Bankruptcy & Restructuring News Headlines for Wednesday Aug 11, 2021

Here's what we are reading this morning:

NRF: Supply chain challenges not over as demand for back-to-school, holiday increase | Retail Dive: According to a Deloitte survey, consumers are projected to spend 16% more than last year on school supplies for K–12 students. Parents are planning to spend about $612 per student on average, Deloitte said. KPMG also reported a rise in back-to-school spending, finding that consumers expect to allocate $268 per student, a 9% bump from last year.

Stitch Fix stylists jump ship | Retail Dive: Wells Fargo analysts say a delay in the apparel site's "direct buy" option and the exodus of many employees after staffing changes are "red flags."

Bankruptcy Courts Face Congressional Backlash Over Legal Releases - WSJ: Bankruptcy courts are facing a backlash among congressional Democrats over the growing practice of authorizing legal protection to accused wrongdoers who haven’t sought chapter 11 protection themselves.

Valley News - After bailout from the state, Springfield Hospital still struggling financially: Operational expenses continue to outstrip revenues for the hospital, which exited Chapter 11 bankruptcy in December, according to the hospital’s filings with the Green Mountain Care Board.

Kinder-Backed Ruby Pipeline Hits Snag in Debt Talks: Ruby Pipeline LLC has reached an impasse with bondholders over a restructuring proposal that would allow Pembina Pipeline Corp. and Kinder Morgan Inc. to retain control of its natural-gas line that runs from Wyoming to Oregon, people familiar with the talks said.

Centerra Gold Swings to 2Q Loss After Kyrgyzstan's Seizure of Kumtor Mine - MarketWatch: The Toronto-based gold miner on Tuesday posted a net loss of $851.7 million, compared with a profit of $80.7 million in the year-ago period. It reported a loss of $2.87 a share, compared with a profit of 27 cents a share in the same period last year

The significance of the Consolidated Appropriations Act for bankruptcy trustees: "One of the more sizable amendments that will have an impact on so many businesses throughout the country is the CAA amendment to Section 547 of the Bankruptcy Code."

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