International

The Daily Docket: Berkshire Wins ResCap Loans

10/26/12

Warren Buffett ’s Berkshire Hathaway Inc. was the winning bidder in a bankruptcy auction for a portfolio of loans from Residential Capital LLC , the subprime mortgage unit of government-owned Ally Financial Inc., ResCap said Thursday. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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The Daily Docket: Nationstar Bids $2.67B in ResCap Auction

10/24/12

Nationstar Mortgage Holdings Inc. submitted a $2.67 billion bid at a bankruptcy auction for the mortgage assets of Residential Capital on Tuesday, topping a bid by Ocwen Financial Corp., people familiar with the matter said. Click here to read the article in Daily Bankruptcy Review.

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The Daily Docket: Solyndra Exit Plan Confirmed

10/23/12

A bankruptcy judge Monday confirmed Solyndra LLC’s Chapter 11 plan, brushing aside protests from the Department of Energy, which stands to lose most of the $527 million in taxpayer dollars it risked on the company. Read the Daily Bankruptcy Review article here.

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The Daily Docket: A123 Bidding War Heats Up

10/19/12

A bidding war for A123 Systems Inc. broke out in bankruptcy court Thursday between a spurned Chinese suitor and an American auto-parts maker. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Hawker Plans to Exit Bankruptcy on Its Own

10/18/12

Hawker Beechcraft said it plans to emerge from Chapter 11 protection as a standalone company and is no longer pursuing a transaction with China’s Superior Aviation Beijing Co. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Midland Says It Didn’t ‘Bully’ Resorts Into Sale

10/15/12

The fight to bring four marquee U.S. hotels out of bankruptcy is turning increasingly nasty, with a hedge fund accusing the company that oversees their mortgage debt of “bullying” management into accepting a $1.5 billion offer from Singapore’s sovereign wealth fund. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Pinnacle Unions Balk at Airline’s Attempts to Scrap Contract

10/09/12

Pinnacle Airlines Corp.'s thousands of pilots and flight attendants are objecting to the airline’s bid to scrap their contracts, a move the regional carrier says is necessary to exit bankruptcy protection. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Lehman, IRS Reach Deal

09/28/12
Reuters

Lehman Brothers Holdings Inc.

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The Daily Docket: Global Aviation Files Restructuring Plan

09/18/12

Global Aviation Holdings Inc. filed a restructuring plan that would hand ownership of its charter-airline service to its senior secured bondholders and cut its debt by about $168 million. Read the Daily Bankruptcy Review article here.

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