Beyond Bankruptcy

On Tuesday in Manhattan, a judge will consider approving nearly $400 million in fees and expenses for the professionals who worked on the American Airlines bankruptcy.

The amounts were recommended by fee examiner Robert Keach, a former American Bankruptcy Institute president who said the attorneys and advisers engineered “perhaps the most efficient airline reorganization case on record.”

Thirty men who were sexually abused decades ago as children at two Catholic schools in the Seattle area will split about $12.1 million from the Archdiocese of Seattle, which owned the schools. Read the Daily Bankruptcy Review article here.

Momentive Performance Materials Inc. will likely revise its restructuring plan outline after a federal bankruptcy watchdog called it “woefully inadequate.” Read the Daily Bankruptcy Review article here.

Energy Future Holdings Corp. launched a crucial hearing on financing its $42 billion bankruptcy by announcing it had reached an accord with some key critics and by winning final approval of a $4.475 billion loan. The Wall Street Journal has the Daily Bankruptcy Review article here.

Energy Future Holdings Corp.’s proposal to get out from under a claimed $1.3 billion premium payment to bondholders has two bond trustees crying foul. Read the Daily Bankruptcy Review article here.