Bankruptcy Trends

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 money from charitable gift annuities.

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 view the Webcast of the fight for the failed telecommunication company’s billions, according to an outline of the trial technology plan filed with the courts overseeing Nortel’s dissolution.

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 article via The Wall Street Journal.

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 article via The Wall Street Journal.

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 dealing with the U.S.