Daily Bankruptcy & Restructuring Newsletter for April 27, 2015

Wall Street Journal: Corinthian Colleges Closes Remaining Campuses – For-profit college operator ending operations, affecting 16,000 students

Reuters: UBS chairman says Greek default increasingly seen by IMF as controllable

Bloomberg: Louisiana State Cancels Muni-Bond Deal After Talk of Insolvency

FactSet Insight: For Q1, More than Half of S&P 500 Companies Have Reported Sales Below Estimates to Date

The Bond Buyer: PREPA Calls Bondholders’ Plan Overly Optimistic

Debtwire/Forbes: Family Christian Seeks New Path After Failed Attempt at Redemption

Bloomberg: How Two Debt Investors Scored Big in Fortescue’s Junk-Bond Deal

Dayton Business Journal: Standard Register to leave big hole in Dayton community if it leaves

Fashionista: Do Department Stores Have a Future?

TakePart: McDonald’s Closes Hundreds of Stores as Worldwide Sales Continue to Plummet

Bloomberg: Salus Capital CEO Said to Leave Firm Following RadioShack Losses

Debtwire: City of Branson’s Riverside Development to Draw on Reserve Fund

Bloomberg: It Already Looks Like This Quarter Will Be an Economic Disappointment

Commercial Bankruptcy Alternatives: 90 Second Lesson – Is Bankruptcy Needed if Creditors Will Just Agree to Take Less?

AlixPartners: Creatively Overcoming Disruption

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