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Bankruptcy & Restructuring News Headlines for Friday Jul 31, 2020

July 31, 2020

Here's what we are reading this morning:

U.S. Economy Contracted at Record Rate Last Quarter; Jobless Claims Rise to 1.43 Million - WSJ

Kelsey Butler (Bloomberg): "[Moody's] says there are a record 102 non-financial companies in the crossover zone b/w high grade and speculative grade"

Dunkin' could close 1,150 global locations

Offshore Driller Valaris Says Bankruptcy Filing Could Be Imminent - WSJ

U.S. Economy’s Rebound Looks Shakier After Worst Quarter Yet - Bloomberg

Mystery Deepens At ‘Ponzi Scheme-Like’ Real Estate Operation

Men’s Wearhouse Parent Said to Prepare Imminent Bankruptcy - Bloomberg

United to drop contract with ExpressJet, dealing fatal blow - Reuters

Record Low for U.S. G.D.P. as Coronavirus Takes Huge Toll - The New York Times

Denbury Resources to file for Chapter 11 with plan to eliminate $2.1 billion of bond debt - MarketWatch




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