Bankruptcy & Restructuring News Headlines for Thursday Jan 23, 2025

Here's what we are reading this morning:

Divvy Homes, Once Valued at $2 Billion, Is Sold for Half That Price - The New York Times: The company, backed by high-flying Silicon Valley investors like Andreessen Horowitz, had promised it would reinvent the rent-to-own model and make it more consumer friendly. High interest rates and mortgage rates thwarted those plans

CarePoint, Bankrupt New Jersey Hospital System, to Seek Restructuring Plan Approval - WSJ: The proposed plan opens process to competing proposals to landlord Hudson Regional Health’s takeover offer

Small Businesses Find Workaround Amid Bankruptcy Debt Limit Drop: Small businesses are revising strategies to meet a bankruptcy filing eligibility limit after a higher threshold expired last year, narrowing the pool of qualifiers for faster reorganization.

Vertex Energy, Inc. Successfully Emerges From Chapter 11 With Renewed Sustainable Capital Structure | Business Wire: Emerges from Chapter 11 as a Privately-Held Company under New Ownership

Canoo Inc. Announces Chapter 7 Bankruptcy Filing :: Canoo Inc. (GOEV): Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility and energy company, announced that it has filed a voluntary petition for relief under Chapter 7 of the U.S. Bankruptcy Code





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