News Topic: International

Jim Rydbom/Associated Press Kodak Colorado Division Building C-29 Eastman Kodak Co. was cleared Tuesday to emerge from bankruptcy court, putting a bookend on an American ric ... Read full article

Furniture Brands International Inc., one of the nation’s largest home furniture makers, has tapped restructuring lawyers and advisers to deal with its debt load, people familiar with the matter said. Read the Daily Bankruptcy Review article via The Wall ... Read full article

Jim Rydbom/Associated Press Kodak Colorado Division Building C-29 Eastman Kodak Co. ... Read full article

According to The Wall Street Journal , The Department of Justice on Tuesday moved to block the merger of American Airlines parent AMR Corp. and US Airways Group Inc. , which could hurt AMR’s plan to leave b ... Read full article

The railway company that operated the train that derailed and exploded last month, killing 47 people and destroying part of a small town in Quebec, sought bankruptcy protection in the U.S. and Canada on Wednesday with the intention to sell the business. ... Read full article

Ambulance company Rural/Metro Corp., which provides ambulance service in rural communities, is getting ready for a possible bankruptcy, The Wall Street Journal reports . ... Read full article

Detroit’s bankruptcy judge has proposed to hold a trial in October for the city’s retirees and bondholders to argue that Michigan law blocks the city from using the power of bankruptcy to cut more than $18 billion in debt. Read the Daily Bankruptcy Review ... Read full article

Cengage Learning Inc.’s unsecured creditors are accusing the company’s first-lien lenders, including current equity owner Apax Partners L.P., of orchestrating a “value-grabbing effort” to deleverage the company and capture all its value at the expense of ... Read full article

This week on The Broke and the Beautiful, we’ve got more on the upcoming auction of Casa Casuarina, as well as some informational tidbits about the former Versace mansion. Also, former Atomic Kitten singer Kerry Katona was tapped to play Marilyn Monroe in ... Read full article

MF Global Holdings Ltd. has struck a deal with J.P. Morgan Chase & Co. that calls for the bank to pay MF Global a portion of what the bank recovers in the case, a settlement that MF Global’s administrator says avoids “years of costly and complex ... Read full article

Troubled companies from as far away as Taiwan are eschewing their home courts in favor of a U.S. Chapter 11 bankruptcy case. ... Read full article

The federal judge handling the nation’s largest municipal-bankruptcy case ruled Wednesday that the city of Detroit is entitled to protection from state lawsuits challenging its bankruptcy filing. Read the Daily Bankruptcy Review article via The Wall Steet ... Read full article

Mexican phone company Maxcom Telecomunicaciones S.A.B. filed for Chapter 11 bankruptcy protection in the U.S. late Tuesday after reaching a deal with its creditors that would hand control of the company to a group of investors led by private equity firm ... Read full article

Poised to break pension promises to more than 23,500 retired city workers, cops and firefighters, Detroit’s bankruptcy attorneys said that those retirees deserve an official committee to speak for them as the 686,000-resident city struggles to unload ... Read full article

This week on The Broke and the Beautiful, boy-band mogul Lou Pearlman’s investors will soon start voting on a repayment plan, and the Backstreet Boys are back in court to defend claims against Mr. Pearlman. Also, the former Versace mansion is headed for a ... Read full article

The city of Detroit filed for Chapter 9 protection in the biggest municipal bankruptcy case in U.S. history, The Wall Street Journal reports . Waste processor Synagro Technologies Inc. Thursday won court approval to poll creditors on its plan to bail out ... Read full article

K-V Pharmaceutical Co. received approval Tuesday to send its bankruptcy-exit plan to creditors for a vote. Read the Daily Bankruptcy Review article here . ... Read full article

A U.S. appellate court on Monday upheld a lower court’s decision to dismiss a lawsuit by retirees of Lehman Brothers Holdings Inc. that sought to hold the company’s directors, including former Chief Executive Dick Fuld, accountable for squandering their ... Read full article