Bankruptcy Blogs

Party-goods supplier Event Rentals Inc. is kicking off the week in bankruptcy with a Monday auction of its assets.

A group of the company’s senior lenders, including Cerberus Capital Management, has been approved as the lead bidder with a $124 million credit bid. If it emerges as the winner, the lender group would forgive Event Rentals’ debt in exchange for the company’s assets.

Party-goods supplier Event Rentals Inc. is kicking off the week in bankruptcy with a Monday auction of its assets.

A group of the company’s senior lenders, including Cerberus Capital Management, has been approved as the lead bidder with a $124 million credit bid. If it emerges as the winner, the lender group would forgive Event Rentals’ debt in exchange for the company’s assets.

Wayne State University is trying to pull college kids who are home in Michigan for the summer into the heart of Detroit with a