Bankruptcy & Restructuring News Headlines for Friday Jul 2, 2021

Here's what we are reading this morning:

Infighting and Poor Planning Leave Condo Sites in Disrepair - The New York Times: Under pressure to keep costs down, many condo boards around the country have little money set aside for big repairs like the ones needed in Surfside, Fla. Some are looking to force a change.

Texas-based Dave & Buster’s dodges bankruptcy reorganization with new recovery plan | Flavor: After the pandemic nearly forced it into Chapter 11 bankruptcy reorganization last fall, Texas-based Dave & Buster’s is hoping a new business plan can put it on the path to a comeback.

Drought’s Toll on U.S. Agriculture Points to Even-Higher Food Prices - WSJ: Depleted snowmelt and dry weather have darkened the outlook for crops and could push already-inflated food costs higher.

Liquidators’ Listings, Prices Spike on More Covid Bankruptcies: Liquidators and auctioneers saw a booming business during the Covid-19 pandemic even as other companies faced financial distress.

Manhattan’s Office Availability in Q2 2021 was 17%: Manhattan’s office availability remains high at 17%, further pressuring pricing

New risks compound mass-transit challenges, S&P says | Bond Buyer: Ridership displacement, remote work and online shopping exacerbate pre-pandemic challenges such as large capital plans.

Boy Scouts reach $850 million settlement with sex abuse victims | Reuters: The Boy Scouts of America has reached an $850 million settlement with groups representing tens of thousands of men with sexual abuse claims, a major step toward addressing a deluge of accusations that sent the organization into bankruptcy.

Current Reports (Form 8-K) Filed With the Securities & Exchange Commission (SEC) Regarding Material Impairments (Item 2.06) for the Week Ended Thursday Jul 1, 2021:

Older Post Newer Post