Defaults

The Daily Docket: NII Holdings Skips an Interest Payment

08/18/14

Latin American Nextel wireless provider NII Holdings Inc. won’t make a $118.8 million interest payment to bondholders, the company announced Friday, days after it warned it would likely have to file for Chapter 11 bankruptcy protection. Read the Daily Bankruptcy Review story here.

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The Daily Docket: Argentina Just Hours From Debt Default

07/30/14

A group Argentina banks are working on a last-minute plan to help the country avoid default, The Wall Street Journal reports.

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The Daily Docket: Fisker Wins Approval of Liquidation Plan

07/29/14

The company once known as Fisker Automotive received court approval Monday on a Chapter 11 plan that will distribute money raised in the bankruptcy sale of the manufacturer of luxury hybrid sedans. Read the Daily Bankruptcy Review story in The Wall Street Journal.

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The Daily Docket: Court Rules Russia Owes Ex-Yukos Owners $50 Billion

07/28/14

A court in The Hague has ruled that Russia owes former shareholders of the now-defunct oil giant Yukos more than $50 billion in compensation for the government’s seizure of the company, The Wall Street Journal reports.

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The Daily Docket: Nortel Strikes $1 Billion Interest Cap With Bondholders

07/25/14

Nortel Networks Corp .’s U.S. division said Thursday it has reached a deal with bondholders owed nearly $4 billion to cap the interest they can collect at $1.01 billion. Read the Daily Bankruptcy Review story via The Wall Street Journal.

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