Bankruptcy Trends

The Daily Docket: Singapore Fund Makes Offer for Paulson Resort

08/21/12

Singapore’s real-estate investment arm is offering to buy four U.S. luxury resorts from hedge fund Paulson & Co. for $1.5 billion, subject to higher bids at a bankruptcy auction. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Lehman Trustee to Sell Gas Tanker Stake

08/13/12
Reuters

The trustee unwinding Lehman Brothers Holdings Inc.’s brokerage business has agreed to sell the company’s stake in a gas shipping business to Wilbur Ross for $110 million.

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Study Finds Bankruptcy Bonuses Work

08/09/12
Getty Images

In bankruptcy, you need to spend money to save money, even if that means spending it on the same management team that steered a business into Chapter 11.

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The Daily Docket: Pinnacle Says Shareholders Jeopardized Restructuring

08/08/12

Pinnacle Airlines Corp. is accusing hedge fund and shareholder Meson Capital Partners LP of putting its reorganization at risk in order to squeeze value out of shares that are expected to be worthless. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Santa Ysabel Seeks Bankruptcy Harbor

08/07/12

Santa Ysabel Resort and Casino—too broke to build its resort and too small to lure many gamblers to its casino on a reservation outside San Diego—is about to test the notion that Native American enterprises aren’t eligible for protection under U.S. bankruptcy law. Read the Daily Banrkuptcy Review Small Cap article via The Wall Street Journal.

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The Daily Docket: Solyndra Debuts Exit Plan

07/31/12

Failed solar power equipment maker Solyndra LLC has sketched out its Chapter 11 plan and, as expected, there’s bad news for U.S. taxpayers: Estimates are $24 million of a $527 million government loan will be repaid, and that’s not a sure thing. Read the Daily Bankruptcy Review article here.

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The Daily Docket: US Airways CEO Skeptical of AMR Merger Exploration

07/26/12

The head of US Airways Group Inc. on Wednesday expressed reservations about the strategic review being conducted by AMR Corp. and said he could go directly to its rival’s creditors in a bid to cement a merger. Read the Daily Bankruptcy Review article here.

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The Daily Docket: J.P. Morgan Blames Lehman Management for Demise

07/23/12
Reuters

J.P. Morgan Chase & Co. said senior management of Lehman Brothers Holdings Inc.

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A Rosetta Stone for the Bankruptcy World

07/19/12
Latham & Watkins
The app “The Book of Jargon: Global Restructuring” has more than 1,000 complicated terms translated into plain English.

Do you drop phrase

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The Daily Docket: US Airway CEO Warns Against AMR Merger Delay

07/19/12
Getty Images
U.S. Airways Chief Executive Doug Parker speaks about a merger with AMR Corp.
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