News Topic: Beyond Bankruptcy

This week on The Broke and the Beautiful, a dispute over Sherman Hemsley’s residuals won’t go to arbitration, and Wayne Newton’s estate is on the market. Also, Kerry Katona is having a baby. ... Read full article

Associated Press American Airlines planes and a US Airways plane at parked at Washington’s Reagan National Airport on Aug. ... Read full article

Carolyn Kaster/Associated Press Harvey Miller, business finance and restructuring partner Weil, Gotshal & Manges LLP, is sworn in during a Financial Crisis Inquiry Commission ... Read full article

Furniture Brands International Inc., one of the largest furniture manufacturers in the U.S., filed for bankruptcy Monday with a deal to sell its assets to investment firm Oaktree Capital Management for $166 million. Read the Daily Bankruptcy Review ... Read full article

Fortress Investment Group LLC’s GateHouse Media Inc., which will be taking over management of the former Dow Jones Local Media Group publications, plans to restructure its $1.2 billion debt load through a prepackaged Chapter 11 bankruptcy filing. Read the ... Read full article

A bankruptcy judge said Longview Power LLC can use its lenders’ cash to fund its bankruptcy case and set up a showdown between the company and a group of contractors over disputed letters of credit. Read the Daily Bankruptcy Review article here . ... Read full article

Eastman Kodak Co. is likely to officially leave bankruptcy Tuesday, USA Today reports . ... Read full article

A federal judge dismissed Bank of America Corp.’s $1.7 billion lawsuit against the Federal Deposit Insurance Corp., a win for the regulator in the long-running battle over who is ultimately on the hook for losses tied to the multibillion-dollar fraud at ... Read full article

Lehman Brothers Holdings Inc. is suing two entities controlled by German entrepreneur Klaus Tschira in a bid to recover 100 million euros Lehman says was transferred to one of his investment vehicles one business day before Lehman’s 2008 bankruptcy ... Read full article

This week on The Broke and the Beautiful, Patrick Dempsey sued his business partner, and Sinbad spoke out about his latest bankruptcy filing. Also, DMX got arrested. ... Read full article

National Envelope is seeking bankruptcy-court approval to sell its business to rival Cenveo Inc. for $25 million, while other buyers are stepping in to grab the envelope maker’s leftover assets. Read the Daily Bankruptcy Review article here . ... Read full article

Associated Press UMWA International President Cecil Roberts (left) holds had with supporters. ... Read full article

When a company in Chapter 11 sells its business, a lot of work remains: evaluating claims, filing lawsuits, getting rid of leftover assets and, most importantly, paying creditors. But what happens when, as in the case of Lowe’s Cos.’ $205 million ... Read full article

David Goldman/Associated Press A new report by special inspector general for the Troubled Asset Relief Program, Christy Romero, takes a look at the U.S. ... Read full article

AMR Corp. is set to move ahead with a Thursday court hearing on a bankruptcy-exit plan based on its merger with U.S. Airways Group Inc. , but the Justice Department’s antitrust lawsuit to block the tie-up adds great uncertainty to AMR’s Chapter 11 ... Read full article

Patriot Coal Corp. and its mine workers have reached a settlement in their long-standing labor fight, a deal that gives the workers “significant improvements” over Patriot’s labor-contract changes approved by a judge in May. Read the Daily Bankruptcy ... Read full article

This week on The Broke and the Beautiful, Detroit’s problems are hitting the small screen, and “Real Housewives of New Jersey” stars Teresa and Joe Giudice were released on bond. Also, rapper DMX is getting a movie part. ... Read full article

Creditors of Edison International’s commercial power unit are seeking more than $1 billion from the parent company, which vowed on Thursday to fight their effort. Read the Daily Bankruptcy Review article via The Wall Street Journal . ... Read full article