Bankruptcy & Restructuring News Headlines for Thursday Dec 1, 2022

Here's what we are reading this morning:

Reverse Mortgage Funding Files Chapter 11 Bankruptcy – NMP: A day after laying off 80% of its staff — about 400 people — Reverse Mortgage Funding LLC filed for protection from creditors in federal bankruptcy court.

Sam Bankman-Fried Denies Knowing Scale of Bad Alameda Bets - WSJ: Sam Bankman-Fried said that he didn’t intend to commit any fraud or use customer funds to back leveraged bets that went wrong at Alameda Research, a crypto hedge fund attached to FTX that pushed the exchange to bankruptcy.

Venator Materials Term Loan Lenders Working For Debt Talks - Reorg: Venator Materials’ $355m term loan are working with Davis Polk & Wardwell as legal advisor and Houlihan Lokey as financial advisor.

The Block: Broker-dealer INX makes bid for Voyager's assets: INX joins other industry players such as CrossTower, Wave Financial and Binance.US in the bidding process.

Chemical Firm TPC Approved to Exit Bankruptcy Under New Owners: Chemical maker TPC Group Inc. won court approval of a bankruptcy-exit plan that gives ownership to bondholders including investment funds managed by Strategic Value Partners, PGIM and Redwood Capital Management.

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