Bankruptcy & Restructuring News Headlines for Thursday Oct 21, 2021

Here's what we are reading this morning:

Salt Lake Potash Declares Itself Insolvent - MarketWatch: Salt Lake Potash Ltd. said Wednesday that the company is insolvent or likely to become so in the future. The Australia-focused fertilizers company has appointed administrators, receivers and managers to market the company and its assets for sale and recapitalization.

‘South Park’ Creators Face Rival Bankruptcy Bid for Casa Bonita - WSJ: An enthusiast of the restaurant and family entertainment center says he can do better than the $3.1 million offer from Trey Parker and Matt Stone.

Elizabeth Warren Floats Expanded Powers for Bankruptcy Creditors Against Private Equity: Sen. Elizabeth Warren has proposed a new measure that would empower creditors in chapter 11 cases to pursue allegations of self-dealing by private-equity owners, rights that currently lie with corporate directors selected by those investment firms.

Rockdale Marcellus sues to set aside gas-gathering agreement with UGI - Pittsburgh Business Times: Rockdale Marcellus, based in Canonsburg and producing gas in northeastern Pennsylvania, filed for Chapter 11 in September.

Princeton Club of NYC on life support after defaulting on mortgage | Crain's New York Business: Lender Sterling National Bank has enlisted Newmark Group to sell the club's note by the end of November

California’s Last Remaining Kmart To Close Before Christmas – CBS Sacramento: California's only remaining Kmart store will be closing during the holiday season. 

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