Bankruptcy & Restructuring News Headlines for Thursday Mar 2, 2023 – Chapter 11 Cases

Bankruptcy & Restructuring News Headlines for Thursday Mar 2, 2023 – Chapter 11 Cases

This is what we’re studying this morning:

A Doable, However Slender, Path for Hashish in Chapter Court docket | Brownstein Hyatt Farber Schreck: A latest U.S. chapter court docket opinion out of the Central District of California could have cracked the door open for firms previously tied to the hashish business to pursue authorized methods utilizing chapter.

Kohl’s mulls pricing modifications in turnaround reboot | Retail Dive: Kohl’s on Wednesday reported that This fall web gross sales fell 7.2% 12 months over 12 months to $5.8 billion, with comparable gross sales down 6.6%. Web loss narrowed to $273 million from $299 million a 12 months in the past.

Automotive Debt Is Piling Up as Extra Individuals Owe 1000’s Extra Than Automobiles Are Price – Bloomberg: Sellers fear report costs resulting in negative-equity surge; extra shoppers may very well be left with out vehicle-financing choices

Mortgage demand falls as rates of interest rise: Mortgage functions to buy a house dropped 6% final week in contrast with the earlier week, in line with the Mortgage Bankers Affiliation’s seasonally adjusted index. Quantity was 44% decrease than the identical week one 12 months in the past, and is now sitting at a 28-year low.

Silvergate Inventory Plunges as Financial institution Says It Could Face DOJ, Congressional and Financial institution Regulator Inquiries: The impression of those occasions may have an effect on the power for the corporate to “proceed as a going concern,” Silvergate added.

Crypto Financial institution Constitution Agency Protego Belief Lays Off Most of Its Workforce: Supply: Some staff are nonetheless in place and the agency’s operations are able to launch, however cash is an issue, stated an individual aware of the state of affairs

MLB units up native media group, may broadcast 17 groups: Main League Baseball added three executives to its new native media division because it prepares for a doable takeover of native broadcasts for 17 groups amid the monetary deterioration of the Bally and AT&T SportsNet regional sports activities networks.

NYC Ferry Operator Hornblower to Get $70 Million Liquidity Line: The operator of the New York Metropolis ferry system instructed lenders it’s getting a liquidity lifeline from its proprietor Crestview Companions, in line with folks aware of the state of affairs.

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Amer Mustafa

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