Bankruptcy Blogs

In Mark Manski’s mind, his job as a restructuring adviser is not unlike being an NFL quarterback.

“I’m Tom Brady,” said Mr. Manski, who last month joined the New York office of management consulting and financial advisory firm Development Specialists Inc.

Under current conditions, bank executives would be crazy to hold back. If they get caught, they can pay their way out of the problems with shareholdersÂ' money. And if their misdeeds pay off as expected, the profits will goose their pay.

Cengage Learning Inc. said Monday that it has reached a settlement with its creditors that paves the way for the textbook publisher to exit Chapter 11 bankruptcy next month. Read the Daily Bankruptcy Review story here.

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European Bank Earnings: European stocks took a hit on Monday, thanks to "some lackluster" bank earnings. Most notably, Lloyds Banking Group reported higher than expected earnings for 2013 but Â-- wait for it Â-- said it was setting aside an additional $3.1 billion to cover potential claims related to the misselling of payment protection insurance and other products. FT Lombard columnist Jonathan Guthrie called the bank's full year update "akin to a...

Plextronics, Inc. (“Plextronics” or the “Debtor”) filed for bankruptcy under Chapter 11 of the Bankruptcy Code on January 16, 2014 in the United States District Court for the District of Delaware.