News Topic: Chapter 9

As Lehman Brothers Holdings Inc. prepares to start paying out some $65 billion to its creditors, it’s seeking approval of deals to bring more than $390 million into its coffers. Read the Daily Bankruptcy Review article here . ... Read full article

Reuters Jefferson County, Ala., is rallying to protect the settlement it received as a result of its disastrous sewer-debt deal from flowing back to Wall Street. ... Read full article

The owner of several luxury resorts has won permission to place its Doral Golf Resort & Spa on the auction block, with a $150 million bid from Donald Trump’s hotel group leading the way. Read the Daily Bankruptcy Review article here . ... Read full article

Associated Press The Army Corps of Engineers gets rid of debris in the tornado affected area of Walker, Ala., on May 31. Fearful of a future financial punch, Jefferson County ... Read full article

Newspaper publisher Lee Enterprises Inc. filed for Chapter 11 bankruptcy protection Monday in a bid to refinance nearly $984 million in debt that’s due to mature in the spring. Read the Daily Bankruptcy Review article here . ... Read full article

Fox Sports faced a skeptical judge Wednesday, when it launched its attack on the Los Angeles Dodgers’ plan to put the team’s future broadcast rights on the bankruptcy auction block. Read the Daily Bankruptcy Review article here . ... Read full article

Melanie Cohen NYC OTB In the past two years, two of New York state’s six off-track-betting organizations faced challenges to their ability to seek bankruptcy protection with vastly ... Read full article

Newspaper publisher Lee Enterprises Inc. said Friday it’s preparing to file a prepackaged Chapter 11 bankruptcy within the next 10 days as it struggles to refinance its heavy debt load. Read the Daily Bankruptcy Review article here . ... Read full article

AMR Corp., the parent company of American Airlines, filed for Chapter 11 protection Tuesday, The Wall Street Journal reports . ... Read full article

Sorry, Meredith Whitney, but your prediction of hundreds of billions of dollars in municipal bond defaults will just not come to pass. So says a panel of restructuring experts, pointing to not only a lack of political will but also to legal hurdles for ... Read full article

A judge on Thursday approved the transfer of more than 22,000 MF Global Holdings Ltd. brokerage accounts to new dealers, granting an emergency request from the trustee unwinding the company’s brokerage. Read the Daily Bankruptcy Review article here . ... Read full article

Tribune Co. is pushing to get out of bankruptcy fast but is battling challenges from major creditor camps to the rejection of a Chapter 11 plan, which the company says is easily repaired. Read the Daily Bankruptcy Review article here . ... Read full article

The Wall Street Journal reports that a group of Dynegy Holdings’ bondholders want a judge to appoint someone to probe some “unusual” transactions leading to its bankruptcy filing. ... Read full article

Lehman Brothers Holdings Inc. will sell its 49% stake in asset manager Neuberger Berman to Neuberger’s employees for $1.5 billion, which would benefit Lehman’s creditors and put Neuberger on a path toward 100% employee ownership. Read the Daily Bankruptcy ... Read full article

Alabama’s Jefferson County filed for Chapter 9 protection Wednesday evening with more than $3 billion in debt, the largest bankruptcy of its kind, The Wall Street Journal reports . ... Read full article

A bankruptcy judge on Tuesday slashed the amount of money Dynegy Inc.’s holding company can immediately lend to four subsidiaries to keep the entities running during bankruptcy, in light of serious questions raised in court by Dynegy bondholders. Read the ... Read full article

Dynegy Inc.’s holding company filed for Chapter 11 protection Monday night, The Wall Street Journal reports . The bankruptcy filing could cause bondholder losses without harming shareholders of the parent company. ... Read full article

Los Angeles Dodgers owner Frank McCourt on Tuesday made a deal with Major League Baseball Tuesday to sell the team, the Associated Press reports . ... Read full article