Bankruptcy & Restructuring News Headlines for Wednesday Dec 15, 2021

Here's what we are reading this morning:

Gen Zers relied on buy now, pay later during the holidays. It's time to pay up. | Retail Dive: What may be a beneficial feature to retailers poses risks to young consumers who've increasingly flocked to installment services.

Biden Won’t Extend Student Loan Relief And Confirms Student Loan Payments Restart February 1: White House Press Secretary Jen Psaki confirmed to reporters during a press briefing that the Biden administration won’t extend student loan relief — and the student loan payment pause will end January 31, 2022.

Southern District of New York Bankruptcy Judge to Retire Next Year: The United States Bankruptcy Court for the Southern District of New York announced that Judge Shelley C. Chapman has declared her intention to retire on June 6, 2022

Sears, Struggling to Sell Goods, Markets a Valuable Asset: Real Estate - The New York Times: Many former stores are being overhauled for new retailers, but developers are installing high-end apartments, cutting-edge classrooms and even labs at sites around the country.

Brooklyn Developer Yoel Goldman’s All Year Files for Bankruptcy to Continue $1.56 Billion Debt Talks: Brooklyn property developer Yoel Goldman’s All Year Holdings Ltd. filed for bankruptcy Tuesday to protect itself from potential litigation in the U.S. and Israel while continuing negotiations with creditors over $1.56 billion in debt.

Harvey, Illinois, working to meet June deadline on debt restructuring | Bond Buyer: Harvey began posting financial and bond delinquency notices this year as it tries to overcome its deep fiscal strains and past mismanagement that drew regulatory and bondholder ire.

Cineplex awarded $1.24B in Cineworld lawsuit | CTV News: Cineplex Inc. says the Ontario Superior Court of Justice has ruled in its favour in a breach of contract lawsuit against its former suitor and U.K. theatre operator Cineworld Group PLC.

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