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Friday, August 5, 2022

Bankruptcy Today Weekender

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

Corporate Restructuring Headlines

American Dream Misses $8.8M Loan Payment

Weston Insurance Heads for Insolvency Following Rating Downgrade

It Was Once the Largest Nursing Home in N.J., Now Just 15 Residents Remain in a Facility Soon to Close

Speculation Is on Fire Around HBO Max’s Future, Planned Layoffs in Major Streaming Shake-Up

Warner Bros. Discovery Faces First Post-Honeymoon Earnings as Layoffs, Streaming Decisions Loom

Liquidating Chapter 11 Debtor Excused from Providing WARN Act Notification of Employee Layoffs Due to Pandemic Natural Disaster

Auraria Student Lofts Files For Bankruptcy Protection

Oracle Cuts Workers in US Customer Experience Unit

GEICO Closes All California Offices, Lays Off Workers: Report

Robinhood Cutting About 23% of Jobs

Wisconsin Phone Captioning Firm to Lay Off over 600 Employees

NASA Lunar Contractor Masten Space Files for Bankruptcy, Furloughs Staff

Walden Equestrian and Rescue Center Named in Rape Case Files for Bankruptcy

San Antonio Waste Company Files for Bankruptcy Amid Rising Dump Fees

Credit Suisse Mulls Cutting Thousands of Jobs to Revive Lender

Beyond Meat Cuts About 40 Jobs in Cost-Cutting Move

Credit Suisse at Big Risk from Credito Real Bankruptcy

Credit Suisse Cut by Fitch in Latest Ratings Downgrade

Lucid Sinks 11% as the EV Maker Slashes Production Forecast to as Low as 6,000 Vehicles on Supply Chain Disarray

View All Filings
Retail Restructuring News

Amazons Shrinks Staff by 100,000

Amazon Closing 40 Warehouse Sites

Revlon Gets Court Approval for $1.4 Billion Bankruptcy Loan

Revlon Buyers Buck Bankruptcy Filing, Hoping Something's Left for Them

Revlon Soars 121% as Post-Bankruptcy Surge Continues After Judge Approves $1.4 Billion Loan

Record Retail Bankruptcies Will Happen by Fall, Former Toys 'R' Us CEO Warns

Revlon Gets Green Light for $1.4 Billion Bankruptcy Loan

Revlon: Lipstick on a Pig? Part XXV (but Chapter 11)

Walmart Lays Off 200 from Its Corporate Workforce

Neiman Marcus Names Former Williams Sonoma Exec President

Cowen Downgrades Kohl’s Because Inflation Is Hitting the Middle Income Consumer

Bed Bath & Beyond Weighs Private Loans as Retailer Burns Though Cash

J.Crew’s and Gap’s Comeback Playbooks Couldn’t Be More Different. Only One Is Working

Olympia Sports to Close All Remaining Locations, Liquidation Sales Underway

More Layoffs at Glossier as the Brand Moves into Wholesale

Allbirds Lays Off 8% of Its Global Corporate Workforce

Notable Filings

Masten Space Systems Files for Bankruptcy

Alex Jones' Media Company Files for Bankruptcy During Defamation Damages Trial

Space Company Masten files for Chapter 11

Defamation Case Against Alex Jones in Connecticut Halted by Bankruptcy Filing

Warrior Disposal Tells Customers It's Filing for Bankruptcy; Trash Pickup to Stop Immediately

Mohamed Hadid's $250M Beverly Hills Mansion Moves into Bankruptcy

Legal Issues

Ruling Leaves Questions About Boy Scouts Bankruptcy Plan

SEC Demands Zipmex Clarify Bankruptcy Filing

Another Circuit Rules that Taggart Standard for Contempt Applies Beyond Violations of Bankruptcy Discharge Injunction

Court Punts Decision to Shift Carolina Panthers’ HQ Bankruptcy to SC

Bankruptcy Judge Slams Landlord Joshua Bruno, Wrests Control of Six Apartment Complexes

