2022 Bankruptcy & Restructuring Outlook | Lowenstein Sandler LLP: Brent Weisenberg, senior counsel in the firm’s Bankruptcy & Restructuring Department, provides his outlook on what’s to come in 2022 in the bankruptcy and restructuring world. Weisenberg focuses on the long-suffering retail sector, and how pandemic conditions have contributed to distressed companies in that space.
Exiled Chinese Businessman Guo Wengui Files For U.S. Bankruptcy - WSJ: Self-proclaimed billionaire filed a chapter 11 petition after a New York judge fined him $134 million for defying court orders to pay a lender.
2021 Multifamily CMBS Delinquency Rate - Multifamily Real Estate News: The Trepp CMBS delinquency rate increased for the first time in 18 months in December 2021. After two huge increases in May and June 2020, the rate fell for 17 consecutive months. That stretch ended at the end of the year as several large office delinquencies contributed to the increase.
China courts freeze $157 million of Evergrande assets over missed construction payments: A Chinese court has ordered the freezing of 640.4 million yuan ($101 million) in assets held by a subsidiary of China Evergrande Group, according to a filing by contractor Shanghai Construction Group.
Latam Splinter Creditor Group Preps Alternative Chapter 11 Exit Deal - WSJ: An unsecured creditor group that includes Pentwater, Invictus and Avenue Capital said its deal provides better equity value than a rival group’s offer.