AGG’s Restructuring Roundup newsletter is a monthly update of legal issues and news affecting or related to commercial litigation and bankruptcy. The newsletter is a curation of published articles and news, and contains original content developed by AGG’s Bankruptcy, Creditors’ Rights, & Financial Restructuring attorneys.
Another popular coffee and cafe brand files Chapter 11 bankruptcy
August 20, 2024 (MSN.com)
Sometimes, on an episode of "Shark Tank," Mark Cuban or one of the other Sharks might congratulate someone on the show for building a nice business.
Rite Aid is closing 44 more stores. All but two are in Ohio and Michigan
August 20, 2024 (Yahoo! News)
The number of pharmacies — particularly in Ohio and Michigan — is continuing to drop.
Bankrupt Steward Health sues landlord over stymied hospital sales
August 19, 2024 (Reuters)
Bankrupt Steward Health Care sued its landlord on Monday, saying it has impeded Steward's effort to sell 31 hospitals in an effort to "siphon all value" for itself, leaving little or nothing for Steward’s hospital operations or its other creditors.
Orlando Health bidding for 3 Central Florida hospitals whose current owner has filed for bankruptcy
August 18, 2024 (AOL)
Orlando Health is seeking to buy three hospitals in Brevard and Indian River counties as part of the bankruptcy of hospital operator Steward Health Care, according to a court document filed last week.
Two restaurant chains with Louisville locations file for bankruptcy. Here's what to know
August 17, 2024 (MSN.com)
Two national restaurant chains with Louisville locations filed for Chapter 11 bankruptcy this month: Buca di Beppo and World of Beer Bar & Kitchen.
Giant shipping company liquidates after bankruptcy sale fails
August 17, 2024 (MSN.com)
Freight trucking companies have faced an industry recession since 2022 with declining demand, high interest rates and inflation leading to financial distress, bankruptcies and business closings.
University of Michigan athletic retailer files for bankruptcy
August 16, 2024 (CBS News)
Heritage Collegiate Apparel, largely known as M Den, announced on Friday that it has filed for Chapter 11 bankruptcy, a day after closing its Novi location.
Boeing aircraft partner files for Chapter 11 bankruptcy
August 15, 2024 (MSN.com)
The global airline industry has faced financial distress in 2024, leading certain companies to file bankruptcy to reorganize or liquidate and in other cases just shutting down and ceasing operations.
