Here's what we are reading this morning:
PG&E secures $5.5 billion in DIP financing to fund operations through bankruptcy - MarketWatch
Express CEO abruptly departs | Retail Dive
Mickey Drexler steps down as chairman of J. Crew | Retail Dive
Bankruptcy Management Solutions Rebrands as Stretto | Business Wire
Rural Hospitals in Greater Jeopardy in Non-Medicaid Expansion States | The Pew Charitable Trusts
Bridgewater's Dalio: The next economic downturn worries me the most
The unusually large drop in home sales has real estate agents baffled
BlueMountain Capital Management, LLC Delivers Second Open Letter to Board of Directors of PG&E Corporation (NYSE: PCG) & Board of Directors of Pacific Gas and Electric Company
How state agencies prepared for the chaos of ECA's abrupt closure | Education Dive
Statement from the office of Irving H. Picard, SIPA Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC
Second Circuit Adopts Secured Creditor Cramdown Standard Based on Market Efficiency | Insights | Skadden, Arps, Slate, Meagher & Flom LLP
Eco-Bat Owner Sues Shareholder to Keep Debt Talks on Track - WSJ
Fifth Circuit Vacates Bankruptcy Court’s Order Requiring Payment of Make-Whole Premium and Interest in Ultra Petroleum Bankruptcy | King & Spalding
Hedge Fund Managers Klarman, Dalio Warn of Recession | Fortune
'Fill or kill': the three weeks that saved Sears | Reuters
iHeartMedia Announces Confirmation of Plan of Reorganization | Business Wire
Investors in debt-laden companies face messy workouts | Financial Times
Judiciary Has Funds to Operate Through Jan. 31 | United States Courts
Risk Rises in Municipal Bonds - WSJ
Maremont Corporation, a Meritor, Inc. Non-Operating Subsidiary, Files for Chapter 11 to Implement Its Joint Pre-Packaged Plan of Reorganization and Permanently Resolve Asbestos Claims