Bankruptcy & Restructuring News Headlines for Thursday Jun 9, 2022

Here's what we are reading this morning:

Oversight Board rejects second PREPA fiscal plan in two weeks | Bond Buyer: The board continues to struggle with the local government on fiscal matters six years after PROMESA's passage.

Mortgage demand falls to the lowest level in 22 years: Mortgage demand continues to fall as interest rates rise further and affordability in the housing market weakens.

The Potential Dark Side of a White-Hot Labor Market - The New York Times: The strong job market may be about to take a turn for the worse. That could come to haunt those who made choices based on today’s conditions.

Workout-Strap Seller TRX Files for Bankruptcy With Plans to Sell: TRX, maker of black-and-yellow fitness straps used for bodyweight exercises and sold in infomercials, filed for bankruptcy on Wednesday with plans to sell the business.

National Realty Investment Advisors Files for Bankruptcy Amid Investigations | Barron's: National Realty Investment Advisors of Secaucus, N.J., which ran ads in heavy rotation on national media, is seeking Chapter 11 protection after disclosing federal and state probes.

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