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Friday, October 8, 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

View All Filings
Retail Restructuring News



Why Retail Bankruptcies Have Stopped Dead - for Now

Retail's Pandemic Bankruptcy Bloodbath Is Over. But These 20 companies Are Still at Risk.

Bank of America Downgrades Columbia Sportswear, Citing Factory Closures in Vietnam

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



Muni-Backed Rice Fiberboard Project Files for Bankruptcy

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

Balance Point LLC Files for Bankruptcy

Imprisoned Hip-Hop Producer Mally Mall Files for Bankruptcy

Olympus Pools Owner Files for Chapter 11 Bankruptcy

Legal Issues



Bankruptcy Courts Must Independently Assess Plans

Bankruptcy Judge Drain Announces 2022 Retirement

Brazos Electric Seeks Bankruptcy Court Ruling on Winter Storm Energy Prices

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

10th Circuit Deepens Circuit Split Over Bankruptcy Fees with Hotel Ruling

Federal Judge Tosses Decision Erasing Law Grad's Student Debt, Says Issues Should Be Decided at Trial

Puerto Rico Judge's Ruling Makes Challenges to Debt Plan Easier

10th Circuit Deepens Circuit Split over Bankruptcy Fees with Hotel Ruling

Pipeline Foods Bankruptcy Judge OKs Speedy Iowa Property Sale Process

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

Ranger Energy Acquires Bankrupt Basic Energy Assets

With Bankruptcy in the Rearview, Springfield Hospital Leaders Plot a Future

Vermont Hospital Eyes Post-bankruptcy Partnerships

Shuttered Mall Heading to Bankruptcy Auction

Pre-bankruptcy Payouts Under Fire from Government Watchdog

Corporate Reorganization as Labor Insurance in Bankruptcy

Seven High Frequency Indicators for the Economy

15 Brands That Were Ruined by Poor Decisions

Grupo Aeromexico Reorganization Plan Rests on New Equity, Debt Financing

Aeromexico Reveals Its Plans Coming Out Of Bankruptcy

Frontier Communications Returns to Junk Market After Bankruptcy

Chapter 11 Bankruptcy Bonuses Happen Despite Restrictions

Appeals Are Mounting in Purdue Pharma Bankruptcy Settlement

Seychelles Appoints Air Seychelles Administrators Amid Debt Row

Famous Dave’s Parent Wins the Auction to Buy Buffet Chains

Uptick in Business Bankruptcies Expected

Restructuring Professionals Rachel Albanese (DLA Piper) and Lorie Beers (Cowen) to Be Honored at 2021 CCNYC Evening on the Lake

The Exciting (or Bewildering?) Intersection of Bankruptcy Code Section 365 and the Sale of LLC Membership Interests

Bankruptcies Continue Downward Trend from March Peak

Take Two: Formerly Troubled Retailers Seek Fresh Start with IPOs

The Exciting (or Bewildering?) Intersection of Bankruptcy Code Section 365 and the Sale of LLC Membership Interests

Seven Commandments for the Financially Distressed Company

What Americans Don’t Know About the Purdue Pharma Bankruptcy Hurts All of Us

Executives’ Pre-Bankruptcy Bonuses Stir Outrage, Little Action in Congress

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

Seadrill Seeks to Keep Bankruptcy Control as It Aims for Ch. 11 Exit

Bankrupt Companies Gave $165 Million in Bonuses to Top Executives Before Going Belly Up Last Year

U.S. Job Growth Falls to Slowest Pace of the Year

7 Fast-Food Chains That Are on a Quiet Decline

Seven Commandments for the Financially Distressed Company

Bankruptcy Shields Are No Match for Tribal Reach, Chippewa Tell 1st Circuit

Lawsuit Alleges National American University Schemed to Hide Assets from Creditors

Credit Suisse Will Front Some of Greensill Funds’ Recovery Costs

California Backed a Valley Rice Plant with Tax-Free 'Green Bonds.’ What Its Bankruptcy Means.

Medicare 'Bankruptcy'

Asset Manager Medley Gets Chapter 11 Bankruptcy Plan Approved

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