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Bankruptcy & Restructuring News Headlines for Wednesday Jun 10, 2020

June 10, 2020

Here's what we are reading this morning:

California Resources Is Preparing Near-Term Bankruptcy Filing - WSJ

Bankrupt Retailers Stand to Pocket Millions From Unused Gift Cards - WSJ

American Dream Leaves Clan Behind Mall Empire Mired in Debt - Bloomberg

U.S. Job Market Rapidly Healing in June, Fed Researchers Say - Bloomberg

Signet Jewelers "will not reopen at least 150 North America stores and 80 UK stores. Further, Signet is committed to closing at least an additional 150 stores by the end of the fiscal year"

Ares Says Risk of Distress for Small Business Is Underestimated - Bloomberg

Shoppers Surprise Retailers by Returning to Stores - WSJ

Serta Simmons Proposes $400 Million Debt-Cutting Deal - WSJ




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