Bankruptcy & Restructuring News Headlines for Thursday Feb 20, 2025

Here's what we are reading this morning:

Forever 21 talking to liquidators, mulling second bankruptcy: Forever 21 has been in talks with liquidators, a sign that it’s struggling to find a buyer for its business as it considers a second bankruptcy filing, people familiar with the matter told CNBC

Risky Business: Distressed Companies and Payments in the Shadow of Bankruptcy | Ward and Smith, P.A. : The Bankruptcy Code frowns upon a debtor who, while insolvent, pays some creditors but not others in the run-up to bankruptcy – whether voluntarily or due to pressure

Nikola files for Chapter 11 bankruptcy - Phoenix Business Journal: Nikola Corp. has filed for Chapter 11 bankruptcy protection after the Phoenix-based electric truck maker faced challenges with raising enough capital to remain afloat

EV Maker Nikola Files for Chapter 11 Bankruptcy - WSJ: The much-hyped electric vehicle maker plans to wind down its operations in bankruptcy





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