Bankruptcy & Restructuring News Headlines for Thursday Mar 10, 2022

Here's what we are reading this morning:

Art Van Furniture Trustee Seeks $105M From Founder's Family - Law360: The liquidating trustee of Art Van Furniture has filed a suit in Delaware bankruptcy court accusing the furniture retailer's founder and his children of sending the company into insolvency by stripping it of more than $105 million in assets.

Heartland Hospitals in U.S. Near Bankruptcy With 800 Close to Failure - Bloomberg: Pummeled by the pandemic, at least 40% of rural U.S. hospitals are in danger of shutting down and leaving millions of people in smaller and less affluent communities without a nearby emergency and critical care facility.

Rockall Energy Files for Bankruptcy, Plans to Sell Assets: Oil and natural gas explorer Rockall Energy Holdings LLC filed for bankruptcy on Wednesday with plans to sell its assets, court papers show.

Lenders File Rival Plan for HNA Group’s Park Avenue Skyscraper: Lenders backing a prestigious New York office tower owned by China’s HNA Group Co. asked a judge for permission to pursue a competing plan to bring the Park Avenue skyscraper out of bankruptcy.

Puerto Rico judge directs quick action for PREPA | Bond Buyer: Judge Laura Taylor Swain says the termination of the PREPA deal could be a "major setback" to adjusting the authority's liabilities.

U.S. Employers Still Scrambling to Fill Vacancies, Report Shows - The New York Times: Openings remained high in January, the Labor Department reported, as did the number of workers quitting their jobs.

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