News Topic: Chapter 9

Getty Images Citigroup Inc. ... Read full article

Furniture Brands International Inc.’s board of directors has switched course, replacing Oaktree Capital Management with New York’s KPS Capital Partners LP as the lead bidder at an upcoming bankruptcy auction. Read the Daily Bankruptcy Review article here ... Read full article

Getty Images Paul Singer ‘s hedge fund Elliott Management has agreed to pay GBP650 million ($1.05 billion) to the corporate parent of Lehman Brothers ... Read full article

Justin Sullivan/Getty Images British retail giant Tesco PLC’s U.S. ... Read full article

GateHouse Media Inc. started voluntary Chapter 11 bankruptcy proceedings in a federal court in Delaware, moving forward with its prepackaged plan to reorganize. Read the article in Daily Bankruptcy Review . ... Read full article

PR Newswire Goats creating a firebreak in the western part of California’s Sacramento Valley. This blog is no stranger to the connection between goats and bankruptcy. ... Read full article

Canadian oil and gas company Lone Pine Resources Inc. said Wednesday it has launched bankruptcy proceedings in Canada and filed for Chapter 15 bankruptcy protection in the U.S. in a bid to slash its debt load. Read the Daily Bankruptcy Review article here ... Read full article

A judge on Tuesday forced LightSquared to remove an independent director named to help oversee the sale of the Philip Falcone-controlled wireless satellite company, agreeing with lenders that her sour relationship with would-be buyer Dish Network Corp. ... Read full article

Bank lenders Monday officially ratcheted down the pressure on Overseas Shipholding Group Inc. after the tanker company unveiled financial projections that will be the basis for restructuring talks. Read the Daily Bankruptcy Review article here . ... Read full article

Energy Future Holdings Corp.’s creditors signed confidentiality agreements to look at financial information that isn’t public, a step toward bankruptcy, The Wall Street Journal reports . ... Read full article

The Wall Street Journal has more on Detroit residents speaking out to a bankruptcy judge on their fears of not getting full pensions. Read more about the bankruptcy filing of golf-course retirement community Devonshire in Daily Bankruptcy Review . ... Read full article

Susan Walsh/Associated Press In this Tuesday, Dec. 13, 2011, file photo, former MF Global Holdings Ltd. ... Read full article

Associated Press/Jim Lukoski In this May 12, 1984 file photo, subway commuters point to a poster sporting a caricature of a nearly nude Walter Mondale that promotes the curre ... Read full article

A federal bankruptcy judge Friday approved Residential Capital LLC ’s $596.5 million mortgage-backed securities settlement with bond insurer Financial Guaranty Insurance Co. Read the Daily Bankruptcy Review article here . ... Read full article

Associated Press American Airlines planes and a US Airways plane at parked at Washington’s Reagan National Airport on Aug. ... Read full article

A potential bidding war is brewing for Furniture Brands International Inc., the big furniture manufacturer that filed for Chapter 11 earlier this week with a plan to sell most of its assets to Oaktree Capital Management. Read the Daily Bankruptcy Review ... Read full article

David Paul Morris/Bloomberg News A plaque is displayed on the side of a wall at the City Hall building in Stockton Calif., on Feb. ... Read full article

This week on The Broke and the Beautiful, Alex Rodriguez’s troubles pushed the producer of a new cartoon into bankruptcy. Also, Warren Sapp’s shoes were finally sold and the former Versace mansion is about to hit the auction block. ... Read full article