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Bankruptcy & Restructuring News Headlines for Wednesday May 13, 2020

May 13, 2020

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




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