airlines

Ally Financial Inc. mortgage subsidiary Residential Capital LLC said bondholders wishing to file their own reorganization plan just want the Chapter 11 case to become one “replete with competing plans and open warfare.” Read the Daily Bankruptcy Review article here.

A bankruptcy judge has decided whether to let Pinnacle Airlines Corp. slash its pilots’ pay, but he apparently wants the decision to be a surprise to the 2,800 pilots affected by the ruling.

Following the recent collapse of a deal to sell its business to Chinese aircraft manufacturer, Hawker Beechcraft Inc. has filed a new plan to exit bankruptcy in the hands of a group of hedge funds that includes Bain Capital’s Sankaty Advisors. Read the Daily Bankruptcy Review article here.

Warren Buffett ’s Berkshire Hathaway Inc. was the winning bidder in a bankruptcy auction for a portfolio of loans from Residential Capital LLC , the subprime mortgage unit of government-owned Ally Financial Inc., ResCap said Thursday. Read the Daily Bankruptcy Review article via The Wall Street Journal.

A bankruptcy judge Monday confirmed Solyndra LLC’s Chapter 11 plan, brushing aside protests from the Department of Energy, which stands to lose most of the $527 million in taxpayer dollars it risked on the company. Read the Daily Bankruptcy Review article here.