Chapter 9

A judge on Wednesday approved a financing deal worth $843.7 million for Eastman Kodak Co., a package the company said should help it emerge from bankruptcy protection around midyear.

American Airlines parent AMR Corp.

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.

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 legacy costs, incurred when the auto industry thrived and the population well exceeded a million citizens, are now heav

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 reports.