Bankruptcy Blogs

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Physical-therapy chain Team Work Ready Inc. filed for bankruptcy after its finances got tangled in a criminal investigation into alleged health-care fraud, tying up roughly $220,000 kept in its bank accounts.

Hearings on Energy Future Holdings Corp.’s plan to rework some $42 billion in debt begin next week in a Wilmington, Del., courtroom.

On Tuesday, lawyers for Energy Future will go before Judge Christopher Sontchi to prove that the company’s plan is both fair to creditors and will resolve the financial troubles that triggered its bankruptcy.

The Dallas power giant is pushing to get out of bankruptcy through a combination of deals and debt-for-equity swaps that will divide its business in two.

The administration apparently intends to leave office without addressing Fannie Mae and Freddie Mac's capital bases and therefore the tight credit conditions.

Energy Future Holdings Corp. bondholders are looking to challenge their defeat in an $890 million court fight.Read the Daily Bankruptcy Review article here.