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Sunday, March 19, 2023

Bankruptcy Today Weekender

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

Corporate Restructuring Headlines

U.S. Sports Broadcaster Misses Payment to MLB Team as It Nears Bankruptcy, Sources Say

BuzzFeed Forecasts a Dire Revenue Implosion in Q1

Meta Plans New Job Cuts That Could Match Last Year's Tally

National Seating & Mobility to Lay Off 108

Ford to Cut 1,100 Jobs in Spain After Other European Layoffs

90 Central Valley School District Teachers Facing Layoffs

Johnson & Johnson Layoffs Hit Medtech Business, With More Than 350 Cuts

Their School Faces Bankruptcy, so St. Bernard Alumni Step Up to Buy It for $6.2 Million

SVB's Parent Company May File for Bankruptcy

SoftBank-Backed Fetch Rewards Cuts Staff

Krispy Kreme to lay off 102

Facing Hundreds of Sex Abuse Lawsuits, Albany Diocese to Declare Bankruptcy

Oakland Diocese Considers Filling for Bankruptcy

Boxed Teeters on Brink of Bankruptcy

National CineMedia to Cede Control to Lenders, Prepping for Bankruptcy

Virgin Orbit Furloughs Staff, Halts Operations While It Seeks Funding

Lowenstein Sandler Lays Off 16 Business Staffers in Latest Cuts

View All Filings
Retail Restructuring News

Bed Bath and Bankruptcy: The Prudence of Avoiding Ch. 11

Tuesday Morning to Close More Than 250 Stores After Bankruptcy Filing

Bed Bath & Beyond Salvages Fundraising Deal Despite Slump in Share Price

Bed Bath & Beyond Paying No Severance in Recent Store Closings

Notable Filings

Loyalty Ventures Files for Chapter 11 Bankruptcy Protection

Madera Community Hospital, Closed for Two Months, Officially Files for Bankruptcy

Santa Rosa Catholic Diocese to File for Bankruptcy in Wake of Nearly 200 Sex Abuse Suits

Here’s What You Need to Know About Santa Rosa Catholic Diocese Bankruptcy

Scandal-Tainted WIRECARD Files for Bankruptcy - Accounting Frauds Case Study

Air Miles Owner Goes Bankrupt, Plans Sale of Program to BMO

Diamond, Owner of RSNs for 40-Plus Teams, Files for Bankruptcy

HyreCar Files for Bankruptcy, Prepares for Sale

Citing Abuse Lawsuits, California’s Smallest Diocese Files for Bankruptcy

Albany Catholic Diocese Files for Bankruptcy

Bally Sports Owner Declares Bankruptcy, Citing $8 Billion in Debt

Birmingham Popeye's Franchisee Files for Bankruptcy

Legal Issues

A Judge Has Ordered the Philadelphia Insectarium to Pay $928K in a Years-Long Foreclosure Case

Court Approves ‘Compromise’ QHC Bankruptcy/Debtor Plan for Iowa Provider

BlockFi Bankruptcy Attorney Describes Digital Assets Lender as Safe amid Silicon Valley Bank Crisis

Reliance on Bankruptcy Court Appointed Examiner’s Report-Not So Fast

Bankruptcy Court Approves Service of Subpoenas Via Email and Twitter

FTX Debtors File Schedules and Statements of Financial Affairs with Bankruptcy Court

Fifth Circuit Clarifies When Bankruptcy Courts Must Abstain from Complex State Law Issues in Chapter 15 Proceedings

A Second Chance for Johnson & Johnson in Court

Voyager-Binance.US Pause Denied by Bankruptcy Judge

Coinbase CLO Speaks on Voyager Digital Decision by Bankruptcy Judge

Orange County Real Estate Investor Asks Bankruptcy Court to Compel $1.5M Sale

Feature Articles

Implications of Silicon Valley Bank Closure

Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC

Let the Bailout Debate Begin

Bank of America: Brace for Impact

A Closer Look at FTX’s Most Recent Bankruptcy Documents

Silicon Valley Bank’s Bankruptcy and Offshore Oil and Gas

Silicon Valley Bank Is Said to Have Paid Out Bonuses on the Day of the Bankruptcy

Silvergate, Signature Banks' Woes Pose New Obstacle for FTX Customers

Diamond Sports Expected to File for Bankruptcy This Week

Discount Retailer Plans Major Change After Filing for Bankruptcy - See if Your City Will Be Affected

Voyager-Binance.US’ $1B Deal Should Be Put on Hold, Says U.S. Department of Justice

How to Brace Your Company for Rising Bankruptcies

A Surge in Restructuring and Special Situations Is Likely in Q2

All the Ingredients Are There for a Hard Landing, According to Piper Sandler's Michael Kantrowitz

Stock Market Expert Says Fed Will Pivot and Cut Rates 'Very Shortly'

Stocks Will Tumble if the Fed Pauses Rate Hikes Because It Would Mean Other Banks Are About to Collapse, DataTrek Research Says

BlackRock's Larry Fink Says the US Banking System May Face 'More Seizures and Shutdowns' After Silicon Valley Bank's Collapse

Edgemere Bankruptcy Nears Conclusion

Out of Bankruptcy, Happy Joe’s Ready to Grow

What Do the New Student Loan Bankruptcy Guidelines Mean for Borrowers?

Goldman Sachs Cuts GDP Forecast Because of Stress on Small Banks, Which Are Key to U.S. Economy

The Implications of CeFi and DeFi in Bankruptcy: A Hot Take on Celsius

The Reinhart Saga Continues: Impact of a Guarantor's Bankruptcy Discharge on Future Liability Under Guaranty

US Corporate Bankruptcy Filings Heavily Favor Reorganization in 2023

Stress Among Small Banks is Likely to Slow the US Economy

Rules Could Limit Creditors’ Gains if SVB Parent Files for Bankruptcy

Some Student-Loan Companies Are 'Ignoring' Court Orders and Continuing to Collect Borrowers' Debt After They Received Relief Through Bankruptcy, a Federal Consumer Watchdog Finds

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