International

Spanish media company Promotora de Informaciones SA , also known as Prisa, is thinking about filing for Chapter 11 in the U.S., The Wall Street Journal reports.

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.

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 $231 million in debt. Read the Daily Bankruptcy Review article here.

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 Review article here.

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.