Foresight Energy Default; Yum! Brands & Horsehead Holding Debt Downgrades

Bloomberg: Yum’s Bonds Cut to Junk at Standard & Poor’s on Buyback Plan

Press Release: Foresight Energy Announces Receipt of Notice of Event of Default under Revolving Credit Agreement

Moody’s: Rating Action: Moody’s downgrades Horsehead’s to Caa1; outlook negative

Center for a New Economy: As the clock ticks for Puerto Rico, what would a debt default look like without the recourse of Chapter 9 of the U.S. Bankruptcy Code?

Bloomberg: Men’s Wearhouse Plunges on Free-Fall in Jos. A. Bank’s Sales

Bloomberg: Can Jos. A. Bank Really Survive Without Excessive Discounts?

Congressional Record: Introduction of the Bankruptcy Judgeship Act of 2015 by John Conyers, Jr. (Michigan)

Credit Slips: New Saudi Restructuring Law in 2016?

TechCrunch: Kickstarter Hires Journalist To Probe Collapse Of Zano Drone Project

Bloomberg Gadfly: Northwest Bio Keeps Going South

Harvard Business Review: The Overvaluation Trap

Credit Slips: The Trust Indenture Act Rider Is Not a “Clarifying Amendment”

Bloomberg: Third Avenue Blocks Redemptions From Credit Fund Amid Losses

Weil, Gotshal & Manges: Delaware Bankruptcy Court Denies Request to Appoint an Interim Trustee During the “Gap Period” in an Involuntary Case

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