News Topic: Chapter 9

The battle in California municipal bankruptcies between bond investors and Calpers , the California public employee pension system, began in the Stockton Chapter 9 bankruptcy case and continues unabated in the bankruptcy ca ... Read full article

Bloomberg Travelers check in for flights at the American Airlines Inc. counter at LaGuardia Airport on Nov. 21, 2012. American Airlines parent AMR Corp. ... Read full article

European Pressphoto Agency Eastman Kodak Co. ... Read full article

Wall Street bond insurers say Stockton, Calif., leaders overlooked cost-cutting measures and failed to raise taxes before putting it under bankruptcy protection. Read the Daily Bankruptcy Review article here . ... Read full article

Edison International 's  Edison Mission Energy has filed for Chapter 11 bankruptcy protection after reaching a settlement with Edison International and certain of its senior unsecured noteholders. Read the article in Daily Bankruptcy Review . ... Read full article

Detroit has seen signs of revival in its urban core following the near-death experiences of GM and Chrysler. Unfortunately, its municipal finances remain beaten down by the city’s long and precipitous decline over the past several decades. Labor and ... Read full article

A federal judge on Tuesday approved the sale of A123 Systems Inc., the government-backed battery maker that has yet to turn a profit, to China’s Wanxiang America Corp. for $256.6 million. Read the Daily Bankruptcy Review article here . ... Read full article

Chinese-owned auto-parts manufacturer Wanxiang America Corp. won the bidding for A123 Systems Inc. , the government-backed battery maker that has yet to turn a profit, at a bankruptcy auction that ended early Saturday morning, The Wall Street Journal ... Read full article

K-V Pharmaceutical Co. said it will pay Hologic Inc. ... Read full article

A group of bidders is offering more than $500 million for Eastman Kodak Co. ’s trove of digital patents, The Wall Street Journal reports . ... Read full article

A U.S. appellate court on Wednesday upheld a bankruptcy court decision to reject Mexican glassmaker’s Vitro SAB’s controversial bankruptcy plan, a big win for bondholders that have been sparring with the company for years over its controversial debt ... Read full article

Reuters Hostess employees strike in front of one of the bakeries in Los Angeles. The union behind the crippling strike that Hostess Brands Inc. ... Read full article

The Republic/Associated Press The bankruptcy judge for Hostess Brands Inc. asked it and its bakers union to mediate. ... Read full article

The government’s bankruptcy watchdog says A123 Systems Inc.’s attempt to pay millions of dollars in “incentive” bonuses to a handful of the battery maker’s insiders appears to be a disguised bid to award the employees with illegal “retention” bonuses. ... Read full article

Following the recent collapse of a deal to sell its business to Chinese aircraft manufacturer, Hawker Beechcraft Inc. has filed a new plan to exit bankruptcy in the hands of a group of hedge funds that includes Bain Capital’s Sankaty Advisors. Read the ... Read full article

Warren Buffett  ’s Berkshire Hathaway Inc. was the winning bidder in a bankruptcy auction for a portfolio of loans from Residential Capital LLC , the subprime mortgage unit of government-owned Ally Financial Inc., ResCap said Thursday. Read the Daily ... Read full article

With a $3 billion bid Ocwen Financial Corp. was named the winner Wednesday in a bankruptcy auction for the mortgage-servicing and origination assets of lender Residential Capital LLC. Read the article in Daily Bankruptcy Review . ... Read full article

A former Taylor Bean and Whitaker Corp. subsidiary is renewing its bid to probe whether Freddie Mac “aided and abetted” the multibillion-dollar bank fraud at the failed mortgage lender. Read the Daily Bankruptcy Review article here . ... Read full article