Bankruptcy & Restructuring News Headlines for Tuesday Dec 21, 2021

Here's what we are reading this morning:

Shopping on final Saturday before Christmas down 26% from pre-Covid: Traffic to retail stores fell 26.3% on Saturday compared with the Saturday before Christmas in 2019, according to preliminary data from Sensormatic Solutions.

Eagle Hospitality Units’ Plan to Liquidate in Bankruptcy Approved: Eagle Hospitality Real Estate Investment Trust’s bankrupt U.S. units won court approval of their liquidation plan, allowing unsecured creditors to recover more than 55% of their claims.

Nordstrom (JWN) Taps Adviser for Potential Spinoff of Its Rack Business - Bloomberg: Nordstrom Inc. is consulting with AlixPartners to review options for its off-price Nordstrom Rack business, according to people with knowledge of the situation.

Chinese Developer Kaisa Follows Evergrande Into Restructuring Talks - WSJ: Kaisa said it had failed to make several payments on dollar bonds as planned, and is talking to creditors about a wide-ranging restructuring plan.

Archdiocese battles to raise enough money to settle with abuse victims | The Archdiocese of Santa Fe’s Chapter 11 bankruptcy efforts have plodded along for three years with no end visible in the case involving more than 400 clergy abuse victims.

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