News Topic: Defaults

Years after the worst of the housing crisis, states still dealing with high foreclosure activity are weighing laws to speed the process on vacant or abandoned properties. ... Read full article

New research from the New York Fed confirms a lingering worry for the banking industry: More prime-age, college-educated borrowers are delaying the decision to take out their first mortgage as they focus instead on paying off their student loans. ... Read full article

Ocwen Financial is a step closer to the day when it can resume purchases of mortgage servicing rights. ... Read full article

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The Roman Catholic Diocese of Duluth, Minn., filed for bankruptcy Monday after being hit with an $8.4 million verdict in a clergy sex abuse case, Read the Daily Bankruptcy Review story via The Wall Street Journal .  Last month, a jury awarded $8.4 million ... Read full article

Energy Future Holdings Corp. won confirmation Thursday of its $42 billion chapter 11 plan after lining up support for the proposal from its numerous creditors,  Daily Bankruptcy Review reported via the Wall Street Journal . A bankruptcy judge approved the ... Read full article

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 ... Read full article

The team unwinding Lehman Brothers Holdings Inc. boosted its estimate of how much cash it expects to bring in for creditors to $90.6 billion, buoyed primarily by a settlement with Lehman Brothers Bankhaus A.G., the German arm of Lehman’s ... Read full article

Caesars Entertainment Corp . may have violated federal law when it shuffled its casino assets, said a federal judge in a ruling that could complicate the casino company’s efforts to unload $18.4 billion in debts in a bankruptcy restructuring of its ... Read full article

Teen retailer Wet Seal  Inc. filed for Chapter 11 bankruptcy protection early Friday morning, hoping to salvage some of its stores using a financing offer from B. Riley Co. LLC, The Wall Street Journal reports . The filing followed warnings that Wet Seal ... Read full article

Gambling giant   Caesars Entertainment   Corp. put its largest unit into Chapter 11 protection in Chicago early Thursday morning, leaving it to a judge to settle the bitter dispute among the company’s creditors and the investment firms whose buyout left ... Read full article

The Wall Street Journal reports that teen retailer Delia’s filed for Chapter 11 bankruptcy protection. ... Read full article

While restructuring professionals have proposed some interesting changes to the bankruptcy code , it’s also striking what their 370-page report leaves out. Here are some hot topics in the bankruptcy world that  wouldn’t  be affected: Distressed-Debt ... Read full article

Teen clothing retailer Delia*s  Inc. will file for bankruptcy and shut down after it couldn’t find a merger partner or another source of money to survive after years of steady losses, The Wall Street Journal reports . The retailer’s shelves could start ... Read full article

NII Holdings  Inc. on Monday announced a restructuring deal that would put the Latin American  Nextel  carrier in the hands of its bondholders. Read Joe Checkler’s Daily Bankruptcy Review story in The Wall Street Journal. ... Read full article

An investment fund that parked all of its money with  Bernard Madoff  has agreed to give up $95 million for the benefit of Mr. Madoff’s victims in the second major settlement announced this week by the court-appointed official tracking down money tied to ... Read full article

Mutual fund giant Franklin Templeton Investments is appealing a judge’s decision to allow the city of Stockton, Calif., to exit bankruptcy under a plan that pays Franklin-managed funds a fraction of the $37 million owed them but makes full payments for ... Read full article

OW Bunker vessels in Singapore. O.W. Bunker Denmark’s O.W. Bunker AS on Thursday placed its U.S. ... Read full article