Bankruptcy & Restructuring News Headlines for Tuesday Feb 9, 2021

Here's what we are reading this morning:

Once a 'stonk,' Hertz reveals dilemma companies face in Reddit frenzy | Reuters

Americans take to 'buy now, pay later' shopping during pandemic, but can they afford it? | Reuters

Malls Spent Billions on Theme Parks to Woo Shoppers. It Made Matters Worse. - WSJ

University of Chicago Law School Professors Anthony J. Casey, M. Todd Henderson, and Joshua C. Macey, "GameStop and Robinhood: What's Going On and What It Means"

SoftBank posts a quarterly profit of $11 billion to end a turbulent 12 months. - The New York Times

IWIRC Upcoming Virtual Events

More than 5% of Americans didn’t pay rent, mortgage in December due to Covid pandemic

NMHC Rent Payment Tracker Finds 88.6 Percent of Apartment Households Paid Rent as of January 20

COFINA Plan of Adjustment affirmed by 1st Circuit Court of Appeals

Valaris Bankruptcy Deal Settles Fight Between Lenders and Bondholders

CM/ECF for the Delaware Bankruptcy Court will be unavailable starting 7 am Friday 2/12 through 8 am Tuesday 2/16

Delaware Bankruptcy Court Determines that Section 546(e) “Financial Participant” Does Not Exclude Debtors, Splitting from SDNY Decision | Kramer Levin Naftalis & Frankel LLP

"Fairness and Flexibility: Understanding Corporate Bankruptcy’s Arc" by Stephen J. Lubben | University of Pennsylvania Journal of Business Law

Student Loan Giant Navient Faces Attempt to Push Its Servicing Unit Into Bankruptcy

U.S. Junk-Bond Yields Drop Below 4% for the First Time Ever - Bloomberg

NRA Examiner Motion - Credit Slips

It’s never posted an annual profit in its 11-year history; it warned last year it could go bankrupt; it’s losing market share, pulls in anemic revenue and has churned through management in recent years. The stock is up 3,000%. - Bloomberg

Catholic schools in the U.S. see a major enrollment drop during the pandemic - The New York Times

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