DISTRESSED DAYBOOK: Carvana, Curo Group, Zayo Group, KKR, Akumin
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A panel of
US insolvency courts remained busy while the pile of distressed debt contracted for a third straight week, according to data compiled by Bloomberg.
Most knitters saw no hint the relationship was in serious trouble. A few of them, now that they think about it, say there were recent warning signs they missed. But in the end, all of them suffered the ultimate betrayal — they got ghosted.
FTX co-founder
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Law firms are increasing employee parental leave time, but some attorneys worry they risk career advancement if they take all of it. Some lawyers fear being passed over for opportunities or derailed from a path to partner while others fear pushback.
Some large US firms are beginning to embrace ChatGPT and other AI technology. Still, questions about accuracy and data privacy have led some to bar its use.
At least three firms filed for Chapter 11 bankruptcy protection in the US, shortly after the biggest rush in years, even as Federal Reserve officials are
Platinum Equity’s
GenesisCare, an Australia-based operator of cancer treatment centers, has commenced bankruptcy proceedings in the US as part of a restructuring effort.
Incora filed for voluntary protection under Chapter 11 of the US Bankruptcy Code in Texas, intends to use the process to improve its capital structure and position the business for long-term growth, according to a statement.
GenesisCare to pursue the separation of US business while US management implements turnaround strategy, according to a statement.
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