Bankruptcy Blogs

After Brian Moynihan became CEO at the start of 2010, B of A's stock lost more than half its value. The most obvious reason is Countrywide.

This week on The Broke and the Beautiful, Kodak wants to pull its name from Hollywood’s Kodak Theatre, and actress Debbie Reynolds is writing a new memoir. Also, “30 Rock” star Tracy Morgan’s mom is facing foreclosure.

Executives at plus-sized retailer Avenue rushed to the courtroom Thursday to make sure that ladies who purchase their unmentionables from the chain remain, ahem, well-supported throughout the case.

In an 89-page summary of its immediate operational needs, the chain’s owner asked Judge Stuart M. Bernstein of the U.S. Bankruptcy Court in Manhattan to allow the company to continue giving out a free bra to women who’ve purchased five others from its roughly 430 stores, which are often set in suburban shopping malls.

A judge Thursday cleared Hostess Brands Inc. to borrow the entirety of its $75 million bankruptcy loan, siding with the maker of Twinkies and Wonder Bread over protests from unsecured creditors who warned the financing deal would drive the company toward “extinction.” Read the Daily Bankruptcy Review article here.