Bankruptcy & Restructuring News Headlines for Friday Apr 21, 2023

Here's what we are reading this morning:

U.S. Lets Bankrupt Voyager Sell User Accounts to Binance.US: The U.S. government will continue appealing aspects of Voyager’s chapter 11 plan, the first to become effective after a wave of crypto bankruptcies last year.

Highland Park files for bankruptcy in attempt to resolve $24 million GLWA bill: According to the GLWA, the city has paid less than one percent of its water bills since 2012.

J&J Wins New, Temporary Shield Against Trials in Talc Bankruptcy: A bankruptcy judge has again shielded Johnson & Johnson from jury trials in roughly 40,000 pending talc-related lawsuits, advancing the company’s second attempt to resolve mass cancer claims through the chapter 11 system.

SL Green says decline in office occupancy is accelerating | Crain's New York Business: Demand for workspace continues to erode even as crowds return to the city’s hotels, theaters and restaurants

As SPAC Boom Subsides, Some De-SPACed Companies Seek Chapter 11 Protection | Insights | Skadden, Arps, Slate, Meagher & Flom LLP: A number of businesses that went public by merging with SPACs have had difficulty raising additional capital. Some have chosen to seek Chapter 11 protection to restructure their debt and preserve themselves as going concerns.

Branson's Virgin Orbit files Chapter 11 bankruptcy plan | Reuters: Richard Branson's Virgin Orbit Holdings Inc and its subsidiaries in the United States filed a Chapter 11 bankruptcy plan with the U.S. Bankruptcy Court for the District of Delaware, the company said in a statement on Wednesday.

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