Bankruptcy & Restructuring News Headlines for Friday Aug 4, 2023

Here's what we are reading this morning:

Airbnb reports continued deceleration in nights and experiences booked: Airbnb said that nights and experiences booked grew 11%, missing estimates. But the number improved in June in comparison with April, the company said.

Westside Ditches $102M Purchase Of Banyan Cay Resort: The troubled saga of Banyan Cay Resort and Golf Club hit another bump, with Westside Investment Partners backing out of its $102M purchase.

Terra Property Trust Defaults on Santa Monica Office Loan: Loan for $28.3 million tied to leasehold interest in property at 1733 Ocean Avenue.

BlockFi’s Chapter 11 plan progresses with conditional court approval: BlockFi’s reorganization progresses with disclosure statement approval from the U.S. bankruptcy court.

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