Chapter 9

The Daily Docket: Corus Bankshares Rises From the Ashes

07/07/11

After its liquidation proposal was rejected, Corus Bankshares Inc., an Illinois holding company that had its primary asset–its bank–stripped from it nearly two years ago, reversed course and is poised to pitch creditors on a plan to emerge from bankruptcy. Read the Daily Bankruptcy Review story here.

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The Daily Docket: Dodgers Seek Selig’s Testimony

07/05/11

The Los Angeles Dodgers are demanding that Major League Baseball Commissioner Bud Selig and a slew of other officials submit testimony as part of the team’s Chapter 11 bankruptcy case. Read the Daily Bankruptcy Review story here.

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The Daily Docket: Life Sentence for Farkas?

06/24/11

Federal prosecutors say Lee Farkas should spend the rest of his life behind bars because the former chairman of mortgage lender Taylor, Bean & Whitaker Mortgage Corp. continues to deny responsibility for the devastation he wrought as the mastermind of a multibillion-dollar “fraud of staggering proportions.” Read the Daily Bankruptcy Review story here.

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The Daily Docket: Judge Approves Borders Sale Plan

06/23/11

A judge on Wednesday gave Borders Group Inc. the go-ahead on an aggressive schedule that the bookseller hopes will result in a bidder for its remaining assets emerging by July 1 and a transaction closing by the end of July, as the bookseller looks to keep at least some of its remaining locations in business. Read the Daily Bankruptcy Review story here.

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The Daily Docket: W.R. Grace Pursues Acquisition

06/22/11

W.R. Grace & Co. is seeking bankruptcy-court permission to compete at an auction for a “highly confidential potential strategic transaction” as it awaits the final word on its Chapter 11 exit plan. Read the Daily Bankruptcy Review story here.

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The Daily Docket: Aurelius Balks at Washington Mutual Probe

06/21/11

Aurelius Capital Management, one of the big hedge funds accused of benefiting from insider trading in the bankruptcy case of Washington Mutual Inc., says it’s the victim of a “shakedown” by the committee representing aggrieved investors. Read the Daily Bankruptcy Review story here.

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The Daily Docket: Station Casinos Exits Bankruptcy

06/20/11

Las Vegas casino operator Station Casinos LLC on Friday emerged from Chapter 11 bankruptcy protection controlled by the company’s founding Fertitta family, ending a nearly two-year restructuring odyssey. Read the Daily Bankruptcy Review story here.

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The Daily Docket: Creditors Blast Blockbuster Sale

03/02/11

Unsecured creditors of Blockbuster Inc. are calling for the company’s bankruptcy case to be converted to a Chapter 7 liquidation from Chapter 11 unless significant changes are made to the movie-rental chain’s plans to sell itself to a group of senior noteholders. Read the Daily Bankruptcy Review story here.

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