Bankruptcy & Restructuring News Headlines for Monday Mar 28, 2022

Here's what we are reading this morning:

Small Trucking Companies Are Getting Squeezed by Soaring Diesel Prices - WSJ: Fuel costs have spiked at an unprecedented pace following Russia’s invasion of Ukraine, posing a challenge for freight haulers operating on tight margins and light capital.

Russia High-Wire Act to Avoid Default Looks Increasingly Fraught: Some payments arrived on time. Others hit several days late. And an increasing number are getting stuck in a web of financial intermediaries that are struggling to comply with international sanctions against Russian President Vladimir Putin and his allies.

AMC’s Hycroft Deal Triggers Meme-Stock Gold Rush: The gold-mining company has raised roughly $140 million from stock sales since AMC said it was buying a stake

Puerto Rico’s Plan of Adjustment ‘Goes Effective’ | Cadwalader, Wickersham & Taft LLP: On March 15, 2022, the Financial Oversight and Management Board for Puerto Rico announced that the Plan of Adjustment for the Commonwealth of Puerto Rico became effective, more than four years after Puerto Rico commenced restructuring proceedings under Title III of the Puerto Rico Oversight, Management and Economic Stability Act

Home sales fall in February ahead of key spring selling season: Setting a soft tone for the usually busy spring season, pending home sales, which measure signed contracts on existing homes, fell 4.1% in February compared with January. This is the fourth straight month of declines in pending sales, which are an indicator of future closings, one to two months out.

Coastal home buyers are ignoring rising flood risks, despite clear warnings and rising insurance premiums: To understand why people are ignoring a risk that could lead to expensive damage and eventually lower their property value, we talked to hundreds of Florida real estate agents about their clients’ motivations and concerns. Here’s what we learned.

Lenders Seizing Chicago Loop Buildings: Lenders are taking control of two big office buildings in the Chicago Loop that were struggling before the pandemic and have fallen further behind on their loans since.

Archdiocese of Santa Fe in second legal battle — this one with insurers : A running battle with insurers may prolong a resolution to the Archdiocese of Santa Fe’s clergy sex abuse bankruptcy case.

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