Bankruptcy & Restructuring News Headlines for Monday Oct 18, 2021

Here's what we are reading this morning:

Evergrande crisis shines a light on China's millions of empty homes - CNN: The warning signs have been flashing for some time. Prior to Evergrande's meltdown, tens of millions of apartments were thought to be sitting empty across the country. In recent years, the problem has only gotten worse.

LTL Management: Notice of Solicitation of Parties Interested in Serving on an Official Committee of Talc Claimants: The above-named debtor and debtor-in-possession (the “Debtor”) filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code on October 14, 2021. According to papers filed in this case, the Debtor is an indirect subsidiary of Johnson & Johnson.

China's PBOC Breaks Silence on Evergrande, Saying Risks ‘Controllable’ - Bloomberg: China’s central bank broke its silence on the debt crisis at China Evergrande Group, saying risks to the financial system stemming from the developer’s struggles are “controllable” and unlikely to spread.

An Ohio Pension Manager Risks Running Out of Retirement Money. His Answer: Take More Risks. - WSJ: Pension managers, facing shortfalls, are turning to risky bets on private equity, private loans and real estate to plug gaps in their “leaking bucket.”

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