Bankruptcy & Restructuring News Headlines for Friday Aug 18, 2023

Here's what we are reading this morning:

RadioShack under new ownership again | Retail Dive: The sale to Unicomer, which took place in May, adds to questions swirling about Retail Ecommerce Ventures’ operations.

FTX and Genesis reach agreement for $175 million payment to Alameda | The Block: FTX and Genesis reached a deal to have Genesis pay $175 million to Alameda Research to “smooth the path” to confirming a bankruptcy plan. 

Buy Buy Baby, Harmon Face Value stores to reopen: The new owners of Buy Buy Baby plan to reopen 11 stores as soon as this fall while Harmon is coming back, too, after Bed Bath & Beyond's bankruptcy.

China Evergrande files for Chapter 15 bankruptcy - MarketWatch: Heavily-indebted Evergrande, which has symbolized China’s property crisis, made its filing amid growing fears that the sector’s troubles will spread to other parts of the country’s economy.

China Evergrande, Giant Developer, Files for Bankruptcy - The New York Times: The filing comes two years after the company defaulted on its debt, setting off defaults by smaller Chinese developers.

China Evergrande Group Files Chapter 15 Bankruptcy in New York: China Evergrande Group, the real estate giant whose default two years ago accelerated a broader property debt crisis in the country, sought Chapter 15 bankruptcy protection in New York on Thursday.

Fed Brings Enforcement Action Against FTX-Linked Bank Farmington - Bloomberg: Cease-and-desist order sent to bank and its holding company; lender directed to take series of actions as it winds down

Hawaiian Electric Private Placement Notes Quoted by Jefferies - Bloomberg: Jefferies quoted private placement notes at distressed levels; some holders have held calls on potential fallout, recovery

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