Bankruptcy & Restructuring News Headlines for Monday Apr 4, 2022

Here's what we are reading this morning:

Chicago Ridge Mall loan trouble ahead | Crain's Chicago Business: The $80 million mortgage on Chicago Ridge Mall has been transferred to a so-called special servicer, a warning sign that a potential default is on the horizon.

Ugly Drinks seems to have quietly shuttered operations: Sparkling water brand Ugly Drinks appears to have shuttered operations over the past few months.

Incora Recapitalization Averts Default Risk at Some Bondholders’ Expense: Aircraft parts distributor Incora’s deal to raise fresh capital from bondholders led by Silver Point Capital weakens the claims of other creditors, while also reducing the chances of a chapter 11 filing in the near term, according to people familiar with the matter.

JCPenney’s CEO Is Done Chasing New Customers. ‘We Are Loving Those Who Love Us.’ - WSJ: Marc Rosen wants to revive the 120-year-old retailer with a renewed focus on the chain’s most loyal, budget-conscious buyers.

Official Bankruptcy Forms Revised To Reflect April 1, 2022 Dollar Amount Adjustments Now In Effect | Cooley LLP: Various dollar amounts in the Bankruptcy Code and related statutory provisions were increased for cases filed on or after April 1, 2022.

U.S. March Jobs Report Shows Strong Hiring Momentum - WSJ: U.S. job growth continued at a robust pace in March while the unemployment rate fell, signs the labor market is booming as the Covid-19 pandemic recedes and more workers return to the labor force.

How many people are really working from home? Who are the remote workers? - The New York Times: Just under 19 percent of people with at least a bachelor’s degree worked remotely at some point last month because of Covid, compared with 3 percent of high school graduates who didn’t go to college, and just over 1 percent of those with less than a high school diploma.

Stock Exchange Suspends Chinese Developers for Missing Annual Results Deadlines - WSJ: Several large Chinese property stocks stopped as part of a wave of share suspensions for Hong Kong-listed companies that couldn’t publish annual results on time.

Less than a year after IPO, Digital Brands warns it could file bankruptcy | Retail Dive: The DTC company is looking to grow sales and its brand stable, but losses have expanded and it has warned it could suffer without sufficient capital. 

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