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Friday, November 5, 2021

Bankruptcy Today Weekender

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

Potential Chapter 11 Filings



Zillow Is Shutting Down Its Homebuying Business and Laying Off 25% of Its Employees

Tennier Industries Begins Mass Layoff

Wholesale Grocer to Lay Off 175 Workers in Connecticut as Stop & Shop Shifts Supply Chain Model

‘Heartbreaking’: Foss Maritime Shutters Seattle Boatyard as Industry Shrinks

On the Verge of Bankruptcy? New Berlin Airport Boss Urgently Asks for Fresh Money.

Remember Byton? A Creditor Is Demanding The Company File Bankruptcy Soon.

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Retail Restructuring News



Sequential Sells Activewear Brands to Private Equity for $330M

CBL Exits Bankruptcy, Jettisons $1.7B in Debt

SC Mall Owner’s Year-Long COVID-19 Bankruptcy Odyssey Comes to a Close

That Bel Air Mansion "The One" - Which Was Previously Listed For $500 Million - Has Entered Bankruptcy

Under Armour CEO: 'The Majority of Our Transformational Work' is Done

Notable Filings



PWM Property Management, LLC Retains Omni Agent Solutions as Claims and Noticing Agent

HNA-Linked 245 Park Avenue Files for Bankruptcy in Delaware

HNA Entity Puts Park Avenue Office Tower, Chicago Loop High-Rise in Bankruptcy

Chinese Court Approves HNA’s $170 Billion Restructuring Plan

North Texas Congregation Files for Bankruptcy Protection over ACNA’s ‘Scorched-Earth Tactics’

GTT Files for Chapter 11 to Implement Prepackaged Plan

GTT Communications Can Proceed With Speedy Restructuring

Quality Inn Owner Files Bankruptcy Again to Keep Second Hotel

Five South Florida Businesses File for Bankruptcy, Including Aerospace Precision

Legal Issues



Lawmakers Ask Supreme Court to Hear Delphi Case

Judge Wants Answers About Conneaut Lake Park Sales Agreement

Maryland Bankruptcy Court Proposes Rule to Address Supreme Court Ruling on Estate Property

Avianca Says U.S. Court Approves Bankruptcy Reorganization Plan

Bankruptcy Court: Creditor’s Refusal to Release Prepetition Account Garnishment Does Not Violate Automatic Stay

Judge Rules He Has No Jurisdiction in Park Purchase Case

Sixth Circuit Affirms Holding that Contributions to a 401(k) Plan Made More than Six Months Prior to Bankruptcy Cannot be Excluded from Disposable Income

Feature Articles



More Turbulence Ahead for the Travel Industry

Dealing with "Zombie Debt"

Will Puerto Rico’s Debt-Restructuring Deal End the Largest Bankruptcy in U.S. History?

Big Changes to Student Loan Bankruptcy Rules May Be Coming - But Questions Remain

Farmers Could Lose Big from Express Grain Bankruptcy

Challenger Energy Shares Fall After Announcing Creditor Restructuring Plan

The Purdue Bankruptcy Plan Was Approved to Distribute Billions. Where Is The Money?

Pre-Bankruptcy Executive Pay a New Target for Fairness Advocates

Possession of a Debtor’s Property After a Bankruptcy Filing May…or May Not…Be a Stay Violation

Former Boy Scouts Voting on $1.8 Billion Bankruptcy Plan to Settle Abuse Claims

Owner of Local Malls Emerges from Bankruptcy

Polaris Mall Owner Emerges From Bankruptcy With New Leadership

Inflation Souring American View on Economy, Poll Says

PG&E Swings to a Loss on Wildfire and Chapter 11 Costs

5 Years After Nearly Going Bankrupt, Petersburg Bounces Back

Yellen Says U.S Economy Is Not Overheating

Study Reveals Racial Bias in Bankruptcy Cases

Trustee Wants N.Y. Lawyer Jailed for Not Cooperating in Firm Bankruptcy

PCT International Chapter 11 Plan Confirmed

Pharma Giant Tries Bankruptcy Tactic to Resolve Lawsuits. N.J. Woman Calls It ‘a Coward’s Way Out’

Amendments to the Federal Rules of Bankruptcy Procedure Take Effect December 1, 2021

Johnson & Johnson: The Texas Two-Step and Talc-Related Liabilities

Possession of a Debtor’s Property After a Bankruptcy Filing May…or May Not…Be a Stay Violation

Slowing Bankruptcy Filings Could Signal Flurry Ahead

Epic Rehabilitation and Nursing Home in White Plains Blames Builder for Bankruptcy

UnitedLex, LeClairRyan Must Face Trustee's Lawsuit

Jerry Funk: 28 Years on the Bankruptcy Bench

Bankruptcy and Compliance Programs

Bankruptcy: A Lifeline for Restaurants

Casa Bonita Sale: Bankruptcy Judge Clears The Way For 'South Park' Creators Trey Parker And Matt Stone To Buy Iconic Restaurant

Three Prime Office Buildings Up for Sale at Bankruptcy Auction

J&J Renews Fight to Halt Baby Powder Suits Using Bankruptcy

Peloton Shares Fall 25% as Company Posts Wider-Than-Expected Loss and Slashes Full-Year Outlook

PG&E to Spend $125M for Igniting Massive California Fire

New Hampshire Hospital Group to Wind Down

Bankruptcy Court Assigns Bishop’s Lodge to New Owner

Why Exela Technologies Stock Tanked 10.4% on Friday

Medical Debt Is The Leading Cause Of Bankruptcy, Data Shows

Verity Health Blames Bankruptcy on MultiPlan Price Fixing

Consumer Alert Issued for Defunct Concord Law Firm

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