Chapter 9

Now It Gets Interesting – Stockton, CA Found Eligible to Remain in Chapter 9

04/09/13

Nearly nine months after it filed for protection under Chapter 9 of the Bankruptcy Code, a federal bankruptcy judge last week determined that the city of Stockton, California has satisfied the requirements of Section 109(c) of the Bankruptcy Code and may proceed with its efforts to adjust its massive bond, pension and employee o

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The Daily Docket: Trustee Blasts ResCap Bonus Proposal

04/05/13

U.S. Trustee Tracy Hope Davis, a federal bankruptcy monitor, is railing against Residential Capital LLC’s bid to pay bonuses to top employees, saying the company must do more to prove some of the bonuses comply with the Bankruptcy Code. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Lehman Reaches Deal With Holdout Swiss Unit

04/04/13
Agence France-Presse/Getty Images

Lehman Brothers Holdings Inc.

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The Daily Docket: Judge Allows Stockton to Stay in Chapter 9

04/02/13

A federal judge allowed Stockton, Calif., to restructure its finances under bankruptcy protection Monday, but he signaled it might have to cut payments to its pension fund, possibly setting a precedent for other cities. Read the Daily Bankruptcy Review article The Wall Street Journal.

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The Broke and the Beautiful: Dionne Warwick Edition

03/29/13

This week on The Broke and the Beautiful, singer Dionne Warwick says a little prayer in bankruptcy, and a new book paints a foul picture of Lenny Dykstra. Also, actor Alec Baldwin is helping out Central Falls High School in its bid to enter a chess tournament.

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The Daily Docket: Ex-Howrey Partners Look to Settlement Talks

03/25/13

Some former partners of Howrey LLP have agreed to spend the next several months in settlement talks to avoid litigation over the defunct law firm’s 2011 collapse. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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The Daily Docket: Aurelius Sues Over Loan Deal

03/21/13

Hedge fund Aurelius Capital Master Ltd. is suing an Energy Future Holdings Corp. unit and some current and former directors over a loan deal tied to the $32 billion leveraged buyout that loaded the Texas power company with debt. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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The Daily Docket: Dex One, SuperMedia Enter Bankruptcy

03/18/13

Yellow-pages companies Dex One Corp. and SuperMedia Inc. have both voluntarily filed for Chapter 11 bankruptcy protection as part of their previously announced all-stock merger deal. Read the article in Daily Bankruptcy Review.

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