Bankruptcy & Restructuring News Headlines for Thursday Aug 22, 2024

Here's what we are reading this morning:

Judge calls for outside expert in New Orleans archdiocese bankruptcy case | New Orleans | The Guardian: Federal judge vows to hire adviser after attorneys’ efforts have not yet led to compensation for clergy abuse victims

Texas town's default brings downgrades to junk bond ratings | Bond Buyer: A default on debt issued by a Texas town struggling with water scarcity led to multi-notch downgrades into junk by S&P Global Ratings and heightened concern about the impact of climate change on public finance.

Harris wants to forgive medical debt for millions of Americans: People in the U.S. owe at least $220 billion in medical debt, a February KFF analysis found

FTX Sam Bankman-Fried former partner Ryan Salame seeks to void guilty plea: In May, the ex-FTX exec was sentenced to 90 months, or seven and a half years, in prison, followed by three years of supervised release. Salame has also been ordered to pay more than $6 million in forfeiture and more than $5 million in restitution





Older Post Newer Post