Bankruptcy & Restructuring News Headlines for Tuesday Jan 25, 2022

Here's what we are reading this morning:

Center for COVID Control office searched by FBI: The company and its main lab, which has been reimbursed more than $124 million from the federal government for coronavirus testing, are under investigation by state and federal officials.

New York’s Beleaguered Hotel Industry Braces for Even More Hotels - WSJ: Fifty-three hotels are scheduled to add an estimated 9,000 rooms to the New York City market in 2022, putting the city on track for the nation’s second-highest growth rate among the 50 biggest markets.

Bankruptcy of Healthcare Manager Aliera Is Kept in Delaware Against Its Wishes: The administrator of defunct medical-cost-sharing group Sharity Ministries fails to keep its chapter 11 case in Georgia.

How Bad Are Things in China’s Property Market? - WSJ: Government curbs on borrowing in China’s property sector have triggered uncertainty for many market participants. Here’s where the market stands as 2022 gets under way.

Sears gets smaller with Florida store closure | Retail Dive: Liquidation firm SB360, which has worked with Transformco on Sears and Kmart closures, included a Sears store in a Philadelphia suburb on a list of ongoing closures. The store is the last full-line Sears department store in Pennsylvania.

Dunn Paper’s Lenders Seek Help Ahead of August Debt Maturity: Lenders to Dunn Paper have brought in Berkeley Research Group to help tackle upcoming debt maturities after the specialty papermaker breached some terms of its loans.

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