Bankruptcy & Restructuring News Headlines for Friday Feb 24, 2023

Here's what we are reading this morning:

BlockFi embroiled in bankruptcy drama over customer wallets : BlockFi and its creditors are locked in a dramatic dispute over customer wallets.

Prison Healthcare Company Faces Challenge To Texas Two-Step Restructuring: A YesCare affiliate filed bankruptcy after it was made responsible for legal liabilities to creditors.

Nikola’s fourth-quarter revenue falls short as it delivers just 20 trucks: Nikola’s fourth-quarter net loss was $222.1 million, or 46 cents per share. As of Dec. 31, Nikola had $233.4 million in cash and equivalents available, down from $315.7 million at the end of September.

Carvana Reports Wider Loss as Used-Car Sales and Prices Fall: Carvana Co. reported a much wider loss than Wall Street had expected for the fourth quarter, pointing to an increasingly difficult recovery for the used-car retailer.

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