Bankruptcy & Restructuring News Headlines for Friday Aug 2, 2024

Here's what we are reading this morning:

Bankruptcy Court Rejects Attempts to Lock Up Creditor Votes in Favor of Reorganization Plan: Recent decisions in the chapter 11 airline cases of GOL, SAS and LATAM reflect a renewed focus on plan lock-up provisions by bankruptcy courts

‘Strong industry headwinds’ lead to bankruptcy for Guardian Healthcare: The company, founded in 1995, operates 23 skilled nursing facilities in Pennsylvania and West Virginia, as well as three senior living communities and an in-house pharmacy

Steward can shutter Carney, Nashoba Valley hospitals, bankruptcy judge rules - masslive.com: A federal bankruptcy judge in Texas has approved Steward Health Care’s request to shutter two of its Massachusetts hospitals by month’s end, a move that critics say will punch a critical hole in the state’s health care landscape

Trial in diocese bankruptcy case concludes - Rochester Beacon: A decision in that trial is one of the final pieces needed to fall into place before the now nearly five-year old bankruptcy can wrap up

An Edtech Giant Declares Bankruptcy. What Might It Mean for Online Higher Ed? | EdSurge News: It raises the question: Was that announcement a rebuke of the entire OPM model — or just the story of one troubled company?





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