Bankruptcy & Restructuring News Headlines for Monday Apr 1, 2024

Here's what we are reading this morning:

California home insurance exodus pushes state's last-resort backup plan toward insolvency: The president of the California FAIR Plan said that one bad wildfire could overwhelm the plan’s resources.

Iconic Tupperware flags doubts about ability to continue: Tupperware Brands flagged doubts about the ability to continue as a going concern for at least a year in a filing with the SEC on Friday.

Prominent Restructuring Attorney Joins Investment Bank Gordian Group: Gordian Group, a premier restructuring investment bank, today announced that Adam Paul is joining the firm as a Senior Managing Director. Adam previously was a senior partner in the Restructuring practice of Kirkland & Ellis and the global co-chair of the Restructuring Group at Mayer Brown.

FTX bankruptcy estate aiming to begin repaying creditors by the end of 2024 | The Block: Both the Chapter 11 Debtors and the Joint Official Liquidators "have a shared goal to make the first interim distribution by the end of 2024 to creditors with admitted claims and satisfactory KYC documentation," the notes, from the meeting on Mar. 15, read. 

Older Post Newer Post