Beyond Bankruptcy

The Broke and the Beautiful: Best Picture Edition

02/01/13

This week on The Broke and the Beautiful Kodak may not have the naming rights for the theater where the Oscars are held, but it’s still starring in the best picture nominations. Also, the trustee for former University of Miami booster Nevin Shapiro’s bankrupt company is suing a law firm for its alleged role in Shapiro’s Ponzi scheme.

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The Daily Docket: School Specialty Enters Bankruptcy

01/29/13

School Specialty Inc. has filed for Chapter 11 bankruptcy protection and agreed to sell its assets to Bayside Capital Inc., an existing secured lender that will be bidding, in part, with debt rather than cash. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Nortel Mediation Efforts Fail

01/25/13
Associated Press

Efforts to mediate an agreement over how to divide $7.3 billion raised in the bankruptcy of Nortel Networks Co

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The Daily Docket: Judge Approves $843.7M Kodak Financing Deal

01/24/13
Reuters

A judge on Wednesday approved a financing deal worth $843.7 million for Eastman Kodak Co., a package the company said should help it emerge from bankruptcy protection around midyear.

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The Daily Docket: Judge Holds Off on Approving Hawker Deal With PBGC

01/18/13

A judge on Thursday held off approving a deal between Hawker Beechcraft Inc . and Pension Benefit Guaranty Corp. to scrap two underfunded Hawker pension plans, saying some pension recipients negatively affected by the proposal haven’t been properly notified. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Tribune to Drop Suits Against Many Executives

01/17/13

Just out of bankruptcy, Tribune Co. intends to drop the bulk of some 170 lawsuits that targeted senior media executives who cashed in on the going-private deal that ruined the company’s finances. Read the Daily Bankruptcy Review article here.

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The Daily Docket: A123 Waits for Sale Approval

01/16/13
Associated Press

Government-backed battery maker A123 Systems Inc.

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The Daily Docket: Hawker Strikes $600M Financing Deal

01/15/13

Hawker Beechcraft Inc. said it has struck a deal for $600 million in exit financing from lenders led by J.P. Morgan Chase & Co. to take it out of Chapter 11 protection. Read the Daily Bankruptcy Review article here.

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The Daily Docket: LightSquared Lenders Look to Go After Falcone

01/10/13

LightSquared’s lenders Wednesday pressed their case that they should be allowed to go after Phil Falcone and his Harbinger Capital Partners hedge fund firm for a July 2011 loan made to LightSquared, a transaction they say benefited Harbinger and could hurt other creditors. Read the Daily Bankruptcy Review article here.

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