Chapter 9

The Daily Docket: RG Steel Enters Bankruptcy

05/31/12

RG Steel LLC filed for Chapter 11 bankruptcy protection Thursday, days after admitting it was “confronted with an immediate, unexpected liquidity crisis.” Read the Daily Bankruptcy Review article here.

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The Daily Docket: LightSquared Lenders Doubt Future Success

05/24/12

LightSquared’s biggest lenders are questioning the company’s ability to clear regulatory hurdles and build out its high-speed wireless network, steps on which its viability depends. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Lawmakers Kill Jefferson County Rescue Bill

05/17/12

Alabama lawmakers refused to throw struggling Jefferson County a financial lifeline with a bill that would have allowed it raise millions of dollars in taxes. The move would have helped the county plug holes in its general fund and ease it out of bankruptcy sooner. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Lehman Blasts Banks’ Deal With Zell

05/09/12

Lehman Brothers Holdings Inc. lashed out at Sam Zell's deal with banks to extend Zell's option to buy their remaining stake in Archstone.


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The Daily Docket: Ala. Law Complicates Jefferson County’s Restructuring

05/08/12

Alabama’s constitution makes it nearly impossible for counties to raise taxes without state approval, a situation that has complicated efforts to bring debt-laden Jefferson County out of the largest bankruptcy in municipal history. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Hawker Enters Bankruptcy

05/04/12

Aircraft manufacturer Hawker Beechcraft Inc. sought bankruptcy protection Thursday, after striking a deal with creditors to swap some $2 billion in debt for control of the reorganized company. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Harrisburg City Council Attorney Says He’s Being ‘Ganged Up Upon’

04/26/12
Bloomberg

Some days it’s tough to be Mark D. Schwartz, Esq.

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The Daily Docket: Alabama Says Munis Can Enter Bankruptcy

04/23/12

Alabama’s top court ruled that the state’s struggling cities and counties have the power to file for Chapter 9 bankruptcy protection, a decision that largely frees the state’s most populous metropolitan area to move ahead with its five-month-old bankruptcy case. Read the Daily Bankruptcy Review article here.

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State Legislature to Alabama's Jefferson County: Drop Dead?

04/16/12

Opposing lawyers for Jefferson County, the debtor in the largest Chapter 9 municipal bankruptcy case ever filed, and the holders of its sewer warrants squared off last week in the ongoing fight over control of the County’s sewer system and the right to its revenues. (Expert witness

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EPA to Jefferson County: We’re Watching You

04/12/12
Getty Images
Environmental Protection Agency Administrator Lisa Jackson

As the money set aside to fix Jefferson County’s $3.2 billion sewer system comes under attack, the U

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