Bankruptcy & Restructuring News Headlines for Wednesday Nov 29, 2023

Here's what we are reading this morning:

Forced sales ahead for indebted global real estate markets -M&G: M&G Real Estate forecasts it is "a matter of time" before global property markets face greater volumes of forced selling, with banks increasingly reluctant to refinance troubled or lower quality assets at current interest rates.

Alex Jones Could Exit Bankruptcy Early Next Year   - WSJ: Sandy Hook families proposed settlement options, while Jones’s lawyers want to advance their own plan to end chapter 11 by next February.

Bidder Aims to Save Bankrupt Trucking Firm Yellow - The New York Times: The plan would put Yellow back on the road with thousands of unionized drivers, but would force the government to wait longer for a loan repayment.

Black Friday orders through Klarna jump nearly 30% | Retail Dive: As buy now, pay later purchases rise, U.S. shoppers placed 29.5% more orders via Klarna on Black Friday this year compared to last year, the installment platform said in an email to Retail Dive. 

Hawaiian Electric Refocuses Grid Plan on Wildfire Risk - WSJ: Utility says it was more concerned with other natural disasters before deadly Lahaina blaze.

Crypto Firm DCG in Deal With Genesis to End $620 Million Suit - Bloomberg: Deal requires DCG to complete Genesis payments in April 2024; DCG has been making payments but owes Genesis $324.5 million

Barretts Minerals Fights to Keep Bankruptcy Case in Texas - WSJ: Talc supplier Barretts Minerals is challenging an effort by creditors, including tort claimants, to move its chapter 11 bankruptcy case from Texas to Montana, where the business has been headquartered.

Supreme Court Grants More Time for Appeal of Case Challenging Leveraged-Loan Market - Bloomberg: The Supreme Court gave the trustee, Marc Kirschner, until Dec. 19 to seek review, according to high court’s online docket.

Older Post Newer Post