Beyond Bankruptcy

The Daily Docket: Abound Enters Bankruptcy

07/03/12

Abound Solar Inc., the recipient of a federal loan guarantee from the U.S. Department of Energy, filed for Chapter 7 bankruptcy liquidation Monday. Read the Daily Bankruptcy Review article here.

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Friendly’s Gets Poor Marks Post-Bankruptcy

06/29/12
Associated Press

Bankruptcy may have cured what ails Friendly’s balance sheet, but it still has some work to do in the kitchen,

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The Broke and the Beautiful: Irish Boy Band Edition

06/15/12

This week on The Broke and the Beautiful, Westlife singer Shane Filan is crooning the bankruptcy blues, and Stephen Baldwin lost a lawsuit against fellow actor Kevin Costner. Also, Curt Schilling was sued personally for $2.4 million over a loan from Citizens Bank to his failed videogame company.

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The Daily Docket: LightSquared Reaches Loan Deal

06/12/12

LightSquared on Monday said it has reached an agreement in principle on a bankruptcy loan from a group of its lenders, as the wireless satellite company’s fight with another group of lenders over whether it can use the cash secured by the loans continues. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Schilling’s 38 Studios Enters Bankruptcy

06/08/12

Former Boston Red Sox pitcher Curt Schilling’s videogame company, 38 Studios LLC, filed for Chapter 7 bankruptcy liquidation. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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The Daily Docket: Justice Department Presses Attorneys to Justify Fees

06/04/12
Getty Images

The Justice Department has grown increasingly restless with attorney fees—often exceeding $1,000 an hour—paid by companies going through a bankruptcy reorganization.

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The Daily Docket: Catalyst to Auction Assets

05/25/12

Catalyst Paper Corp. will sell its assets to the highest bidder after the paper and pulp producer failed to bring enough of its creditors on board with its restructuring plan. Read the Daily Bankruptcy Review article here.

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The Broke and the Beautiful: Mitt Romney Edition

05/18/12

This week on The Broke and the Beautiful, presidential hopeful Mitt Romney faces criticism from President Obama’s re-election campaign over the practices of his former employer, private equity firm Bain Capital. Also, Nadya “Octomom” Suleman’s Chapter 7 bankruptcy case has been tossed.

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The Daily Docket: Hostess Can’t Shed Union Deals

05/15/12
Associated Press

A judge Monday denied Hostess Brands Inc.’s bid to shed deals with its biggest union, the Teamsters, sending the bakery company back to the drawing board as it tries to claw its way out of its

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The Daily Docket: Vegas Developer Looks to Shed $500M Debt

05/10/12

Las Vegas developer Bill Plise is trying to shake off some $500 million worth of personal debts in bankruptcy, mostly guarantees of bank loans linked to a bid to develop City Crossing, a $2 billion casualty of the recession. Read the Daily Bankruptcy Review article here.

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