Bankruptcy & Restructuring News Headlines for Thursday Dec 7, 2023

Here's what we are reading this morning:

Sears is a shell of its former self. So why is it reopening some stores? | Retail Dive: “An examination of the store itself reveals scant merchandising and old tired finishes,” Egelanian said. “This indicates that the store is being operated for some tactical reason relating to the real estate"

Seattle judge accepts former Binance CEO Changpeng Zhao's guilty plea | The Block: A U.S. district judge has accepted a guilty plea from former Binance CEO CZ on charges related to anti-money laundering violations. 

Justice, Health Departments Aim to End Asbestos Center Bankruptcy: The Center for Asbestos Related Disease Inc.'s bankruptcy should be tossed because it doesn’t have funds to reorganize and it filed the case in bad faith, the federal government said.

Ex-SPAC Nogin Goes Bankrupt, Plans Sale to B. Riley Unit: Nogin Inc., provider of e-commerce services for the likes of Kenneth Cole, bebe, Scotch & Soda and other retail brands, filed bankruptcy with a plan to sell the business to a subsidiary of B. Riley Financial Inc.

Two Companies Selling N95 Masks to Shut Down - The New York Times: Two mask companies are shutting down as a once sought-after item becomes an afterthought.

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