Bankruptcy Blogs

Tuscany International Drilling Inc. on Monday will ask for several final approvals from Judge Kevin Gross of the U.S. Bankruptcy Court in Wilmington, Del.

On the agenda for the oil and gas drilling equipment rental company is final approval of $35 million in bankruptcy financing, approval of a restructuring support agreement with creditors, final approval to pay off debts to creditors in South America and permission to waive notification procedures for those creditors.

As part of my study of religious organizations' Chapter 11 cases, I interviewed attorneys who represented a variety of churches and other faith-based institutions in their reorganization cases. Some of my findings are presented in this new paper. In short, the interviews confirm my previous conclusion based on an analysis of documents filed in religious organizations' Chapter 11 cases: reorganization oftentimes can be beneficial for these debtors.

Consumers facing mortgage trouble want help and are looking everywhere for it. Paying close attention to where and how homeowners seek information is how the servicing industry will put itself on the fast track to a better reputation.

Bitcoin trader Mt. Gox filed for bankruptcy in Japan with $63.6 million in debt, The Wall Street Journal reports.

Women’s clothing retailer Dots is going out of business after reaching a deal with a well-known liquidation firm that promised to begin shutting down the chain’s 359 stores starting Friday, DBR reports via WSJ.