Bankruptcy & Restructuring News Headlines for Tuesday Apr 12, 2022

Here's what we are reading this morning:

Sungard Back in Bankruptcy Court After Less Than Three Years : Sungard Availability Services LP filed for bankruptcy in Texas on Monday less than three years after wrapping up a prior restructuring.

Russian Railways Ruled in Default as Sanctions Ensnarl Payments - WSJ: A credit derivatives committee said a failure-to-pay credit event had occurred on Russian Railways debt.

Battered Luckin Coffee emerges from bankruptcy proceedings | Reuters: Luckin Coffee Inc , said on Monday it had emerged from bankruptcy proceedings, two years after an accounting fraud derailed the coffee chain's business.

Sungard Files Bankruptcy for Second Time in Three Years: Sungard Availability Services, an information-technology services provider, filed for chapter 11 protection for the second time in three years to grapple with falling demand for its business-recovery services and other lingering challenges exacerbated by the Covid-19 pandemic.

Once a retail giant, Kmart nears extinction after closure | AP News: Once the Kmart in Avenel, New Jersey shutters, the number of Kmarts in the U.S. — once well over 2,000 — will be down to three in the continental U.S. and a handful of stores elsewhere, according to multiple reports

Teligent’s Chapter 11 Plan Would Pay Lender Ares $32.6 Million: Generic drug maker Teligent Inc. proposed a Chapter 11 plan to liquidate following an asset sale and pay its creditors a fraction of what they’re owed.

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