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WeWork Seeks Permission to Begin Canceling Leases in Bankruptcy

WeWork will make its first U.S. bankruptcy court appearance today, seeking to advance a restructuring proposal that could cut $3 billion in debt and shrink the company's real estate footprint, Reuters

Liquidity Gridlock Worsens in U.S. Commercial Real Estate Sector

Private lenders, in pole position as high interest rates leave them as the sole option for many in the commercial real estate market (CRE), are turning more selective and worsening a liquidity

FTX Investors Shift Focus to Celebrity Endorsers After SBF Conviction

Sam Bankman-Fried’s criminal fraud conviction came just as the FTX implosion was approaching its first anniversary. But for others who helped promote the cryptocurrency exchange, the legal fallout

Mass. AG Objects to Terms of Vantage’s Bankruptcy Filing

The office of Attorney General Andrea Joy Campbell on Monday filed a petition objecting to the proposed terms of the chapter 11 voluntary bankruptcy of Vantage Travel, the Boston-based international

Montana-Based Brokerage, Trucking Affiliate File for Bankruptcy Liquidation

Three weeks after a 40-year-old Montana-based trucking company and freight brokerage abruptly ceased operations, Meadow Lark Agency and its affiliate, Meadow Lark Transport, filed for bankruptcy

Direct Mattress Inc. Files for Bankruptcy Amid Lawsuits over Unpaid Rent in St. Louis Area

Local mattress company Direct Mattress Inc. and its associated businesses filed for bankruptcy last month, following a series of lawsuits from its landlords over unpaid rent, the St. Louis Post

Denny’s Franchisee Denn-Ohio Files for Chapter 11 Protection

Denn-Ohio LLC, a Denny’s franchisee in Kentucky, Michigan, and Ohio, has filed for chapter 11 protection, seeking to close two more diner units and facing a hearing in December, court documents

Big Banks Cook Up New Way to Unload Risk

U.S. banks have found a new way to unload risk as they scramble to adapt to tighter regulations and rising interest rates, the Wall Street Journal reported. JPMorgan Chase, Morgan Stanley, U.S. Bank

CFPB Proposes to Supervise Digital Payment Apps

The Consumer Financial Protection Bureau wants to extend its watchdog powers to cover digital wallets and payment apps run by companies like Apple, Google, PayPal and Block, which do not have

Cyberattack Disrupts Mortgage Payments for Millions of Mr. Cooper Customers

Mr. Cooper, one of America’s largest nonbank mortgage loan servicers, suffered a cyberattack last week that disrupted loan payments and other transactions for millions of customers, the New York Times