Big Lots working with Guggenheim to explore alternatives in bid to stave off liquidation - ION Analytics: Big Lots is working with investment bank Guggenheim to explore strategic options as the retailer comes under pressure to remain in compliance with financial covenants.
Overstock.com is back from the dead: Overstock’s integration with the Bed Bath & Beyond brand was “badly botched,” confused customers and sank sales, according to Neil Saunders, retail analyst at GlobalData
S&P Global Ratings downgrades Walgreens, citing struggles in both pharmacy and retail | Retail Dive: The drugstore retailer faces debt maturities, and the upending of some strategies introduces new uncertainties, analysts said.
A Pizza Hut franchisee battling with its franchisor files for bankruptcy: EYM Pizza, which operates 140 locations in Indiana, Illinois, Georgia, Wisconsin and Texas, filed for Chapter 11 debt protection in a handful of filings in Texas on Monday
Baltimore archdiocese bankruptcy nears critical mediation phase following last-minute deal with insurers – Baltimore Sun: The Archdiocese of Baltimore’s bankruptcy case moved closer to the critical mediation phase Monday, as attorneys for the Catholic church, its insurance carriers and a committee of sex abuse survivo…
Mt. Gox creditors start receiving bitcoin and bitcoin cash on Kraken | The Block: The payout comes after Kraken received 48,641 BTC from the Mt. Gox Rehabilitation Trustee last week to give to creditors.
BlockFi completes sale of FTX claims, prepares for final creditor distributions | The Block: Defunct crypto lender BlockFi announced the sale of its FTX claims at a “substantial premium to their face value.”
FTX Bankruptcy Claims Bolster Gains for Hedge Fund Diameter - Bloomberg: A large bet and a quirk in the bankruptcy proceedings following the chaotic collapse of Sam Bankman-Fried’s FTX crypto exchange is resulting in bumper profits for hedge fund Diameter Capital Partners.
Bankruptcy Court Applies First-of-Its-Kind Valuation Method to Estimate Cryptocurrency Claims (US) | Restructuring GlobalView: The bankruptcy court presiding over the FTX Trading bankruptcy last month issued a memorandum opinion addressing valuation of cryptocurrency-based claims and how to “calculate a reasonable discount to be applied to the Petition Date market price” for certain cryptocurrency tokens
Mobileum Takes Strategic Actions to Strengthen Balance Sheet and Position Business for Sustainable Long-Term Growth | Business Wire: Enters into Restructuring Support Agreement to eliminate $529 million of prepetition debt; files voluntary petitions for pre-packaged chapter 11 cases to implement restructuring transactions
Retailer Conn’s Files for Bankruptcy Following Sales Declines - Bloomberg: Furniture retailer Conn’s Inc. has filed for bankruptcy amid lagging sales and trouble integrating a rival chain
