Liquidation

The Daily Docket: Patriot Coal Bondholders May Not Recover Much in Restructuring

06/28/12

A shrinking cash position and mounting liabilities indicate that holders of Patriot Coal Corp.’s convertible bonds would be hard pressed to recover much of their investment in case of a restructuring, credit market watchers say. Read the Daily Bankruptcy Review article here.

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3 things I learned from bankruptcy - MSN Money

06/28/12

This guest post comes from Andrea Whitmer at So Over Debt. I've posted about my experience with Chapter 7 bankruptcy several times, including a detailed explanation of how bankruptcy works. One thing I haven't done, though, is talk much about how that ...

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Municipal Bankruptcy Could Have Lasting Consequences For Weak Local Governments - Huffington Post

06/28/12

The economic and social fallout will last for years. After the Chapter 9 bankruptcy filing, Stockton will find it hard - if not impossible - to tap America's $3.7 trillion municipal bond market. Although Stockton is poised to make history as the ...

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Stockton, California, to File for Bankruptcy, City Says - Yahoo Finance

06/27/12

Biggest Bankruptcy The biggest municipal bankruptcy was filed last ... payments and $11.2 million in employee pay and benefits. The plan also includes a $7.1 million reduction in payments for retiree medical benefits for a year before ...

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Analysis: Bankruptcy no quick fix for weak local governments - Reuters

06/27/12

The economic and social fallout will last for years. After the Chapter 9 bankruptcy filing, Stockton will find it hard - if not impossible - to tap America's $3.7 trillion municipal bond market. Although Stockton is poised to make history as the ...

[more]

Analysis: Bankruptcy no quick fix for weak local U.S. governments - Reuters UK

06/27/12

The economic and social fallout will last for years. After the Chapter 9 bankruptcy filing, Stockton will find it hard - if not impossible - to tap America's $3.7 trillion municipal bond market. Although Stockton is poised to make history as the ...

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Stockton, California, to file for bankruptcy - msnbc.com

06/27/12

The $3.7 trillion U.S. municipal bond market has so far taken in stride Stockton's march toward bankruptcy despite the city's more than $700 million in bond debt. Bondholders and bond insurers are among Stockton's 18 creditors. Other creditors ...

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WRAPUP 1-Stockton, California, to file for bankruptcy - Reuters

06/27/12

The $3.7 trillion U.S. municipal bond market has so far taken in stride Stockton's march toward bankruptcy despite the city's more than $700 million in bond debt. Bondholders and bond insurers are among Stockton's 18 creditors. Other creditors ...

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WRAPUP 1-Stockton, California, to file for bankruptcy - Reuters

06/27/12

The $3.7 trillion U.S. municipal bond market has so far taken in stride Stockton's march toward bankruptcy despite the city's more than $700 million in bond debt. Bondholders and bond insurers are among Stockton's 18 creditors. Other creditors ...

[more]

AMR Pilots to Vote on Contract Paring Cuts in Bankruptcy - Bloomberg

06/27/12

The APA board agreed by a 9-7 vote to put the proposal out for rank-and-file balloting ... and would put the unions’ bankruptcy claims at risk. The airline and labor groups still would have to negotiate for longer-term contracts that would ...

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