News Topic: International

Reader’s Digest Association Inc. unveiled a restructuring plan to focus on its North American print and digital business Wednesday, as it prepares to emerge from bankruptcy protection. Read the Daily Bankruptcy Review article here . ... Read full article

The Irish government’s “bad bank” says developer Sean Dunne lied about his finances and concealed assets in his U.S. bankruptcy filings and in a meeting last month with creditors. ... Read full article

Shipping company Excel Maritime Carriers Ltd. filed for Chapter 11 bankruptcy protection late Monday after reaching a restructuring deal with its senior lenders. Read the Daily Bankruptcy Review article here . ... Read full article

Jefferson County, Ala., filed its bankruptcy-exit plan, the Birmingham Business Journal reports . Reader’s Digest Association Inc. on Friday received bankruptcy-court approval of its plan to exit bankruptcy in the hands of bondholders who are forgiving ... Read full article

Textbook publisher Cengage Learning Inc. is edging toward Chapter 11 bankruptcy protection, The Wall Street Journal reports . ... Read full article

A judge said Wednesday he will approve a $2.1 billion settlement involving mortgage lender Residential Capital LLC and parent company Ally Financial Inc. that could help Ally move forward on repaying its U.S. government bailout. Read the Daily Bankruptcy ... Read full article

Taiwanese shipping company TMT Group is gearing up for a fight over its right to remain in bankruptcy protection in the U.S. Read the Daily Bankruptcy Review article here . ... Read full article

Global shipping company TMT Group sought bankruptcy protection after failing to restructure its $1.46 billion debt load out of court. Read the Daily Bankruptcy Review article via The Wall Street Journal . ... Read full article

Eastman Kodak Co. reached a deal with three major banks to be provided with $895 million in debt financing following its planned emergence from bankruptcy. Click here for the Daily Bankruptcy Review article. ... Read full article

Eastman Kodak Co. said it reached a deal, subject to court approval, that would allow it to repay its second-lien creditors in cash instead of equity in the company. Click here for the Daily Bankruptcy Review article. ... Read full article

Bondholders are circling Exide Technologies Inc. looking for leverage in a Chapter 11 bankruptcy case that is shaping into a fast-moving revamp of the global battery business. Read the Daily Bankruptcy Review article here . ... Read full article

Troubled battery maker Exide Technologies Inc. filed for Chapter 11 bankruptcy protection early Monday as it faced $31 million in interest payments in August and the maturity of nearly $52 million in convertible notes in September. Read the Daily ... Read full article

Jefferson County, Ala., leaders voted Tuesday to accept a debt-settlement plan that will dramatically slash the $3.1 billion owed on its sewer system and allow the struggling county to get out of bankruptcy. Read the Daily Bankruptcy Review article here . ... Read full article

Associated Press In this Nov. ... Read full article

This week on The Broke and the Beautiful, Sinbad is in bankruptcy, and Joe Francis is mad at the jury that convicted him of assault. Also, the IRS wants to resolve Dionne Warwick’s unpaid taxes. ... Read full article

William H. Millard, once one of America’s wealthiest chief executives at the helm of the ComputerLand Corp. retail chain, has sought creditor protection in the U.S., telling a New York bankruptcy judge that he’s not a notorious tax fugitive but the target ... Read full article

European Pressphoto Agency Defunct investment bank Lehman Brothers Holdings Inc. said it has agreed to sell $4.22 billion of its general unsecured claims against its brokerage unit Lehman Brothers Inc. ... Read full article

A new report that looks at the Commodity Futures Trading Commission’s response to MF Global Holdings Ltd. ’s collapse criticizes Chairman Gary Gensler, and has new questions about MF Global’s collapse, The Wall Street Journal reports . ... Read full article