Bankruptcy & Restructuring News Headlines for Wednesday Jan 23, 2019

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

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