Bankruptcy & Restructuring News Headlines for Tuesday Jan 11, 2022

Here's what we are reading this morning:

‘Bankruptcy has to be on the table’: Receiver says police pension spiking threatens to sink Chester - WHYY: The office of the state-appointed receiver tasked with rescuing the fiscally distressed city of Chester is raising new concerns about the nearly depleted police pension fund, which has less than four months of benefits left.

Restaurants Seek Federal Aid as Omicron Surge Threatens Another Hard Winter - WSJ: Small operators are lobbying Congress for fresh funding as renewed Covid-19 restrictions, supply challenges and staffing shortages lead to continuing high costs and debt.

Supreme Court to Decide If Bankruptcy Fee Hike Constitutional: The U.S. Supreme Court will decide whether a temporary disparity in government fees charged to companies in Chapter 11 bankruptcy violates the Constitution.

Mattress Firm files for IPO | Retail Dive: Around three years after filing for bankruptcy, the retailer is eyeing the public markets with growing losses and $1.2 billion in long-term debt.

SEC Pushes for More Transparency From Private Companies - WSJ: “Unicorn” firms have a huge impact and “absolutely no visibility” for regulators, says SEC Commissioner Allison Lee.

Business disruptions leading CEOs to ‘feel their jobs are in jeopardy,’ AlixPartners CEO explains: "Of all those 3,000 CEOs that we interviewed around the world for this study, 94% of them felt that their business models would have to fundamentally change in the next three years for them to remain relevant in their markets, and 57% of them felt they weren't making swift enough progress"

Retail Viewpoint: What shape will retail take in 2022? | AlixPartners: It’s up to the companies to meet the Me-centric consumers where they are, not the other way around. Otherwise, consumers will take their dollars elsewhere.

Sonoma County bans large gatherings, advises residents to shelter in place for next 30 days: Staring Wednesday, large gatherings will be banned in Sonoma County, California

Fed Vice Chairman Richard Clarida to Resign - WSJ: Federal Reserve Vice Chairman Richard Clarida said he would resign from the central bank on Friday. The resignation follows questions raised over financial transactions he conducted at the onset of the pandemic.

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