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]:
