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Bankruptcy & Restructuring News Headlines for Wednesday Aug 28, 2019

August 28, 2019

Here's what we are reading this morning:

‘I Would Be Shocked’: $14 Billion Illinois Bond Fight a Longshot - Bloomberg

‘It’s a different economic model’: Traditional retailers face hurdles in push into resale | Modern Retail

Arcadia Reaches Agreement With U.S. Landlords Over Restructuring Plans – WWD

Farfetch Denies Reports of Plans to Acquire Barneys | Business of Fashion

Ascena disputes problems with lenders | Retail Dive

China’s Companies Have Unseen Foreign Debt That’s Maturing Fast - Bloomberg

Iceland’s Purple Planes Are Grounded, and With Them, Its Economy - The New York Times

Cadillac’s Last Stand? Storied Brand Aims (Again) for Revival - The New York Times

 For First Half of 2019, Ponzi Scheme Discoveries Remained Steady But Are Red Flags Waving? — Ponzitracker

Pets Can’t Save Struggling Food Makers - WSJ

Report: Purdue Pharma offers $10-12 billion to settle opioid claims

The US is about to send a lot more oil into an oversupplied market

Epic Companies, LLC Bankruptcy Case Summary (United States Bankruptcy Court for the Southern District of Texas Case Number 19-34752)




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