U.S. Mattress Maker Serta Simmons Files for Bankruptcy Protection | Reuters -
Serta Simmons Bedding, one of America’s largest bedding companies by market share, has filed for Chapter 11 bankruptcy this week with the U.S....more
Bed Bath & Beyond Shares Plummet After Company Warns of Potential Bankruptcy | CNBC On Thursday, Bed Bath & Beyond warned the public of a potential bankruptcy, sending the company’s shares into a 25% plummet. The retailer has...more
Party City Files for Chapter 11 Bankruptcy Protection | Reuters -
Party City filed for Chapter 11 bankruptcy on Tuesday, signaling the latest retailer to seek bankruptcy protection as high inflation has affected consumer...more
BlockFi Inc. and eight of its affiliates (collectively, the “Debtors”) filed the most recent crypto-related chapter 11 this past Monday, November 28, 2022, in the U.S. Bankruptcy Court for the District of New Jersey (the...more
Juul Prepares to Seek Financing for Potential Bankruptcy Process | The Wall Street Journal -
Juul Labs Inc. has begun discussions with lenders for financing that could assist the company through a potential Chapter 11...more
...S&K Take: The big-ticket item in this week’s installment of What’s News. The Third Circuit is considering the viability of the Texas Two-Step strategy. This is the decision that everyone will have their eyes on, as it will...more
Revlon Shareholders Seek Official Representation in Bankruptcy Case | Reuters -
A group of Revlon shareholders asked a bankruptcy judge to appoint an official committee to represent them, as the group feels that their...more
Below is our initial take on recent bankruptcy-related developments:
Revlon Gets Court Approval For $1.4 Billion Bankruptcy Loan | Reuters After an objection by creditors claiming that the $1.4 billion loan could be an...more
Revlon Bankruptcy Complicated by Citi’s $900 Million Error | Financial Times -
As Revlon prepares for restructuring negotiations following its bankruptcy filing last week, it faces complications with identifying its...more
6/27/2022
/ Bankruptcy Code ,
Bankruptcy Court ,
Bankruptcy Reform ,
Biden Administration ,
Chapter 11 ,
Citibank ,
Commercial Bankruptcy ,
Creditors ,
Debt Restructuring ,
Debtors ,
New Legislation ,
Retail Market ,
Revlon
Below is our initial take on recent bankruptcy-related developments: Celsius Networks, a crypto lending platform that has marketed itself as an alternative to the traditional banking model, does not offer its users any...more
6/17/2022
/ Bankruptcy Court ,
Chapter 11 ,
Chapter 7 ,
Commercial Bankruptcy ,
Consumer Bankruptcy ,
Creditors ,
Debtors ,
Electric Vehicles ,
Johnson & Johnson ,
Lenders ,
Reorganizations ,
Revlon
Key bankruptcy issues, including the propriety of third-party releases and the so-called "Texas Two-Step," as well as determination of proper case venue, have recently drawn the attention of mainstream media, the public at...more