News Topic: Bankruptcy Trends

Last year was to bring a flat economy and continued real-estate distress, according to a survey of more than 100 restructuring professionals. Was 2011 all they imagined? ... Read full article

Debt-laden electric power company AES Eastern Energy LP filed for Chapter 11 bankruptcy with a plan to sell its two upstate New York coal-fired power plants. Read the Daily Bankruptcy Review article via The Wall Street Journal . ... Read full article

The U.S. Supreme Court has opted to weigh in on one of the hottest topics in bankruptcy: whether lenders have the right to use debt as currency in bankruptcy auctions. Read the Daily Bankruptcy Review article here . ... Read full article

Lehman Brothers Holdings Inc.’s European affiliate is angry at a move by the trustee unwinding Lehman’s U.S. brokerage to block European creditors from recovering more than $8 billion, a dispute that could augur what’s in store for customers of MF Global ... Read full article

Lehman Brothers Holdings Inc. said recent settlements with a number of its far-flung foreign affiliates have put the failed investment bank on track to win approval of its plan to exit bankruptcy by the end of the year. Read the Daily Bankruptcy Review ... Read full article

The possibility for fraud exists within the system of trusts set up by bankruptcy courts to deal with asbestos personal injury claims, although claims were down slightly in 2010 compared to the prior year, according to a new government report. ... Read full article

A bankruptcy judge Wednesday said he is inclined to turn down a bid by the Los Angeles Dodgers to probe Major League Baseball’s dealings with other MLB members for proof Commissioner Bud Selig is treating the ball club unfairly. Read the Daily Bankruptcy ... Read full article

Graceway Pharmaceuticals LLC filed for Chapter 11 bankruptcy protection Thursday, one day after announcing its plans to seek a sale of its assets to Galderma S.A. Read the Daily Bankruptcy Review article here . ... Read full article

With default rates and bankruptcy filings earnestly sticking near their all-time lows but loads of debt coming due very soon, finding distressed opportunities is a two-pronged game of waiting while still identifying sectors that need help now, three ... Read full article

Four hedge funds accused of insider trading in Washington Mutual Inc.’s bankruptcy case are appealing a ruling that denied confirmation of the company’s Chapter 11 plan and found they could be held to account to shareholders for alleged improper behavior. ... Read full article

Weighing legislation that would divert large corporate bankruptcy cases away from the two top courts that now handle most of that work, federal lawmakers heard testimony from an expert panel that largely countered the doomsday predictions from the legal ... Read full article

Associated Press A wedding ring, college degree and a well-paying job: the American dream or a recipe for bankruptcy? ... Read full article

If you’re looking for economic optimism these days, you might not want to consult with those who focus on troubled companies. A top restructuring industry trade group found that six in 10 of its members expect the economy to double dip within 18 months, ... Read full article

Stephanie Wickouski, Bryan Cave There have been marquee retail bankruptices in recent months while housing-related businesses continue to stagger, but panelists at this year’s DBR Roundtable focused on a less-prominent distressed industry ... Read full article

NewPage Corp., a struggling Midwestern paper maker controlled by Cerberus Capital Management LP, warned in a regulatory filing that it may have to file for bankruptcy protection if it’s unable refinance its crushing debt load. Read the Daily Bankruptcy ... Read full article

New York hedge-fund manager Centerbridge Credit Advisors LLC is objecting to Lehman Brothers Holdings Inc.’s liquidation plan, saying among other things that some of its claims are being treated less favorably than they should be. Read the Daily ... Read full article

A Delaware corporate law judge gave Dynegy Inc. the green light Friday for a $1.7 billion restructuring designed to stave off bankruptcy, turning down Public Service Enterprise Group Inc.’s bid for an order to hold up the deal, Dow Jones Newswires reports ... Read full article

The European unit of Tokio Marine Holdings Inc., Japan’s biggest nonlife insurer, sought creditor protection in the U.S. to complete the wind-down of its London reinsurance business. Read the Daily Bankruptcy Review story here . ... Read full article