A rental-car company needs more money, a veggie business is hoping for a healthy sale and a thrift store starts to liquidate, and are all on the bankruptcy agenda next week. Advantage Rent a Car has asked to borrow an additional $20 million in bankruptcy ... Read full article
The team winding down the remnants of Lehman Brothers Holdings Inc. has reached a far-ranging settlement resolving Fannie Mae’s $18.9 billion claim stemming from mortgage loans and mortgage-backed securities the failed investment bank sold to Fannie Mae ... Read full article
The team winding down the remnants of Lehman Brothers Holdings Inc. has reached a far-ranging settlement resolving Fannie Mae’s $18.9 billion claim stemming from mortgage loans and mortgage-backed securities the failed investment bank sold to Fannie Mae ... Read full article
Hedge-fund manager Stephen Ketchum on Wednesday said he couldn’t recall if Dish Network Corp. Chairman Charlie Ergen wanted to acquire a powerful “blocking” position in LightSquared ’s debt even though evidence presented to him suggested he knew that Mr. ... Read full article
Hedge-fund manager Stephen Ketchum on Wednesday said he couldn’t recall if Dish Network Corp. Chairman Charlie Ergen wanted to acquire a powerful “blocking” position in LightSquared ’s debt even though evidence presented to him suggested he knew that Mr. ... Read full article
A judge ruled that Detroit was eligible for Chapter 9 bankruptcy protection, The Wall Street Journal reports . Several former Dewey & LeBoeuf LLP partners face lawsuits demanding nearly $10 million, part of a continuing quest to recover the tens of ... Read full article
Agence France-Presse/Getty Images A trust representing “old” General Motors’ unsecured creditors agreed to stop trying to reclaim funds that GM had paid to a group of hedge funds, among them ... Read full article
Bank lenders Monday officially ratcheted down the pressure on Overseas Shipholding Group Inc. after the tanker company unveiled financial projections that will be the basis for restructuring talks. Read the Daily Bankruptcy Review article here . ... Read full article
Susan Walsh/Associated Press In this Tuesday, Dec. 13, 2011, file photo, former MF Global Holdings Ltd. ... Read full article
Associated Press/Jim Lukoski In this May 12, 1984 file photo, subway commuters point to a poster sporting a caricature of a nearly nude Walter Mondale that promotes the curre ... Read full article
Carolyn Kaster/Associated Press Harvey Miller, business finance and restructuring partner Weil, Gotshal & Manges LLP, is sworn in during a Financial Crisis Inquiry Commission ... Read full article
A potential bidding war is brewing for Furniture Brands International Inc., the big furniture manufacturer that filed for Chapter 11 earlier this week with a plan to sell most of its assets to Oaktree Capital Management. Read the Daily Bankruptcy Review ... Read full article
Associated Press This undated photo provided by Casa Casuarina shows the pool of Casa Casuarina, the mansion once owned by by Italian designer Gianni Versace, in Miami Beach, ... Read full article
Rebecca Cook/Reuters A group of AFSCME union city of Detroit worker retirees protest against any cuts in their pensions outside the city county building in downtown Detroit in ... 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
Against criticism from the U.S. government’s executive-bonus watchdog, attorneys for American Airlines’ parent company defended the $20 million severance payment promised to departing Chief Executive Tom Horton, arguing the bill would be paid once the ... Read full article
Robert Galbraith/Reuters If your law firm bailed out a partner from Dewey & LeBoeuf LLP as it sunk into bankruptcy, your firm might be getting subpoenaed soon. ... Read full article
More than two years after Howrey LLP’s dissolution and bankruptcy, the lawyers tasked with cleaning up the law firm’s messy demise are still picking up the pieces. In a four-month span, bankruptcy trustee Allan Diamond has sued 16 of the 70 some law firms ... 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
A federal bankruptcy judge Tuesday ruled that repurchase agreements don’t qualify for “customer status” in a failed brokerage business, a blow to a group of banks that had sought equal footing with customers in the liquidation of Lehman Brothers Holdings ... Read full article
