News Topic: Bankruptcy Trends

NII Holdings  Inc. on Monday announced a restructuring deal that would put the Latin American  Nextel  carrier in the hands of its bondholders. Read Joe Checkler’s Daily Bankruptcy Review story in The Wall Street Journal. ... Read full article

An investment fund that parked all of its money with  Bernard Madoff  has agreed to give up $95 million for the benefit of Mr. Madoff’s victims in the second major settlement announced this week by the court-appointed official tracking down money tied to ... Read full article

Much to our delight, Wednesday night’s “Jeopardy!” episode included a category seemingly custom made for Bankruptcy Beat readers. For those who missed it, “Cause of Debt” included five debt-laden questions that at times stumped the contestants ( ... Read full article

International treaties take years to complete as it is, so imagine the complexities at play in a hypothetical international insolvency treaty. But at least people are starting to talk about it. ... Read full article

Reuters/Scott Audette When a health-care company, particularly a hospital, files for Chapter 11 protection, it’s not your typical bankruptcy case. ... Read full article

A group Argentina banks are working on a last-minute plan to help the country avoid default, The Wall Street Journal reports . ... Read full article

The company once known as Fisker Automotive received court approval Monday on a Chapter 11 plan that will distribute money raised in the bankruptcy sale of the manufacturer of luxury hybrid sedans. Read the Daily Bankruptcy Review story in The Wall Street ... Read full article

Nortel Networks Corp .’s U.S. division said Thursday it has reached a deal with bondholders owed nearly $4 billion to cap the interest they can collect at $1.01 billion. Read the Daily Bankruptcy Review story via The Wall Street Journal. ... Read full article

A bankruptcy auction is still weeks away, but the price of Optim Energy’s Twin Oaks power plant continues to jump, with Texas giant Energy Future Holdings Corp. signaling it could go as high as $87.5 million for the facility. Read the Daily Bankruptcy ... Read full article

The collapse of Corinthian Colleges Inc. is raising questions about the Obama administration’s aggressive handling of one of the country’s largest for-profit education companies, which was hemorrhaging money before regulators cut off its federal funding. ... Read full article

A government bankruptcy watchdog wants to ensure the claims trading industry doesn’t profit from the confusion of hundreds of people who have already lost money with New Life International, a Tennessee nonprofit that collapsed last year after investing ... Read full article

General Motors Chief Executive Mary Barra spoke Thursday to provide an update on GM’s internal investigation into the ignition switch recall at the General Motors ... Read full article

Nortel Networks is preparing to spend more than $1 million on technology for an upcoming court fight over $7.3 billion raised in its global liquidation, a trial that will be broadcast live—but not to the public. Only “authorized users” will be able to ... Read full article

Nortel Networks is preparing to spend more than $1 million on technology for an upcoming court fight over $7.3 billion raised in its global liquidation, a trial that will be broadcast live—but not to the public. Only “authorized users” will be able to ... Read full article

Momentive Performance Materials Inc., a silicone and quartz producer owned by Apollo Global Management LLC, filed for Chapter 11 bankruptcy Sunday on the eve of a $60 million interest payment it couldn’t afford to make. Read the Daily Bankruptcy Review ... Read full article

Momentive Performance Materials Inc., a silicone and quartz producer owned by Apollo Global Management LLC, filed for Chapter 11 bankruptcy Sunday on the eve of a $60 million interest payment it couldn’t afford to make. Read the Daily Bankruptcy Review ... Read full article

Momentive Performance Materials Inc., a silicone and quartz producer owned by Apollo Global Management LLC, filed for Chapter 11 bankruptcy Sunday on the eve of a $60 million interest payment it couldn’t afford to make. Read the Daily Bankruptcy Review ... Read full article

While it’s still possible to buy new albums on vinyl , music is now usually downloaded. Despite a small subset of people who still watch VHS tapes , movies are watched on DVDs or increasingly are streamed online. But like many people and businesses ... Read full article