News Topic: Bankruptcy Trends

Troubled companies from as far away as Taiwan are eschewing their home courts in favor of a U.S. Chapter 11 bankruptcy case. ... Read full article

Five Mile Capital Partners LLC is accusing MSR Hotels & Resorts Inc. of using its Chapter 11 case to shield its directors from possible liability for their alleged misconduct and wants an independent trustee to take charge of the company. Read the ... Read full article

Textbook publisher Cengage Learning Inc . filed for Chapter 11 bankruptcy protection Tuesday after reaching a restructuring deal with its lenders that would slash more than $4 billion in debt from its balance sheet. Read the Daily Bankruptcy Review ... Read full article

Troubled battery maker Exide Technologies Inc. filed for Chapter 11 bankruptcy protection early Monday as it faced $31 million in interest payments in August and the maturity of nearly $52 million in convertible notes in September. Read the Daily ... Read full article

Car- and machine-battery maker Exide Technologies Inc. is prepping for a possible bankruptcy filing, The Wall Street Journal reports . ... Read full article

Bidder protections—a common feature in Chapter 11 bankruptcy auctions—hit their highest level in recent years, new data show. Morgan Joseph TriArtisan LLC , an investment bank that focuses on the middle market, recently reported that the average amount of ... Read full article

It’s report-card season, and the federal government’s team of bankruptcy watchdogs isn’t immune from evaluation. In a self-generated report card, those watchdogs say they’ve earned straight A’s in everything but executive bonuses. ... Read full article

Goldman Sachs Group Inc. beat out Fortress Investment Group LLC for the right to lend Arcapita Bank up to $350 million that would ease the Bahraini investment firm out of Chapter 11 bankruptcy. Read the Daily Bankruptcy Review article here . ... Read full article

STR/AFP/Getty Images The developer of the Trump Ocean Club International Hotel & Tower in Panama on Tuesday filed for Chapter 11 bankruptcy protection with a plan in hand to restructure. ... Read full article

Eastman Kodak Co. reached a deal to hand over its “personalized imaging” and “document imaging” businesses to U.K. retirees, The Wall Street Journal reports . ... Read full article

Agence France-Presse/Getty Images A judge on Tuesday approved three measures that will together allow billions of dollars to be returned to customers of Lehman Brothers Holdings Inc.’s collapsed brokerage, and soon. ... Read full article

Getty Images When Congress overhauled the Bankruptcy Code in 2005, it directed bankruptcy watchdogs to ferret out fraud by auditing consumer debtors—audits those watchdogs can no longer afford. ... Read full article

Bloomberg News Greg Lippmann speaks during the Bloomberg Link Hedge Funds 2010 conference at the Guggenheim Museum. Former ... Read full article

Hedge fund Aurelius Capital Master Ltd. is suing an Energy Future Holdings Corp. unit and some current and former directors over a loan deal tied to the $32 billion leveraged buyout that loaded the Texas power company with debt. Read the Daily Bankruptcy ... Read full article

Geokinetics Inc. , which gathers and analyzes data for oil and gas companies, filed for Chapter 11 bankruptcy protection after reaching a deal with its creditors on a plan to restructure its debt. Read the Daily Bankruptcy Review article here . ... Read full article

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 ... Read full article

J.P. Morgan Chase & Co. is balking at Lehman Brothers Holdings Inc.’s efforts to question the trader known as the “London Whale” over derivatives trades, saying the failed investment bank is on a speculative fishing expedition meant to harass the bank ... Read full article

School Specialty Inc. won court approval to draw $129 million of a rival bankruptcy loan that gives the education supply company more time and flexibility in its Chapter 11 restructuring Read the Daily Bankruptcy Review article here . ... Read full article