Bankruptcy & Restructuring News Headlines for Tuesday Feb 8, 2022

Here's what we are reading this morning:

Manhattan Offices Space Becomes Story of Old vs. New Buildings - Bloomberg: Glassy skyscrapers that have popped up in recent years are luring companies seeking new space and preparing for the hybrid-work era, a sign of New York’s revival from the depths of the pandemic. Left behind are countless older buildings that haven’t been modernized in the past decade, presenting a costly problem for landlords.

Record low number of consumers say now is a good time to buy a home: A monthly survey from Fannie Mae showed home purchase sentiment in January fell to its lowest level since May 2020, at the start of the pandemic.

Platinum Equity’s Aerospace Supplier Incora Taps Restructuring Advisers for $2 Billion Debt Load - WSJ: The distributor of airplane parts owned by Platinum Equity LLC has hired restructuring advisers as it contends with a cash crunch brought on by low demand in the aerospace sector as a result of the ongoing pandemic, according to people familiar with the matter.

Law Professors' Letter to Senate Judiciary Committee re LTL Bankruptcy Cases: The signatories to this Letter are Kenneth Ayotte (University of California Berkeley Law), Susan Block-Lieb (Fordham University School of Law), Diane Lourdes Dick (Seattle University School of Law), Jared A. Ellias (University of California Hastings College of the Law), Bruce Markell (Northwestern University Pritzker School of Law), Robert Rasmussen (University of Southern California Gould School of Law) and Yesha Yadav (Vanderbilt University Law School)

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