Bankruptcy & Restructuring News Headlines for Tuesday Apr 5, 2022

Here's what we are reading this morning:

Gopuff laying off 3% of its global workforce | Retail Dive: The rapidly expanding company is cutting hundreds of positions as it faces sector-wide challenges and realigns as a global business.

GWG Prepares for Bankruptcy After Missing Payments to Individual Investors - WSJ: GWG Holdings, a company known for selling life-insurance bonds, is preparing to file for bankruptcy in the coming days after accounting issues and the resignation of its auditor prevented it from selling its products, according to people familiar with the matter.

Evergrande Reaches Information-Sharing, Fee Deal With Creditors - WSJ: China Evergrande Group and some of its biggest offshore creditors have reached agreement on moving restructuring talks forward, a move that will help stave off their threats of taking over the company’s offshore businesses after $2 billion in offshore cash was seized by banks, according to people familiar with the matter.

Centerra Reaches Deal With Kyrgyz Goverment Over Gold Mine: Centerra Gold Inc. has agreed to give up all ownership rights to a gold mine that was seized by the government of Kyrgyzstan last year, according to a statement.

MD Helicopters Can Tap $60 Million Loan Ahead of Bankruptcy Sale: A bankruptcy judge disagreed that the loan from Bardin Hill and MB Global wasn’t needed and said nothing is stopping former CEO Lynn Tilton from offering a competing loan on superior terms.

"Great Resignation" Quits Rate Is Not Unprecedented in U.S.: Fed Study - Bloomberg: High levels of workers quitting their jobs -- dubbed the “Great Resignation” -- may not be that rare after all, according to the latest Economic Letter from the Federal Reserve Bank of San Francisco

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