Roti declares Chapter 11 bankruptcy: The Chicago-based fast-casual Mediterranean chain, which has been closing locations in recent years, says it will use the process to find new investors or a buyer
Struggling BurgerFi hires a chief restructuring officer: Jeremy Rosenthal, a partner in Force Ten Partners LLC, was appointed by the board on Aug. 14 as CRO, according to a filing with the U.S. Securities and Exchange Commission
Huntsville YMCA filing for bankruptcy protection: “A large mortgage note, signed more than a decade ago, is coming due,” The YMCA said. “This will deplete cash reserves, which has been noted by the Y’s auditor as a going concern.” Heart of the Valley said membership has also dropped since the pandemic, with nearly 30 percent fewer members now than in 2019. The organization said maintenance and repair needs and costs are also increasing.
Electric Car Co. Fisker Promises Ch. 11 Plan In A Week's Time - Law360: A Delaware bankruptcy judge Friday gave defunct electric-vehicle maker Fisker Inc. permission to enter into a deal with its lenders that will see it file a Chapter 11 plan by the end of August and seek court approval for the plan in just over a month.
B. Riley Founder Informally Offers to Buy Embattled Company: Bryant Riley, the co-founder and largest shareholder of B. Riley Financial Inc., informally offered to buy the shares of the embattled investment firm he doesn’t already own
Hong Kong Builder Yuzhou Files for Bankruptcy in U.S. - WSJ: The developer says it has a deal with bondholders and lenders to restructure roughly $6.7 billion in debt, according to a court filing
U.S. Trustee objects to FTX plan, says creditors shouldn't pay for data breach | The Block: Vara also takes issue with the distribution scheme's unequal treatment of creditors by claim size
Holders of Argentine Sovereign Bonds Win $310 Million Recovery - WSJ: Court says Argentina’s use of funds for commercial purposes essentially waived sovereign immunity
