Bankruptcy & Restructuring News Headlines for Friday Jun 7, 2024

Here's what we are reading this morning:

SDNY Adopts Guidelines for Combined Hearing on Disclosure Statement Approval and Chapter 11 Plan Confirmation | Insights | Skadden, Arps, Slate, Meagher & Flom LLP: Though advisory, the guidelines provide bankruptcy practitioners with important guidance on when bankruptcy courts in the SDNY will allow: (i) combined disclosure statements and Chapter 11 plans, (ii) conditional approval of disclosure statements and (iii) joint hearings for final disclosure statement approval and plan confirmation

Byju’s Lenders Seek to Put Three Children’s Businesses Into Bankruptcy - WSJ: Involuntary petitions filed by creditors said that money has been siphoned from Epic Creations, Tynker and Osmo

Alamo Drafthouse closes 5 North Texas locations | All five Alamo Drafthouse Cinema locations in North Texas have closed as its franchise partners say six franchised locations operated by it filed for Chapter 7 bankruptcy, the Texas-based theater chain announced Thursday

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