International

Debt holder losses on defaulted debt were in line with Moody’s Investor Service predictions, a new analysis of hundreds of bankruptcies by the credit ratings agency showed. Read the Daily Bankruptcy Review article here.

Energy Future Holdings Corp. will continue making its case next Wednesday in Wilmington, Del., to pay as much as $18 million in bonuses to upper management. A hearing on the matter began on Oct. 8 and spilled into Oct. 9, as the company faces a fight from U.S. Trustee Roberta A. DeAngelis.

Among Ms. DeAngelis’s problems with the package is a pre-existing bonus arrangement that could nearly double the amount Energy Future is seeking.

Even as 

The operator of the Indiana Toll Road’s fast-track restructuring is under way, with an October court date to secure approval of its plan to tackle some $6 billion in debt. The Wall Street Journal has the Daily Bankruptcy Review article here.

Energy Future Holdings Corp. is “in the midst of a bidding war” and still talking to NextEra Energy Inc., the Florida company that sparked a competition that shook up one of the biggest bankruptcies on record, company attorney Edward Sassower said Tuesday. Read the story in the Daily Bankruptcy Review.