Bankruptcy & Restructuring News Headlines for Wednesday Aug 9, 2023

Here's what we are reading this morning:

Top Lazard Restructuring Banker Moves to Hilco: David Kurtz is leaving Lazard after a 21-year run at the firm.

WeWork Raises Doubt About Its Survival: WeWork on Tuesday raised doubt about its ability to stay in business as the co-working space provider faces losses and a dwindling cash pile amid major changes in the way people work.

Ex-FTX Executive Ryan Salame Talking to Prosecutors About Plea Deal - Bloomberg: Ryan Salame was the co-chief executive of FTX Digital Markets; Salame would be fourth former FTX executive to plead guilty

Audacy agrees to sell more assets, warns of possible bankruptcy if talks with creditors stall - Phoenix Business Journal: In an SEC filing, Audacy Inc. said things are “to a large extent, outside our control” with any potential debt restructuring but hinted at what direction it could go if it cannot reach such an agreement.

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