Bankruptcy & Restructuring News Headlines for Wednesday Aug 30, 2023

Here's what we are reading this morning:

Furniture store Mitchell Gold + Bob Williams is shutting down | CNN Business: Mitchell Gold + Bob Williams, which grew from a small North Carolina-based upholstery maker to a national retail furniture chain, is shuttering operations, citing weak sales and trouble securing financing.

Genesis, DCG reach in-principle deal with creditors - court filing | Reuters: The plan could lead to a recovery of about 70%-90% in U.S. dollar equivalent for unsecured creditors and about 65%-90% recovery on an in-kind basis depending on the denomination of the digital assets, according to the filing in the U.S. bankruptcy court in the Southern District Of New York.

University of Oregon’s Hometown Eugene Poised to Lose Only Hospital - Bloomberg: Oregon’s third-largest city is about to lose its only hospital, illustrating the fallout of pressured health-care systems across the country.

Farmers Insurance says it is cutting 2,400 jobs in bid to ensure long-term profitability | AP News: Farmers Insurance says it will lay off 11% of its workforce — about 2,400 employees — as part of a corporate restructuring aimed at increasing its efficiency and long-term profitability.

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