News Topic: Chapter 9

Energy Future Holdings Corp.’s $42 billion bankruptcy will remain in Delaware, a judge said Thursday, dashing the hopes of unhappy creditors who wanted to see the big Chapter 11 case moved to the company’s home state of Texas. The Wall Street Journal has ... Read full article

Creditors have raised questions about what happened in the final days before Coldwater Creek handed over the keys to its 330-store chain to liquidators in bankruptcy. The Wall Street Journal has the Daily Bankruptcy Review article here . ... Read full article

Konrad Fiedler/Bloomberg News Brookstone Holdings Corp.’s creditors can begin voting on a bankruptcy-exit plan that relies on the sale of the specialty retailer at an upcoming auction. ... Read full article

A government bankruptcy watchdog wants the attorneys and advisers working on Freedom Industries Inc.’s Chapter 11 case to temporarily forgo some of their fees until it’s determined how much the company will need to pay to clean up the West Virginia ... Read full article

Senior lenders of a major Energy Future Holdings Corp. unit have moved to protect their claim to a $665 million early-payment premium, which was thrown into jeopardy when the company filed for bankruptcy protection. The Wall Street Journal has the Daily ... Read full article

Energy Future Holdings Corp.’s bid to revamp the balance sheet of one of its major divisions is taking more fire from investors the company would like to see sign on to the deal. Read the Daily Bankruptcy Review article here . ... Read full article

Investors owning $1.7 billion or more in top-ranking debt say a $7.3 billion piece of Energy Future Holdings Corp.’s financing plan is a flawed and “incoherent” attempt to evade bankruptcy rules. Read the Daily Bankruptcy Review article here . ... Read full article

Nathan Denette/Associated Press With $7.3 billion up for grabs, Nortel 's ... Read full article

In the days following Genco Shipping & Trading Ltd. ‘s billion-dollar Chapter 11 filing, investment funds Aurelius Capital Partners and Och-Ziff Capital Management Group bought up stock in the dry bulk shipper, even though the stock is slated to be ... Read full article

A judge on Thursday said some of Dish Network Corp. Chairman Charlie Ergen’s nearly $1 billion in claims in the wireless venture’s bankruptcy case will be subordinated below those of other creditors. However, in a separate ruling, she refused to approve ... Read full article

A bankruptcy judge Tuesday rebuffed TelexFree LLC’s efforts to keep its Chapter 11 proceedings out of Massachusetts, where most of the company’s assets and operations are based. The Daily Bankruptcy Review article is available here . ... Read full article

LightSquared’s reorganization plan gives too much to value to the wireless venture’s top shareholder,  Philip Falcone , and shouldn’t be approved, a lawyer for Dish Network Corp.  Chairman Charlie Ergen said Monday. Read the Daily Bankruptcy Review ... Read full article

GSE Environmental Inc. placed its North American operations under Chapter 11 bankruptcy protection on Sunday, with a plan to hand them off to secured lenders. Read the Daily Bankruptcy Review article in The Wall Street Journal . ... Read full article

The TXU Monticello Steam Electric Station power plant near Mt. Pleasant, Texas, in February 2007. Reuters Energy Future Holdings Corp. ... Read full article

The Chapter 9 bankruptcy case of Stockton, California has come to an unexpectedly quick and consensual resolution . The outcome here, which will see the city’s pension obligations maintained, is particularly surprising given the vehement opposition of ... Read full article

The chapter 9 bankruptcy case of the City of Detroit has been as complex and litigious as anticipated .  Nevertheless, Emergency Manager Kevyn Orr has kept plodding forward, and last week filed a proposed plan of adjustment , the road map for the Motor ... Read full article

Last week’s ruling by ... Read full article

Sbarro LLC announced that it is moving forward with its original restructuring plan—a debt-for-equity swap—after receiving no bids that would allow the pizza retailer to hold an auction for its assets, Daily Bankruptcy Review reports via The Wall Street ... Read full article