Liquidation

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.

The Wall Street Journal has more on Detroit residents speaking out to a bankruptcy judge on their fears of not getting full pensions.

Read more about the bankruptcy filing of golf-course retirement community Devonshire in Daily Bankruptcy Review.