International

Energy Future Holdings Corp.

A bankruptcy judge on Thursday approved Genco Shipping and Trading Ltd.’s restructuring agreement with lenders and creditors, setting the shipping company on a path to exit bankruptcy in less than seven weeks. Read the Daily Bankruptcy Review article here.

Officials in charge of liquidating a pair of failed Irish banks are asking a U.S. bankruptcy judge to sign off on sales involving about EUR15 billion ($20.72 billion) in soured loans, as Ireland continues to dig out from the wreckage of its collapsed property market. The Wall Street Journal has the Daily Bankruptcy Review article here.

New York shipping tycoon Peter Georgiopoulos’s Genco Shipping & Trading filed for Chapter 11 bankruptcy protection Monday, with a prepackaged restructuring plan that was hammered out with creditors and unveiled earlier this month. Read the Daily Bankruptcy Review article via The Wall Street Journal.