News Topic: Chapter 9

Atlantic City, N.J., is in the midst of a financial crisis that has been in the making for years. Increased competition and a host of unfortunate spending and hiring decisions have led to a state of affairs that currently features the nation’s highest ... Read full article

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KaloBios Pharmaceuticals Inc., a company that recently fired Martin Shkreli as chief executive, filed for chapter 11 protection. The Wall Street Journal has the Daily Bankruptcy Review article here . ... Read full article

Rare-earths miner Molycorp Inc. is pushing for a trimmed-down company that can exit chapter 11 bankruptcy rather than being pushed into a liquidation, saying it would be worth more in the former scenario. The Wall Street Journal has the Daily Bankruptcy ... Read full article

A federal judge will hear protests on Wednesday from bondholders who say the city of San Bernardino, Calif., shouldn’t leave bankruptcy protection without making a higher repayment offer on roughly $51 million worth of bonds. ... Read full article

Children’s tablet-maker Fuhu Inc. filed for chapter 11 bankruptcy protection Monday with a tentative deal to be acquired by Mattel Inc. for $9.5 million. Read the Daily Bankruptcy Review story via The Wall Street Journal . ... Read full article

GT Advanced Technologies Inc. , a former sapphire supplier to Apple Inc. , reached a new accord on a $439 million with the iPhone maker. ... Read full article

Energy Future Holdings Corp. battled in court Wednesday in a bid to defeat bondholder demands for some $460 million in interest, Daily Bankruptcy Review reports . ... Read full article

The Kentucky town of Hillview, a southern suburb of Louisville, gave one reason why it filed for bankruptcy: a multimillion-dollar land dispute with a truck driver training school that has been simmering for a decade. Trucking school officials filed a ... Read full article

Thomas Bennett, the judge who oversaw the $4.1 billion bankruptcy of Jefferson County, Ala., has retired from the court and taken a job at a law firm, the latest retirement in a noticeable judicial exodus. Mr. Bennett, 66 years old, joined Bailey Glasser ... Read full article

A judge upheld a multimillion-dollar judgment against Renco Group and leader Ira Rennert, Daily Bankruptcy Review reports via The Wall Street Journal . ... Read full article

The federal government reached a settlement with Altegrity Inc. worth at least $30 million over a whistleblower lawsuit, Daily Bankruptcy Review reports via The Wall Street Journal . ... Read full article

Transportation Secretary Anthony Foxx testifies before Congress in March 2014.  Associated Press A bankruptcy trustee sued U.S. ... Read full article

Energy Future Holdings Corp. faced criticism from creditors Tuesday on its bankruptcy-exit plan. Read the Daily Bankruptcy Review article here . ... Read full article

A Komatsu Ltd. bulldozer dumps coal onto a pile at the Brooks Run Mining Co., owned by Alpha Natural Resources Inc., in Cucumber, W.Va., in January 2011. Jon C. ... Read full article

Ryan Kavanaugh, Relativity Media CEO, takes part in a panel titled “Can Hollywood Speak Chinese?” during the Milken Institute Global Conference in Beverly Hills, Calif., in April. ... Read full article

John Greim/LightRocket/Getty Images A bankruptcy judge won’t let Caesars Entertainment ... Read full article

Construction of the Baha Mar resort on the beach on New Providence island, Bahamas, May 2014. Craig Karmin/The Wall Street Journal The Export-Import Bank o ... Read full article