New Cases

The Daily Docket: Eagle Bulk Enters Chapter 11

08/06/14

Shipping company Eagle Bulk Shipping Inc. filed for Chapter 11 protection with a prepackaged plan in place, The Wall Street Journal reports.

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The Daily Docket: Caesars Bondholders File Suit

08/05/14

A group of Caesars Entertainment Operating Co. bondholders sued the company Monday night, accusing Caesars of transferring money between entities to protect its “good” assets from creditors as the rest of the company’s financial condition deteriorated. The Wall Street Journal has the Daily Bankruptcy Review article here.

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The Daily Docket: New World Resources Enters Bankruptcy

08/01/14

Dutch coal miner New World Resources NV filed for bankruptcy protection in a U.S. court on Wednesday while officials negotiate cuts to the roughly EUR825 million ($1.1 billion) debt owed by the company, which has struggled to profit amid depressed global coal prices. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Nortel Strikes $1 Billion Interest Cap With Bondholders

07/25/14

Nortel Networks Corp .’s U.S. division said Thursday it has reached a deal with bondholders owed nearly $4 billion to cap the interest they can collect at $1.01 billion. Read the Daily Bankruptcy Review story via The Wall Street Journal.

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Bryman College Operator Files for Chapter 11

07/21/14

For-profit school company BioHealth College Inc., which operates four Bryman College campuses in California, has filed for Chapter 11 bankruptcy protection.

It wasn’t immediately clear Monday what would happen as a result of the Chapter 11 filing. However, a bankruptcy filing would usually result in the U.S. Department of Education revoking the schools’ status as an institution that can accept federal student financial aid dollars. Most colleges can’t survive without that funding.

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The Daily Docket: Love Culture Enters Bankruptcy

07/17/14

Teen-focused clothing retailer Love Culture Inc. sought Chapter 11 protection Wednesday, citing an overexpansion that left the chain with weakened finances. Read the Daily Bankruptcy Review article here.

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The Daily Docket: LightSquared Reaches Restructuring Plan Deal

07/15/14

Philip Falcone‘s LightSquared has reached a deal on a restructuring plan that has the support of Dish Network Corp. Chairman Charlie Ergen, its top secured lender. The Wall Street Journal has the Daily Bankruptcy Review article here.

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The Daily Docket: Harbinger Sues U.S. Government

07/14/14

Philip Falcone‘s Harbinger Capital Partners is suing the federal government for allegedly reneging on an agreement regarding wireless venture LightSquared. The Wall Street Journal has the Daily Bankruptcy Review article here.

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San Angelo Colts File for Bankruptcy to Save Stadium

07/03/14
Foster Field in San Angelo, Texas, the home of the Colts.
Sanangelocolts.com

The S

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The Daily Docket: Scapped Vegas W Hotel Project Entities Enter Bankruptcy

06/27/14

Five entities with a stake in land where the ambitious Las Vegas W hotel was supposed to be built filed for bankruptcy in Nevada on Wednesday. Read the Daily Bankruptcy Review article here.

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