Latter-Day Saint Boy Scout Abuse Settlement Rejected by Judge

Bankruptcy Court Says Voyager Digital Can Return $270M to Customers

Bankruptcy Judge Approves Resolution Requiring Tim Eyman to Pay Down His Debts

Feature Articles

Chapter 11 Creditors' Committee Has No Unconditional Right to Intervene in Adversary Proceeding

Yes, The U.S. Economy Is Likely in Recession

The Property Line: Bankruptcy 101 for Real Estate Professionals

Puerto Rico Debt Restructuring Fees Forecast to Hit $1.6 Billion

McKinsey Payments in Puerto Rico's Bankruptcy Come Under Fire

How Does a Crypto Company Bankruptcy Affect Investors?

Bankrupt Crypto Lending Platform Celsius Is Trying to Hire Its CFO Back at $92,000 a Month, Filings Say

Crypto Lenders' Investors Wait Out Bankruptcy to Recoup Their Cash

Crypto Customers Need FDIC Protection. Will They Ever Get It?

Final Deadline Approaching for Claim in Dow Corning Breast Implant Bankruptcy, Announces Claimants' Advisory Committee

Chapter 15 - A Useful Tool for Protecting and Preserving Assets in Cryptocurrency Insolvency Proceedings

Bankruptcy Filings Take Sharp Drop

Church's Part of BSA Bankruptcy Approved

Boy Scouts' Bankruptcy Hits Snag as Judge Rejects LDS Church's $250M Payout for Abuse Claims

Boy Scouts Near End of Bankruptcy, but Group Faces Challenges

Is the U.S. Economy in Recession?

Rock Hill Officials Say They Weren’t ‘Required’ to Issue Bonds for Panthers’ Failed Project

Sandy Hook Families Cast Wary Eye on New Infowars Bankruptcy

Alex Jones Races Back to Bankruptcy Court as Sandy Hook Defamation Case Goes Disastrously Sideways

Tech Layoffs Continue Across the Board: Here's the Latest

Two Indicted in Separate Bankruptcy Fraud Schemes

After Three Years, Cedar Haven Operator Takes First Steps to Exit Bankruptcy

Alex Jones Uses Bankruptcy to Limit Sandy Hook Reckoning, Again

Infowars Parent's Bankruptcy Raises Debt, Willful Injury Questions

Alex Jones Can't Tell Jury in Defamation Trial He's Bankrupt, Judge Says

SAS Files Financial Statements in US as Part of Chapter 11 Bankruptcy Process

The Crypto Winter Has Led to Summer Bankruptcies

Infowars Parent’s Bankruptcy Raises Debt, Willful Injury Questions

How Much Does It Cost to File for Bankruptcy?

After Three Years, Cedar Haven Operator Takes First Steps to Exit Bankruptcy

New Owner Plans 'Middle-Class' Housing in Cathedral City Development Stalled by Bankruptcy

Are All Crypto Entities Eligible to File for Bankruptcy Under Chapter 11?

Two Sides of the Same Coin? Cryptoassets and Estate Property in Bankruptcy

CEO of Bankrupt Voyager Sold $30M in Company Shares Near Stock's Peak in 2021

Church's Part of BSA Bankruptcy Approved

Nursing Home Chain’s Tangled Corporate Structure and Bankruptcy Threats Stymied Litigation

Wedding Studio’s Bankruptcy Leaves Couples and Photographers in the Lurch

Saving the Iron Horse

Fund Usage Questions Remain as GOMO Bankruptcy Winds Down

How One Armstrong Flooring Employee Is Trying to Move on from the Bankruptcy

'A Bitter Result': Purdue Pharma, a Sackler Bankruptcy Filing, and Improving Monetary and Nonmonetary Recoveries in Mass Tort Bankruptcies

Voyager Digital's Bankruptcy Case: The First 3 Weeks.

Bankrupt Voyager: 'Higher and Better' Bids Than FTX 'Low-Ball' on Table

Crypto Winter Is Here - What Does It Mean for Insolvency Practitioners?

Voyager Customers Granted Access to $300 Million in Latest Bankruptcy Hearing

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