Chapter 9

The Stockton Bankruptcy: Should Investors Be Worried?

06/26/12

By Ben Levisohn

The Los Angeles Times is reporting that the Stockton, Calif., City Council plans to vote tonight on whether or not to declare bankruptcy. If it votes yes, the city would become the largest in U.S. history to enter Chapter 9.

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The Daily Docket: Cinram Enters Bankruptcy

06/26/12

Struggling to figure out how to sell DVDs and CDs in a download-driven world, Toronto-based movie and music seller Cinram International Inc. has filed for bankruptcy protection while its executives move to sell its operations. Read the Daily Bankruptcy Review Small Cap article here.

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The Daily Docket: Ritz Camera Enters Bankruptcy

06/25/12

Camera retailer Ritz Camera & Image LLC filed its second Chapter 11 bankruptcy petition since 2009. Read the Daily Bankruptcy Review Small Cap article here.

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The Daily Docket: Ex-First Regional Parent Enters Bankruptcy

06/21/12

The holding company behind the failed First Regional Bank in Los Angeles, whose $2.18 billion in assets were seized by federal banking regulators nearly 18 months ago, has filed for bankruptcy protection with just a fraction of that amount—$1.3 million—left in its coffers. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Berkshire, Nationstar Named Lead Bidders for ResCap

06/20/12
Reuters
Warren Buffett holds a Dairy Queen ice cream bar and answers reporters’ questions before the Berkshire Hathaway annual meeting in April 2011. 

Wa

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The Daily Docket: Judge Rules for Vitro Bondholders

06/14/12

A U.S. federal judge refused Wednesday to enforce Mexican glassmaker Vitro SAB’s controversial debt restructuring in a closely watched bankruptcy case that threatened to sever the cross-border business cooperation between the two nations’ legal systems. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Schilling’s 38 Studios Enters Bankruptcy

06/08/12

Former Boston Red Sox pitcher Curt Schilling’s videogame company, 38 Studios LLC, filed for Chapter 7 bankruptcy liquidation. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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The Daily Docket: Barclays Favored in Lehman Trustee Dispute

06/06/12
Getty Images

A judge on Tuesday ruled largely for Barclays PLC in the bank’s ongoing dispute with the trustee unwinding Lehman Brothers Holdings Inc.’s brokerage stemming from Barclays’ 2008 purchase of the brokerage, a decision th

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The Daily Docket: Justice Department Presses Attorneys to Justify Fees

06/04/12
Getty Images

The Justice Department has grown increasingly restless with attorney fees—often exceeding $1,000 an hour—paid by companies going through a bankruptcy reorganization.

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The Daily Docket: Pemco Creditors Demand Payment

06/01/12

Creditors of Pemco World Air Services Inc. are demanding that the company’s majority owner, private equity firm Sun Capital Partners Inc., pay back two years’ worth of management fees. Read the DBR Small Cap article here.

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