Bankruptcy & Restructuring News Headlines for Monday Nov 1, 2021

Here's what we are reading this morning:

Order Designating Chief Bankruptcy Judge: The United States Bankruptcy Court for the Western District of Texas is pleased to announce that effective November 2, 2021, Bankruptcy Judge Craig A. Gargotta shall serve as Chief Judge of the Bankruptcy Court.

Premarket stocks: Apple sounds a $6 billion holiday season warning - CNN: What will dominate this holiday shopping season: Huge demand, as shoppers use pent-up savings to splurge, or supply chain problems leading to empty shelves and presents on back order?

GameStop COO leaves after seven months on the job - CNN: GameStop chief operating officer Jenna Owens is leaving the company seven months after joining it, the company said in a regulatory filing.

HNA-Linked 245 Park Avenue Files for Bankruptcy in Delaware - Bloomberg: Entities linked to 245 Park Avenue, a Manhattan skyscraper tied to China’s HNA Group Co., filed for Chapter 11 bankruptcy in Delaware, court papers showed.

GTT Files for Chapter 11 to Implement Prepackaged Plan: GTT Communications and certain of its direct and indirect subsidiaries have commenced prepackaged chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of New York to effectuate a deleveraging of GTT’s capital structure.

GTT Files for Chapter 11 to Implement Prepackaged Plan | Business Wire: As previously announced, on September 1, 2021, GTT entered into an RSA with key stakeholders, including holders of a majority of its secured and unsecured debt and I Squared Capital, to implement a comprehensive restructuring of the Company’s balance sheet following the sale of its infrastructure division to I Squared Capital. The sale closed on September 16, 2021.

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