Here's what we are reading this morning:
Viewpoint: Congress Should Codify the One-Day Bankruptcy - Jonathan S. Henes (Kirkland & Ellis)
California Resources Warns It May Collapse After Oil Crash - Bloomberg
WeWork paid 80% of its rent and collected 70% from clients, CEO says
Hertz Cancels New-Car Orders as Pandemic Shuts Down Travel - Bloomberg
Steak 'n Shake closes 57 stores for good
Sustainable Restaurant Holdings Launches Restructuring and Sale Process to Ensure Continuity of Restaurant Operations and Create Path for Long-Term Success
What's Next – We asked more than 200 CEOs how their business will be transformed by the COVID-19 pandemic.
Under Armour delaying payments to some of its athletes amid coronavirus
Sundial Provides Update on Senior Lender Discussions
JC Penney in talks for $450 million loan as it eyes Friday bankruptcy filing: CNBC
Will Coronavirus Bankrupt Rural Hospitals? - YouTube