Bankruptcy & Restructuring News Headlines for Monday Jul 24, 2023

Here's what we are reading this morning:

Bed Bath & Beyond Shareholders to Recover Nothing Under Proposed Reorganization Plan: Some investors bought shares even after the company went bankrupt in April, betting on a long-shot revival.

Bankrupt Celsius to Pay More to Settle Creditors’ Misconduct Suit: Bankrupt Celsius Network LLC is proposing to pay 5% more on many account holders’ claims if they opt into a lawsuit settlement related to accusations of management misconduct.

Coinbase to fully sunset bitcoin-backed loan program for retail customers | The Block: In May, Coinbase said customers would no longer be able to take out new loans with Borrow. Now the company says loan holders have until November 20 to pay any outstanding balances or the crypto exchange will sell the bitcoin collateral to close the loans, according to an email it sent to customers that was seen by The Block.

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