Bankruptcy & Restructuring News Headlines for Wednesday Dec 8, 2021

Here's what we are reading this morning:

Sacklers, States Duel Over Purdue Pharma’s Prebankruptcy Payouts: A federal judge will weigh competing portrayals of the more than $10 billion paid to Purdue Pharma’s wealthy family owners before the company filed bankruptcy

China Evergrande Heads Toward Default as It Misses Payment Deadline - WSJ: The failure to make payments due on some U.S. dollar bonds Monday, according to people familiar with the matter, potentially sets the stage for a massive default and one of the China’s biggest debt restructurings.

Bankruptcies on Pace to Hit 36-Year Low Amid Pandemic Relief: Chapter 11 bankruptcies this year are on track to hit the lowest yearly total in nearly 40 years, according to new data.

Kaisa Bondholders Said to Propose Forbearance to Avoid Default: The Chinese developer that became the nation’s first to default on dollar bonds back in 2015 may have caught a break to avoid doing so again, at least for now

Houston Senior Living Community Bellaire Files for Bankruptcy: Bellaire Senior Living Center LP in Houston filed for Chapter 11 bankruptcy on Monday, listing assets of as much as $100 million and liabilities of less than $50 million.

Bet on It: 37% of Desks Will Be Empty: The people have spoken -- working from home is a priority, even post-pandemic. Are you prepared to handle this new will of the workforce?

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