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Investors Eye Incora Trial as a Test for Distressed Debt Deals

Distressed-debt investors will be watching a trial starting Thursday over Incora’s 2022 debt transaction that could reshape the aerospace parts distributor’s restructuring plan, WSJ Pro Bankruptcy

Brazil Carrier Gol Files for Chapter 11 Protection in the U.S.

Brazilian airline Gol said on Thursday it is filing for chapter 11 bankruptcy protection in the United States, with a $950 million financial commitment from its controlling shareholder Abra Group

Steward Health Taps Restructuring Advisers Following Worsening Financials

Steward Health Care System, the largest tenant of hospital landlord Medical Properties Trust, has engaged restructuring advisers as the healthcare provider contends with deepening financial problems

Lumen Wins More Support for Deal Pushing out Debt Maturities

Lumen Technologies garnered the support of more debtholders for an out-of-court restructuring deal that would allow the telecom company to push out maturities past 2027, WSJ Pro Bankruptcy reported

Survey: Most Americans Can’t Afford a $1,000 Emergency

A $1,000 unexpected emergency expense could derail the lives of more than half of all Americans, according to a new survey, The Hill reported. The survey was conducted by Bankrate, a financial

Denmark's Orsted to Take Full Ownership of Sunrise Wind in N.Y.

Orsted has signed an agreement with Eversource Energy to acquire full ownership of U.S. offshore wind farm Sunrise Wind, months after the Danish energy company halted development of some offshore wind

New FTX Bankruptcy Probe Should Be Limited and Fast, Judge Says

A federal judge moved to limit the cost and length of a new outside investigation of FTX Trading, the fraud-tainted crypto firm, saying its insolvency case should not be disrupted by another

WeWork Withholds $33 Million in January Rent as Lease Renegotiation Tactic

WeWork hasn’t paid certain landlords January rent as part of its negotiation strategy, lawyers representing the creditor committee in bankruptcy said in a court filing on Tuesday, WSJ Pro Bankruptcy

Sandy Hook Denier Alex Jones Eyes Late March Bankruptcy Exit

Sandy Hook conspiracy theorist Alex Jones could exit chapter 11 bankruptcy by late March or early April, his lawyer said on Wednesday after a judge decided families whom he owes $1.5 billion for lying

SEC to Impose Tougher Rules on Blank-Check Deals

Wall Street’s main regulator is demanding more investor protections for deals involving special purpose acquisition companies, tightening rules on a once-popular pathway for taking firms public