Tag: Chapter 11

Asset Allocation March 23, 2021

Special Report: How to Make Money from Distressed Real Estate in 2021

Pension funds and other institutions are considering investing in problem properties via KKR, Apollo, Blackstone, and other Wall Street players. The goal: turnarounds.

Risk August 31, 2020

Neiman Marcus, Mired in Chapter 11, Cuts Executive Retirement Benefits

Discord over move is sharpened by big bonuses for CEO and other C-suite execs.

Newsmakers July 13, 2020

Under New Ownership, McClatchy Could Offload $1.4 Billion Pension Assets to PBGC

The bankrupt newspaper chain’s retirement obligations propelled it into Chapter 11, but the new owner, hedge fund Chatham, will get a clean slate.

Alternatives June 8, 2020

PE-Related Bankruptcy Filings Soared in May

Too much debt and the virus economic slide harmed companies such as Hertz and J. Crew.

April 28, 2020

Despite Fed Backstop, Junk Bonds Still Face Big Trouble

The central bank’s much-touted help for high-yield is skimpy, in light of what nastiness lies ahead.

Risk February 18, 2020

Newspaper Company McClatchy Halts Retirement Payouts After Chapter 11 Filing

Company negotiating with PBGC to take over benefit payments amid a new company-wide restructuring plan.

Risk October 21, 2019

PBGC Takes Over Bankrupt Verity Health System’s Pension Plans

Pension insurance to assume benefit payments for 8,000 members.