Bankruptcy & Restructuring News Headlines for Friday Jul 28, 2023

Here's what we are reading this morning:

Womble Expands Bankruptcy Footprint Into New York With Partner Trio | Womble Bond Dickinson: Womble Bond Dickinson announced today that Edward Schnitzer, David Banker, and Wojciech Jung have joined the Capital Markets practice and Bankruptcy team in New York. Schnitzer and Banker join the firm from Montgomery McCracken; Jung joins from Lowenstein Sandler.

Overstock revenue falls 20% ahead of Bed Bath & Beyond rebrand | Retail Dive: CEO Jonathan Johnson said the company is on track to relaunch in the U.S. next month, and in-app promotions will replace the retailer’s iconic blue coupons.

US commercial property delinquencies rise further in July, report says | Reuters: Nearly $12 billon of loans in U.S. commercial mortgage-backed securities (CMBS) became newly delinquent, pushing the late payment rate up by 34 basis points from June to 3.93%, a report by credit rating agency KBRA said on Wednesday.

Immersive Van Gogh Exhibit Owner, Lighthouse Immersive, Files for Bankruptcy - Bloomberg: Lighthouse Immersive Inc., the company behind an interactive Vincent van Gogh exhibition displayed across the US, has filed for bankruptcy. The Toronto-based company filed for Chapter 15 bankruptcy in Delaware on Thursday alongside affiliates

Influencers Built Up This Wellness Startup—Until They Started Getting Sick - Bloomberg: Inside the fiasco that turned Daily Harvest, a vegan food company backed by celebs including Gwyneth Paltrow, into a cautionary tale.

FTX, Genesis seek to settle dispute in bankruptcy cases | The Block: Bankrupt FTX Trading and Genesis Global Holdco have reached an agreement in principle to settle a dispute surrounding their bankruptcy protection cases, their lawyers said.

Voyager Aviation Holdings Reaches Sale Agreement with Azorra | Business Wire: To execute an efficient and value-maximizing sale, VAH has filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code. The Company is entering Chapter 11 with a sale agreement with Azorra, a Chapter 11 plan and the support of key financial stakeholders to sell substantially all of VAH’s assets and transition its employees and lease agreements to Azorra, as documented in a restructuring support agreement.

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