Bankruptcy Trends

The Daily Docket: Catalyst to Auction Assets

05/25/12

Catalyst Paper Corp. will sell its assets to the highest bidder after the paper and pulp producer failed to bring enough of its creditors on board with its restructuring plan. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Court Reverses Tousa Decision

05/16/12

A federal appeals court has reversed a lower court decision involving the bankruptcy of Florida home builder Tousa Inc. in a closely watched court case that could have far-reaching implications for lenders of struggling companies and their creditors. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Vegas Developer Looks to Shed $500M Debt

05/10/12

Las Vegas developer Bill Plise is trying to shake off some $500 million worth of personal debts in bankruptcy, mostly guarantees of bank loans linked to a bid to develop City Crossing, a $2 billion casualty of the recession. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Lehman Blasts Banks’ Deal With Zell

05/09/12

Lehman Brothers Holdings Inc. lashed out at Sam Zell's deal with banks to extend Zell's option to buy their remaining stake in Archstone.


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The Daily Docket: Dodgers Sale Is Complete

05/02/12

The Los Angeles Dodgers said Tuesday the $2 billion sale of the team and stadium to an investment group headed by Earvin “Magic” Johnson is complete. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Kodak Allowed to Pay Bonuses

05/01/12

A judge on Monday said Eastman Kodak Co. could pay millions of dollars in bonuses to several hundred employees to keep them happy and at the company, overruling an objection by the Justice Department’s bankruptcy-watchdog unit. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Law-Firm Loans Show Cracks

04/30/12

In the race to open offices throughout the globe and lure rainmakers to their ranks, some law firms willingly took on debt they expected to have no trouble paying—a once-safe bet that is now backfiring. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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The Daily Docket: Supreme Court Skeptical of Efforts to Block Credit Bidding

04/24/12

The U.S. Supreme Court began the process of weighing in on one of the hottest issues in corporate bankruptcy Monday, casting harsh eyes on a hotel owner’s attempt to block its secured lender from using debt as currency in a bankruptcy auction. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Judge Says Union’s Pension Stance Threatens Hostess

04/20/12
Agence France-Presse/Getty Images

The judge charged with determining whether Hostess Brands Inc.

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Bankruptcy Leaders Call for Chapter 11 Overhaul

04/19/12
Getty Images

In the era of the iPhone, businesses that are struggling to survive turn to a bankruptcy process that was invented during the time of typewriters.

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