News Topic: Chapter 9

Eastman Kodak Co. is likely to officially leave bankruptcy Tuesday, USA Today reports . ... Read full article

Detroit lawyer Corinne Ball said that city leaders are “working mightily” to secure a loan. Read the Daily Bankruptcy Review article here . ... Read full article

The city of San Bernardino, Calif., won approval to restructure in Chapter 9 bankruptcy protection, The Wall Street Journal reports . A bankruptcy judge Wednesday confirmed K-V Pharmaceutical Co.’s Chapter 11 restructuring plan, which is based on a $275 ... Read full article

Rebecca Cook/Reuters A group of AFSCME union city of Detroit worker retirees protest against any cuts in their pensions outside the city county building in downtown Detroit in ... Read full article

A federal judge dismissed Bank of America Corp.’s $1.7 billion lawsuit against the Federal Deposit Insurance Corp., a win for the regulator in the long-running battle over who is ultimately on the hook for losses tied to the multibillion-dollar fraud at ... Read full article

Overseas Shipholding Group Inc. Monday said it may owe $460 million or more to the Internal Revenue Service, a finding that is likely to upset its Chapter 11 bankruptcy case. Read the Daily Bankruptcy Review article here . ... Read full article

Lehman Brothers Holdings Inc. is suing two entities controlled by German entrepreneur Klaus Tschira in a bid to recover 100 million euros Lehman says was transferred to one of his investment vehicles one business day before Lehman’s 2008 bankruptcy ... Read full article

National Envelope is seeking bankruptcy-court approval to sell its business to rival Cenveo Inc. for $25 million, while other buyers are stepping in to grab the envelope maker’s leftover assets. Read the Daily Bankruptcy Review article here . ... Read full article

Associated Press UMWA International President Cecil Roberts (left) holds had with supporters. ... Read full article

Jim Rydbom/Associated Press Kodak Colorado Division Building C-29 Eastman Kodak Co. was cleared Tuesday to emerge from bankruptcy court, putting a bookend on an American ric ... Read full article

Furniture Brands International Inc., one of the nation’s largest home furniture makers, has tapped restructuring lawyers and advisers to deal with its debt load, people familiar with the matter said. Read the Daily Bankruptcy Review article via The Wall ... Read full article

Jim Rydbom/Associated Press Kodak Colorado Division Building C-29 Eastman Kodak Co. ... Read full article

A judge declined to approve AMR Corp.’s plan to exit bankruptcy through a merger with US Airways Group Inc., citing the Justice Department’s antitrust lawsuit against the deal. Read the Daily Bankruptcy Review article via The Wall Street Journal . ... Read full article

AMR Corp. is set to move ahead with a Thursday court hearing on a bankruptcy-exit plan based on its merger with U.S. Airways Group Inc. , but the Justice Department’s antitrust lawsuit to block the tie-up adds great uncertainty to AMR’s Chapter 11 ... Read full article

According to The Wall Street Journal , The Department of Justice on Tuesday moved to block the merger of American Airlines parent AMR Corp. and US Airways Group Inc. , which could hurt AMR’s plan to leave b ... Read full article

Patriot Coal Corp. and its mine workers have reached a settlement in their long-standing labor fight, a deal that gives the workers “significant improvements” over Patriot’s labor-contract changes approved by a judge in May. Read the Daily Bankruptcy ... Read full article

EPA This October, Judge Steven Rhodes of the U.S. Bankruptcy Court in Detroit will preside over a trial on whether the city of Detroit was eligible to file for Chapter 9 bankruptcy protection last month. ... Read full article

Against criticism from the U.S. government’s executive-bonus watchdog, attorneys for American Airlines’ parent company defended the $20 million severance payment promised to departing Chief Executive Tom Horton, arguing the bill would be paid once the ... Read full article