Chapter 9

The Daily Docket: Momentive to Revise Plan Outline

06/16/14

Momentive Performance Materials Inc. will likely revise its restructuring plan outline after a federal bankruptcy watchdog called it “woefully inadequate.” Read the Daily Bankruptcy Review article here.

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The Daily Docket: Supreme Court Says Creditors Can Tap Into Inherited IRA Money

06/13/14
Time & Life Pictures/Getty Image

The U.S. Supreme Court ruled that certain money inherited from individual retirement accounts can be taken by creditors to cover the debts of people in bankruptcy proceedings.

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The Daily Docket: Dewey Trustee Brings New Allegations on Two Ex-Executives

06/11/14

The bankruptcy trustee unwinding defunct law firm Dewey & LeBoeuf LLP has brought new allegations against two former Dewey executives in a suit seeking the return of more than $21.8 million the two allegedly were paid as the law firm “fell deeper and deeper into insolvency.” The Wall Street Journal has the Daily Bankruptcy Review article here.

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The Daily Docket: Energy Future Wins Loan Approval

06/09/14

Energy Future Holdings Corp. on Friday won court approval of a $5.4 billion bankruptcy loan after revisions calmed objections over the deal. The Wall Street Journal has the Daily Bankruptcy Review article here.

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The Daily Docket: Energy Future Wins Approval of $4.475B Loan

06/06/14

Energy Future Holdings Corp. launched a crucial hearing on financing its $42 billion bankruptcy by announcing it had reached an accord with some key critics and by winning final approval of a $4.475 billion loan. The Wall Street Journal has the Daily Bankruptcy Review article here.

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The Daily Docket: GM CEO Barra Fires 15 Amid Recall Probe

06/05/14
General Motors Chief Executive Mary Barra spoke Thursday to provide an update on GM’s internal investigation into the ignition switch recall at the General Motors
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The Daily Docket: Sailing Capital, Sanpower Team Up to Buy Brookstone

06/04/14
Konrad Fiedler/Bloomberg News

Chinese investment firm Sailing Capital and Chinese conglomerate Sanpower teamed up to buy Brookstone Holdings Corp.

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The Daily Docket: Energy Future Bond Trustees Say Deal Is Fair

06/03/14

Energy Future Holdings Corp.’s proposal to get out from under a claimed $1.3 billion premium payment to bondholders has two bond trustees crying foul. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Coldwater Creek Under Pressure as Lease Auction Looms

05/30/14
A Coldwater Creek store in downtown Seattle.
Associated Press/Elaine Thompson

Creditors are keeping a tight rein on spending in the Coldwater Creek Inc.

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The Daily Docket: Judge Approves $5.15B Anadarko Settlement

05/29/14

A federal bankruptcy judge Wednesday approved Anadarko Petroleum Corp.’s $5.15 billion settlement of fraud claims from a 2006 acquisition, the largest environmental settlement ever won by the U.S. government. The Wall Street Journal has the Daily Bankruptcy Review article here.

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