Bankruptcy & Restructuring News Headlines for Wednesday Jun 30, 2021

Here's what we are reading this morning:

U.S. Bankruptcy Tracker: ‘Artificial’ Economy Awaits Fallout - Bloomberg: Easy-money policies and pandemic-driven government spending have created an “artificially inflated” economy that could lead to a “massive boom in restructurings,” according to Tom Lauria, global head of restructuring at law firm White & Case.

GW Bridge Bus Station Developers Replace Lead Bidder for Retail Lease: The lending arm of JMB Capital Partners has emerged as the lead bidder to take over a retail leasehold for the George Washington Bridge Bus Station in northern Manhattan, offering $43.5 million to acquire the lease from its bankrupt developers.

Neiman Marcus and The Fiduciary Duties of Creditors’ Committee Members | King & Spalding : Creditors who are members of an official committee of unsecured creditors in a bankruptcy owe fiduciary duties to other unsecured creditors and to other committee members

The ratio of US lumber orders to lumber production has declined [Chart]:

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