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Cleaning House and the Dust Has Settled

Publishers Clearing House files for bankruptcy | Law360 - Publishers Clearing House filed for Chapter 11 bankruptcy and plans to reorganize its capital structure and improve its long-term growth trajectory....more

Pilgrimage to Bankruptcy and Trial Run

Dolan’s MSG Networks nears bankruptcy as cord-cutting surges | Front Office Sports - MSG Networks, the Dolan-controlled regional sports networks, face imminent bankruptcy because of $804 million in debt that is currently...more

Forever 22, Powder Room, and Initial Here

Forever 21 plans nearly 200 store closures in second bankruptcy, Bloomberg News reports | Reuters - The U.S.-based operator of clothing retail chain Forever 21 is planning to shut down at least 200 additional locations as...more

Confirmation Party and Shopping Spree

FTX creditors will make money on bankruptcy: $1.19 for every dollar | CNBC - Delaware bankruptcy Judge John Dorsey approved failed cryptocurrency exchange FTX’s reorganization plan which involves paying over $14 billion to...more

Red River Rivalry, Ethical Lapse, Containment Facility, and Affirmative Consent

J&J talc opponents decry bankruptcy as "deja vu all over again" | Reuters - Johnson & Johnson's latest bankruptcy attempt faced immediate opposition from cancer victims' attorneys. They argued that the bankruptcy was a...more

Blink and You’ll Miss It, Beauty Products Liability, Shooting for 3, and Tetherball

Blink Fitness files for Chapter 11 bankruptcy | Bloomberg - Blink Fitness, a gym chain owned by Equinox, filed for Chapter 11 bankruptcy protection in Delaware, citing assets and liabilities each ranging from $100 million...more

Building Blocks, LTL 2.0 DOA, FTX First Try, and UST Last Chance Saloon

BlockFi’s Chapter 11 plan progresses with conditional court approval | Cointelegraph - United States Bankruptcy Court for the District of New Jersey recently conditionally approved Blockfi’s disclosure statement. If the...more

Bed Bath Back in Bankruptcy Talks, Fantastic Voyage, LTL 2.0, and End of the Boy Scouts’ Road

Bed Bath & Beyond Preparing for Bankruptcy Filing Within Days | The Wall Street Journal - Speculation is growing that Bed Bath & Beyond will soon file for bankruptcy, after its latest attempts at raising funds have not...more

Run on the Banc? Avaya Pre-Packed and Ready to Go, Celsius’ Innovative Exit, and FTX Fallout

Judge indicates intention to dismiss J&J talc unit bankruptcy | Reuters - Bankruptcy Judge Michael Kaplan said this week that he intends to dismiss the bankruptcy case filed by Johnson & Johnson's subsidiary, LTL...more

Third Circuit Don’t Dance, Rising Crypto Tide Floats DIP Boat, Bed Bath and Bankruptcy, and Plan Standoff

U.S. Court Rejects J&J Bankruptcy Strategy for Thousands of Talc Lawsuits | Reuters - This week, the U.S. Court of Appeals for the Third Circuit dismissed a Chapter 11 filing by a recently created J&J subsidiary to address...more

J&J Battle Continues in Third Circuit; Not the Last Mile; Infowars Conflicts; and GTT Heads for the Exit?

...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

Crypto implosion? EV C7, the Perelman Polka, bankruptcy bellwethers?

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

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