Chapter 9

The Daily Docket: Lehman Sets $4.6B Unsecured Creditor Distribution

08/15/14

General unsecured creditors of Lehman Brothers Inc. will receive $4.6 billion in their first distribution, perhaps as soon as next month. The Wall Street Journal has the Daily Bankruptcy Review article here.

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The Daily Docket: EFH Creditors Want Answers From IRS

08/14/14

Creditors threatened with big losses in Energy Future Holdings Corp.’s bankruptcy case are demanding answers about the tax issues they say are driving the big Dallas power seller’s strategy for restructuring its $42 billion debt load. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Corinthian Likely Needs More Cash

08/13/14

Embattled for-profit education company Corinthian Colleges Inc. will likely need to raise more money in order to complete its plan to sell the majority of its Everest, WyoTech and Heald campuses during the next six months, the company said Wednesday. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Falcone Files Plan for Smaller LightSquared Unit

08/12/14

Philip Falcone’s Harbinger Capital Partners filed a competing proposal for his wireless venture on Monday that would pump new money into the smaller pool of the wireless venture’s assets. Read the Daily Bankruptcy Review article here.

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The Daily Docket: MF Global Urges Judge Not to Toss PwC Suit

08/11/14

MF Global Holdings Ltd. is urging a judge not to toss its $1 billion lawsuit against PricewaterhouseCoopers LLP for the alleged bad accounting advice that MF Global says led to its 2011 collapse. The Wall Street Journal has the Daily Bankruptcy Review article here.

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The Daily Docket: LightSquared Overhauls Chapter 11 Plan

08/08/14

Wireless venture LightSquared on Thursday overhauled its reorganization plan, and the new proposal appears to spell the end of longtime backer Philip Falcone’s ownership of the wireless venture. The Wall Street Journal has the Daily Bankruptcy Review article here.

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The Daily Docket: DirecTV, AT&T to Take Over CSN Houston Under Plan

08/07/14

Satellite TV provider DirecTV and telecom giant AT&T Inc. are would take over Houston’s struggling professional sports channel under a proposal filed late Wednesday in bankruptcy court. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Judge Says Lehman Trustee Can Create $3B Fund for Creditors

07/31/14

A judge on Wednesday said the trustee unwinding Lehman Brothers Inc. could create a $3 billion-plus fund to pay back unsecured creditors of the brokerage. The Wall Street Journal has the Daily Bankruptcy Review article here.

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The Daily Docket: Fisker Wins Approval of Liquidation Plan

07/29/14

The company once known as Fisker Automotive received court approval Monday on a Chapter 11 plan that will distribute money raised in the bankruptcy sale of the manufacturer of luxury hybrid sedans. Read the Daily Bankruptcy Review story in The Wall Street Journal.

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The Daily Docket: Detroit Pension Holders Approve Debt-Cutting Plan

07/22/14

Detroit pension holders approved the bankrupt city’s debt-cutting plan, which will dent their future benefits, The Wall Street Journal reports.

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