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Bankruptcy & Restructuring News Headlines for Friday Nov 15, 2019

November 15, 2019

Here's what we are reading this morning:

WeWork’s Loss Balloons to $1.25 Billion - WSJ

Oil Patch Braces for Credit Crunch as Lender Patience Wears Thin - Bloomberg

SEC’s Settlements With Some Cryptocurrency Firms Showing Cracks - WSJ

Tapstone Energy Reports Third Quarter 2019 Results, Borrowing Base Reduction & Entry into Forbearance Agreement with Lenders

Uber Hit With $650 Million Employment Tax Bill in New Jersey

Ben Eisen: "FHA mortgage portfolio continues to get riskier, per their report to Congress, out this morning. More than a quarter of insured loans had DTIs over 50%" (Chart)

Houlihan's Restaurants, Inc. Executes Asset Purchase Agreement; Sale Facilitated Through Voluntary Chapter 11; Restaurants Open and Serving Guests; Franchise Restaurants Not Included in Proceeding

Smith & Wesson Maker to Split Into Two Companies - The New York Times

Sam Zell Is Buying Distressed Oil Assets Amid Slowdown - Bloomberg

Brooks Brothers Reportedly Hires Investment Bank to Explore Options – WWD

Sears layoffs hit corporate workers amid store closings - Business Insider

Cash-Strapped Small Businesses Turn to GoFundMe - WSJ

JC Penney (JCP) reports mixed Q3 2019 earnings




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