Beyond Bankruptcy

The Wall Street Journal reports on Energy Future Holdings Corp.’s preparation for a bankruptcy filing.

Long Island, N.Y.’s, shut Long Beach Medical Center filed for Chapter 11 bankruptcy Wednesday to sell what remains of its assets after Hurricane Sandy devastated the hospital a little more than a year ago. Read the Daily Bankruptcy Review article via WSJ.

China’s Wanxiang Group won court approval Tuesday to take over failed luxury hybrid-car maker Fisker Automotive Inc. after successfully outbidding Hong Kong billionaire Richard Li in an auction. Read the Daily Bankruptcy Review article via The Wall Street Journal.

The team unwinding Lehman Brothers Holdings Inc. has reached a $767 million settlement with Freddie Mac, which will result in Lehman Brothers releasing hundreds of millions of dollars more to customers. Read the Daily Bankruptcy Review article via MoneyBeat.

A judge may have recently let PricewaterhouseCoopers off the hook in a class-action

Plastipak Packaging Inc. of Michigan outbid Australia’s Amcor Ltd. at a bankruptcy auction for substantially all of the assets of Constar International Holdings LLC, a Philadelphia-based maker of plastic bottles, court papers say. Read the Daily Bankruptcy Review article via The Wall Street Journal.