Bankruptcy & Restructuring News Headlines for Monday Sep 4, 2023

Here's what we are reading this morning:

Bankruptcy ‘Most Plausible’ Outcome For Hawaiian Electric As Stock Slides And Allegations Over Maui Fire Grow, Wells Fargo Says: Shares of Hawaiian Electric tanked 75% this month as credit rating downgrades and lawsuits piled up.

Shuttered Illinois hospital files for bankruptcy: St. Margaret's Health has filed two Chapter 11 bankruptcy petitions for its Spring Valley and Peru facilities.

Alderson Broaddus University in West Virginia Files for Bankruptcy - Bloomberg: Alderson Broaddus University filed for Chapter 7 bankruptcy; West Virginia school has had financial challenges for years

Prison healthcare giant Corizon reaches tentative bankruptcy deal: Sources tell Insider the parties reached a tentative settlement of $30 million

Mercy: $162M in patient fees ‘doubtful’ to be paid | The Gazette: Given the steep value of “doubtful or uncollectable accounts,” Mercy is projecting an actual accounts-receivable value of just $27.5 million — bringing the total worth of its property, cash and cash equivalents, investments and other assets to $235.2 million.

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