What we’re reading this week [November 29, 2021] – Insolvency / Bankruptcy / Restructuring
United States: What we’re reading this week [November 29, 2021]
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Los Angeles Business Journal reports on the expected increase on how to file bankruptcy filings by hotels in light of the patchy economic recovery and reduced government support as lenders’ patience is expected to run out.
The Wall Street Journal writes that companies are taking a wait-and-see approach to the new Omicron variant of Covid-19 that emerged last week.
The Economist assesses Jerome Powell’s program for his second term as Federal Reserve Chairman.
LATAM Airlines on Friday announced that it has filed a Chapter 11 reorganization plan that the airline says has the backing of its largest group of unsecured creditors and various shareholders, and that will provide more than $ 8 billion in new equity, convertible notes and debts to allow the company to get out of Chapter 11.
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