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Chapter 11
Trends
- 1
A franchisee that operates Outback Steakhouse restaurants has filed for Chapter 11 bankruptcy protection, according to a Yahoo Finance report. The filing means the operator will attempt to restructure its debts while continuing to run its restaurants. The news comes as casual dining chains across the United States face pressure from rising costs and changing consumer spending habits.
- 2Athlete-Lender Sure Sports Files for Chapter 11 Bankruptcy●Athlete-Lender Sure Sports Files for Chapter 11 Bankruptcy Protection
Sure Sports, a lending firm that provided financing to professional athletes, has filed for Chapter 11 bankruptcy protection. The filing means the company will reorganize its debts while continuing operations under court supervision. The move affects the niche market of athlete-focused lending, where Sure Sports had been a notable player offering credit lines backed by players' contracts.
- 3Airline bankruptcies reshape Latin American Chapter 11 restructuring●Laying the runway: how airline bankruptcies have revolutionised Chapter 11 Latin American restructuring
A new analysis examines how major airline bankruptcies have transformed Chapter 11 restructuring practice across Latin America. Carriers such as Avianca, LATAM and Aeroméxico ran some of the region's largest US-filed reorganisations, setting precedents for cross-border debt workouts and influencing how distressed companies in other sectors now approach the process.
- 4Redeemer Health files for Chapter 11 bankruptcy protection●Redeemer Health files for Chapter 11 bankruptcy protection as talks with other health systems continue
Redeemer Health has filed for Chapter 11 bankruptcy protection while it continues talks with other health systems about its future. The filing allows the Pennsylvania-based health care provider to reorganize its finances as it seeks a potential partnership or affiliation that could keep its operations running.