Forward Motions

Next Week in Bankruptcy

01/08/16
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General Motors Co.’s first trial over faulty i

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Next Week in Bankruptcy

12/18/15

A federal judge will hear protests on Wednesday from bondholders who say the city of San Bernardino, Calif., shouldn’t leave bankruptcy protection without making a higher repayment offer on roughly $51 million worth of bonds.

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Next Week in Bankruptcy

12/11/15

Next week will be busy for the bankruptcy courts as bankrupt companies vie for sign-offs before the Christmas holiday break.

Energy Future Holdings Corp. on Wednesday will request permission from a Wilmington, Del., bankruptcy judge to pay up to $158 million in bonuses to hundreds of employees.

The Texas energy company would like to pay annual bonuses to rank-and-file employees next year, saying the bonuses are “are reasonable in cost, will generate substantial additional value in these chapter 11 cases and comply with all applicable provisions of the bankruptcy code.”

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Next Week in Bankruptcy

12/04/15

F-Squared Investments Inc., an investment firm that failed earlier this year following a dispute with the U.S. Securities and Exchange Commission, is hoping to move closer to wrapping up its bankruptcy case.

On Monday, F-Squared will ask Judge Laurie Silverstein of the U.S. Bankruptcy Court in Wilmington, Del., to authorize it to put its plan to repay its debts to a creditor vote.

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Next Week in Bankruptcy

11/20/15

As Thanksgiving approaches, the bankruptcy court will be closed on Thursday and Friday of next week. But a few bankruptcy debtors will be squeezing in hearings next week before the break.

On Tuesday, Walter Energy Inc. will ask the U.S. Bankruptcy Court in Birmingham, Ala., to approve rules governing an auction for its assets.

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Next Week in Bankruptcy

11/13/15

Another $1.2 billion could soon be divided among Bernard Madoff’s cheated investors if a bankruptcy judge approves that payout at a court hearing scheduled for Wednesday.

The money won’t flow until Judge Stuart Bernstein of the U.S. Bankruptcy Court in Manhattan signs off on it. Under the proposal, the average payment amount for investors is $1.1 million, though payments range from less than $1,300 to more than $200 million for one investor.

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Next Week in Bankruptcy

11/06/15

The Roman Catholic Archdiocese of Milwaukee will appear in a federal courtroom Monday to ask a judge to formally wind down its bankruptcy, which has dragged out over nearly five years and provoked bitter legal battles that went as high as the U.S. Supreme Court.

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Next Week in Bankruptcy

10/30/15

Hearings on Energy Future Holdings Corp.’s plan to rework some $42 billion in debt begin next week in a Wilmington, Del., courtroom.

On Tuesday, lawyers for Energy Future will go before Judge Christopher Sontchi to prove that the company’s plan is both fair to creditors and will resolve the financial troubles that triggered its bankruptcy.

The Dallas power giant is pushing to get out of bankruptcy through a combination of deals and debt-for-equity swaps that will divide its business in two.

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Next Week in Bankruptcy

10/23/15

The fate of the once-ubiquitous Columbia House, the mail-order music firm that advertised cassette tapes for a penny, could crystallize next week in bankruptcy court.

Lawyers for the brand’s owner are preparing to hold an auction on Wednesday if they take in multiple purchase offers by Monday’s bid deadline, according to documents filed in U.S. Bankruptcy Court in Manhattan.

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