Bankruptcy Blogs

The Texas-based operator of the Furr’s Fresh Buffet restaurant chain filed for Chapter 11 bankruptcy on Tuesday, citing a surprising culprit for the move—the brutal winter weather.

Detroit leaders are suing to invalidate several Wall Street deals that allowed the city to borrow more than $1.4 billion in 2005 for its underfunded pension plans, arguing that the agreements were illegal and shouldn’t be repaid. Read the Daily Bankruptcy Review story in The Wall Street Journal.

Tuscany International Drilling Inc. (“TID”) and its subsidiary, Tuscany International Holdings (U.S.A.) Ltd. (“TIH”; collectively with TID, “Tuscany” or the “Debtors”) filed for bankruptcy under Chapter 11 of the United States Bankruptcy Code late on Sunday, February 2, 2014 (the “Petition Date”) in the United States District Court for the District of Delaware.

W.R. Grace emerged from Chapter 11 Monday after more than 12 years in bankruptcy.

Lack of bank transparency makes it difficult to see the extent of bank exposures to emerging markets and whether financial firms are adequately capitalized to withstand unexpected losses from this market turmoil Â... or any other.