Bankruptcy & Restructuring News Headlines for Monday Jul 18, 2022

Here's what we are reading this morning:

Retail sales June 2022: Sales rose more than expected as consumers remain resilient despite inflation: Advance retail sales were expected to increase 0.9% in June, according to Dow Jones estimates.

Hertz faces lawsuit from 47 customers claiming false arrests | CNN Business: 47 Hertz customers have filed a lawsuit against the rental company that describes horror stories after they were allegedly falsely reported as having stolen its rental cars, and in some cases even jailed.

Crypto Firm Voyager Seeks to Honor Customer Withdrawals From Custodian Bank - WSJ: Cryptocurrency brokerage and lending firm Voyager Digital has asked for a bankruptcy judge’s permission to honor withdrawal requests for $350 million in cash funds held on behalf of its customers at a custodian bank, court filings show.

Analysis: Clients of crypto lender Celsius face long wait over fate of their funds | Reuters: Customers should now buckle up for a bumpy ride as they await some clarity over the fate of their money, six lawyers specializing in bankruptcies, restructuring or crypto told Reuters.

UBS Snags Goldman Managing Director to Lead US Credit Trading: UBS Group AG has tapped Andrew Goldman from Goldman Sachs Group Inc. to lead US credit trading as market volatility picks up, according to people with knowledge of the matter.

AMC may have been a meme-stock darling, but weakness in some key areas has the company on shaky ground - MarketWatch: AMC’s financial health remains a cause for concern, according to RapidRatings, a company that assesses the finances of public and private companies

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