🤑New Chapter 11 Bankruptcy Filing -- Loyalty Ventures Inc.🤑

On March 10, 2023, Dallas-based Loyalty Ventures Inc. ($LYLT) and three affiliates (the “debtors”) filed chapter 11 bankruptcy cases in the Southern District of Texas (Judge Lopez) while a separate entity, LoyaltyOne Co. (d/b/a “AIR MILES”) commenced recognition proceedings under the Companies’ Creditors Arrangement Act (“CCAA”).

This one is … honestly …