Daily Docket

Puerto Rico Misses $58 Million Bond Payment

08/04/15

Puerto Rico missed most of a $58 million bond payment Monday, marking the first default by the U.S. commonwealth and escalating its attempt to restructure about $72 billion in debt, The Wall Street Journal reported. The payment to bondholders is the first skipped since Gov. Alejandro García Padilla in June said the island’s debts were unsustainable and urged negotiations with creditors, which range from individuals to hedge funds.

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Coal Miner Alpha Natural Resources Files For Bankruptcy

08/03/15

Alpha Natural Resources Inc., one of the largest U.S. coal producers, filed for chapter 11 bankruptcy protection on Monday to cut its more than $3 billion debt load, The Wall Street Journal reported. The Bristol, Va., company will likely sell some of its best mines or turn them over to creditors.

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Film Studio Relativity Media Enters Bankruptcy, Plans to Sell Itself at Auction

07/31/15

: Ryan Kavanaugh, Relativity Media CEO, takes part in a panel titled “Can Hollywood Speak Chinese?” during the Milken Institute Global Conference in Beverly Hills, Calif., in April.

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Caesars Can’t Ouickly Appeal Ruling

07/30/15

: John Greim/LightRocket/Getty Images

A bankruptcy judge won’t let Caesars Entertainment

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Baha Mar Contractor, Export-Import Bank of China Want Bankruptcy Tossed

07/29/15

: Construction of the Baha Mar resort on the beach on New Providence island, Bahamas, May 2014.; Craig Karmin/The Wall Street Journal

The Export-Import Bank o

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Baha Mar Developer Izmirlian Wants Lender to Get Rid of Contractor

07/28/15

: Construction of the Baha Mar resort on the beach on New Providence island, Bahamas, July 2014.; Baha Mar

Bahamas resort Baha Mar’s developer Sarkis Izmir

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MF Global Parent to Get Brokerage’s Litigation Rights

07/27/15

MF Global’s brokerage will give pending litigation against its leaders to its parent company in a new deal that will let it almost fully pay its unsecured creditors. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Amended Energy Future Plan Would Give Option for Bondholder Buyout of Oncor

07/24/15

Energy Future Holdings Inc. amended its chapter 11 plan, which would give an option for a bondholder buyout of its Oncor business. The Daily Bankruptcy Review article is available in The Wall Street Journal.

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