Bankruptcy & Restructuring News Headlines for Tuesday Mar 22, 2022

Here's what we are reading this morning:

Boy Scouts Bankruptcy Plan Wins Catholic Group Support - WSJ: Boy Scouts of America won support for its sex-abuse compensation plan from a group of Catholic dioceses, leaving a consortium of insurers as a final major holdout to its proposed chapter 11 reorganization to end its bankruptcy.

Roman Abramovich Ties Leave Russian Firm's Coupon Payment In Limbo - Bloomberg: A new kind of technical default looms: Russia steelmaker says it handed over the cash to pay bondholders but Western banks aren't willing to distribute it, citing sanctions

China Evergrande Halts Trading in Its Stocks - WSJ: Shares of the heavily indebted property developer and two units were suspended from trading pending the release of inside information.

Oakland vegan burger spot Malibu’s files Ch. 11. The owner blames a financing package - San Francisco Business Times: The founder and co-owner claims he believed he was taking an $85,000 loan last year, but the deal was actually a receivables purchase agreement.

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