Liquidation

Under the reorganization plan, the lenders who funded the 2007 buyout will own Tribune after it exits bankruptcy. Tribune, based in Chicago, owes creditors about $13 billion. The company is valued at more than $7 billion, Tribune said in court papers.

Peregrine Financial Group Inc.’s Chapter 7 bankruptcy trustee won the right to spend some of $24 million of the failed firm’s money to pay for a supplemental bond insuring its assets. U.S. Bankruptcy Judge Carol A. Doyle granted trustee Ira ...

A federal agency is asking Congress to consider letting people wipe out some of their student debt by filing for bankruptcy protection. Consumer advocates, however, say the move will do little to help the vast majority of families struggling with college loans.

A bankruptcy judge Monday officially signed off on Tribune Co .’s Chapter 11 plan, endorsing final documents setting out the debt-for-equity swap that will make the media company property of hedge funds and banks. Read the Daily Bankruptcy Review article here.

San Diego Bankruptcy Attorney Craig Trenton specializes in chapter 7, chapter 13, along with other chapters of the bankruptcy code for both family and businesses seeking bankruptcy assistance. Craig Trenton launches new website http ...