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ABI Conference Materials: Liability-Management Transactions: How We Got Here, Where We’re Going
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A recent panel at the 2025 Northeast Bankruptcy Conference examined issues surrounding liability-management transactions. READ MORE
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SPONSORED CONTENT
Predatory Uptiering: Three Steps to Protect Against Being Primed
While uptiering disputes are not new, the loan market has seen an uptick in recent years. If not careful, lenders can lose their lien claim positions to a newer, senior lender. SRS Acquiom explains the primary mechanisms of predatory uptiering and identifies steps lenders can take to protect against it—all in one easy-to-reference page. Download the Guide
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 | | Editor's Picks |
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Bankrupt Danville Distillery Owes More than $34.5 Million. It Says It’ll Survive
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Danville, Ky.-based distillery Luca Mariano owes more than $34.5 million to its top 14 creditors, according to the company’s petition for bankruptcy, the Lexington (Ky.) Herald Leader reported. Its top creditor, Summit Investment of Denver, Colo., is owed more than $25 million. Some of the claims are under dispute in ongoing litigation in Boyle Circuit Court. READ MORE
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Wag! Group Co. Announces Recapitalization Transaction with Retriever LLC
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Wag! Group Co. on Monday announced that it is pursuing a comprehensive balance sheet restructuring through a voluntary, pre-packaged chapter 11 process in the U.S. Bankruptcy Court for the District of Delaware, according to a company press release. The company’s primary secured lender, Retriever LLC, which constitutes the only voting class under the plan, has already voted to accept the pre-packaged plan of reorganization. READ MORE
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Puerto Rico’s Government Sues Private Power Company as Chronic Outages Damage Appliances
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XPuerto Rico’s government filed a lawsuit Tuesday against a private power company, claiming it is responsible for damages to customers’ appliances caused by chronic power outages in the U.S. territory, the Associated Press reported. The civil lawsuit by the consumer affairs department says the Luma company, which oversees power transmission and distribution in Puerto Rico, was “negligent” and is responsible for damages caused to consumer appliances by outages and power fluctuations. READ MORE
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 | | Upcoming Events |
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Mergers and Acquisitions Series: Key Considerations in the Current Market
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abiLIVE Webinar sponsored by SC&H Capital
July 24
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2025 Southeast Bankruptcy Workshop
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The Ritz-Carlton, Amelia Island
July 24-27 | Amelia Island, Fla.
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 | | Daily Roundup |
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Banks Ready Fresh Push Against Tighter U.S. Capital Rules
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Wall Street lenders and their lobbyists are descending on the Federal Reserve’s first-of-its-kind banking conference Tuesday with a broad ask of the new vice chair for supervision: Steer clear of stricter capital requirements, Bloomberg News reported. Senior officials from JPMorgan Chase & Co., Goldman Sachs Group Inc. and Morgan Stanley are expected to use the event to detail a host of rule changes they’d like to see from regulators. READ MORE
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Longtime PCAOB Official to Lead the Audit Watchdog, SEC Says
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The U.S. Securities and Exchange Commission has tapped a longtime official of the Public Company Accounting Oversight Board to lead the audit watchdog, after the agency's head pushed out its Democratic chief last week, Reuters reported. George Botic, a certified public accountant who has been a PCAOB board member since October 2023, will on Wednesday become the acting chair of the PCAOB, the SEC said in a statement on Monday. Congress formed the nonprofit in 2002 in response to a series of high-profile accounting scandals and auditing failures. READ MORE
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Affordable-Housing Projects Stall over Proposed Cuts to Rental Assistance
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The Trump administration is proposing a $27 billion reduction in federal programs that provide rental assistance to low-income individuals, the Wall Street Journal reported. The proposed 43% cut in these programs is creating enough uncertainty that some lenders are already pulling back, stalling new affordable-housing projects. (Subscription required.). READ MORE
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U.S. Considering Removing Tax on Capital Gains on Home Sales, Trump Says
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U.S. President Donald Trump said on Tuesday his administration is considering removing taxes on capital gains on home sales, Reuters reported. "If the Fed would lower the rates, we wouldn't even have to do that," Trump told reporters in the Oval Office. "But we are thinking about no tax on capital gains on houses." READ MORE
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