Bankruptcy & Restructuring News Headlines for Friday Aug 12, 2022

Here's what we are reading this morning:

Bankrupt Celsius’ Bitcoin Sales Need More Transparency, DOJ Says: Bankrupt crypto lender Celsius Network LLC is facing the Justice Department’s opposition to a bid to sell its mined bitcoin and other small assets.

Avaya Lenders Put Company On Notice After Earnings Report Delay (AVYA) - Bloomberg: A group of Avaya Holdings Corp. debt holders told the company’s loan agent that they intend to call a default on the telecommunications company if it fails to file its quarterly results by the end of a grace period.

Infowars Parent Says It’s Experiencing Sales ‘Surge’ Amid Ch. 11: Infowars’ parent company has asked a bankruptcy court for more flexibility in its budget amid a “surge” in product sales that the business said could climb to $450,000 per day.

Europe’s Key Rivers Fall to Critical Levels, Aggravating Energy Crunch - WSJ: Scorching temperatures have drained some of Europe’s main rivers, threatening to disrupt vital economic thoroughfares and exacerbate the continent’s energy shortage.

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