of Arizona PPP Loan Dispute

A Creditor’s Perspective: The Bankruptcy Trustee

Senate Considers Bankruptcy Code Changes to Tackle Student Debt Crisis - and to Make Some Colleges Pay for It

Man Defrauds $9 Million, Files for Bankruptcy Protection, Faces Charges by SEC

Troubled Chinese Airline Group Proposes Paying 40% of Debts

PAL to Get Fresh Funds from Lucio Tan Group

LATAM Gains Up to $750M in Fresh Financing from Investors

The Coalition of Abused Scouts for Justice Comments on Disclosure Statement Hearing in the Boy Scouts of America Chapter 11 Bankruptcy Case

Bankruptcy Filings Take Dip

Enhanced Authority Could Strengthen Oversight of Executive Bonuses Awarded Before a Bankruptcy Filing

Boy Scouts Bankruptcy Plan Set for Vote by Abuse Claimants

States & Cities with Highest Debt Load

Tort Claimants' Committee for Boy Scouts of America Bankruptcy Rejects Modified Fifth Amended Plan of Reorganization

Thai and NOK Air Rehabilitations: Top Ten Takeaways

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