Bankruptcy & Restructuring News Headlines for Wednesday Oct 20, 2021

Here's what we are reading this morning:

Revised Chambers Procedures Regarding Hearings Before the Hon. Christopher S. Sontchi: Effective for all hearings on and after November 1, 2021

China Evergrande Gets Soft Treatment in Chinese Media - The New York Times: Officials want to avert public panic about the property developer’s financial woes. But they also want to send a message to spendthrift corporations.

Key Evergrande deal to sell stake in unit put on hold - sources | Reuters: China Evergrande Group's deal to sell a 51% stake in its property services unit has been put on hold, two people with knowledge of the matter said, in a blow to the embattled developer's hopes of avoiding a potentially disruptive default.

Bank of France head does not expect Evergrande contagion | Reuters: Francois Villeroy de Galhau, head of the Bank of France and a member of the European Central Bank (ECB), on Tuesday played down concerns that problems for China Evergrande Group could lead to broader contagion.

Is Best Buy undermining its storybook turnaround? | Retail Dive: Layoffs and flexing in stores have taken a toll, current and former employees told Retail Dive. As one said, "You can't have good customer service when you barely have any customer service reps."

Bankruptcy Judge Agrees to Hear Brazos’ Challenge to Texas Storm Bills: A bankruptcy judge agreed to take up a challenge by Brazos Electric Power Cooperative seeking to reduce the nearly $1.9 billion it was billed by Texas’ power-grid operator during a freak winter storm, sweeping aside opposition by state power regulators.

The Economic Rebound Is Still Waiting for Workers - The New York Times: Despite school reopenings and the end of some federal aid, many people are in no rush to land a job. Savings and health concerns are playing a role.

UnitedLex, LeClairRyan founder ask judge to toss trustee's lawsuit | Reuters: A bankruptcy judge in Richmond, Virginia on Tuesday said he would "quickly" decide the fate of a lawsuit against alternative legal services provider UnitedLex Corp and Gary LeClair, the co-founder and longtime leader of defunct law firm LeClairRyan.

German cheap flight hub Frankfurt Hahn files for insolvency | Reuters: Frankfurt Hahn Airport, a German international budget flights hub, has filed for insolvency, according to a court filing published on Tuesday.

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