Bankruptcy & Restructuring News Headlines for Thursday Sep 29, 2022

Here's what we are reading this morning:

Podcasters Are Buying Millions of Listeners Through Mobile-Game Ads - Bloomberg: Players in mobile games trigger downloads of shows no one may be hearing for more than seconds

Crypto Tycoon-Backed Bitdeer Debuts Fund Targeting Distressed Miners - Bloomberg: Chinese crypto billionaire Jihan Wu is setting up a $250 million fund to buy distressed assets from Bitcoin miners, as the industry reels from this year’s steep drop in digital-asset prices.

At Home downgraded as it burns through cash | Retail Dive: The retailer took on debt from a private equity acquisition last year. Then the home goods market tanked. 

The Five Largest Retail Loans That are 90+ Days Delinquent: In recent weeks, the retail sector has appeared to be standing on an uncertain footing, with news of store closures, layoffs, and subdued earnings casting doubts on a property type that was thought to have fully recovered from the lows of the pandemic.

Cineplex Seeks to Revive Regal Merger After Cineworld Bankruptcy - WSJ: Canadian movie theater chain Cineplex has approached lenders to its bankrupt rival Cineworld about reviving a potential merger with the U.K. company’s Regal Entertainment franchise, according to people familiar with the matter.

Transcript: WSJ Interview With Neel Kashkari and Lawrence Summers - WSJ: Minneapolis Fed President Neel Kashkari discussed inflation, the economy and interest-rate increases in an interview.

U.S. Attorney Announces Total Distributions Of Over $4 Billion To Victims Of Madoff Ponzi Scheme | USAO-SDNY | Department of Justice: Today’s additional payments of $372 million represents the eighth in a series of distributions that will leave victims with compensation for more than 88 percent of their losses

Celsius Official Committee of Unsecured Creditors Town Hall Recording: The Celsius Official Committee of Unsecured Creditors held a town hall on Twitter Spaces on Sept. 28th

Amendment to Subchapter V of Chapter 11 Clarifies Affiliates' Eligibility for Streamlined Restructuring Process | ArentFox Schiff: The Bankruptcy Corrections Act clarifies that subsidiaries and affiliates may be eligible for Subchapter V, effectively abrogating caselaw holdings to the contrary.

A Third of the UK’s Safest Bonds Are Giving Off Distress Signals - Bloomberg: It’s a sign of just how troubled a market is when the price of roughly a third of the safest sterling corporate bonds drops into distressed territory, compared to just one at the end of last year.

Older Post Newer Post