Bankruptcy & Restructuring News Headlines for Wednesday Apr 27, 2022

Here's what we are reading this morning:

Twitter Buyout Debt to Trigger Downgrades, Analysts Say: Elon Musk’s takeover plan for Twitter Inc. entails piling at least $13 billion of new loans onto the social-media company’s balance sheet, which would drop its credit rating deeper into junk territory, according to analyst reports.

Judge Questions Basis for American Apparel Founder’s Bankruptcy: A bankruptcy judge said Dov Charney filed for chapter 11 to thwart a hedge-fund manager’s $30 million collection effort.

States Challenge Coin Dealer’s ‘Preemptive’ Bankruptcy Filing: Officials from 24 states allege Lear Capital filed for bankruptcy to evade government investigations into its business practices.

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