New Cases

The Daily Docket: Kodak Likely to Leave Chapter 11 Tuesday

09/03/13

Eastman Kodak Co. is likely to officially leave bankruptcy Tuesday, USA Today reports.

[more]

The Daily Docket: San Bernardino Wins Chapter 9 Eligibility

08/29/13

The city of San Bernardino, Calif., won approval to restructure in Chapter 9 bankruptcy protection, The Wall Street Journal reports.

A bankruptcy judge Wednesday confirmed K-V Pharmaceutical Co.’s Chapter 11 restructuring plan, which is based on a $275 million investment deal with a group of its junior bondholders. Read the Daily Bankruptcy Review article here.

[more]

The Daily Docket: Judge Tosses BofA Suit Against FDIC

08/28/13

A federal judge dismissed Bank of America Corp.’s $1.7 billion lawsuit against the Federal Deposit Insurance Corp., a win for the regulator in the long-running battle over who is ultimately on the hook for losses tied to the multibillion-dollar fraud at disgraced lender Taylor Bean & Whitaker Mortgage Corp. Read the Daily Bankruptcy Review article here.

[more]

The Daily Docket: Kodak Exit Plan Approved

08/21/13
Jim Rydbom/Associated Press
Kodak Colorado Division Building C-29

Eastman Kodak Co. was cleared Tuesday to emerge from bankruptcy court, putting a bookend on an American ric

[more]

The Daily Docket: Furniture Brands Taps Restructuring Advisers

08/20/13

Furniture Brands International Inc., one of the nation’s largest home furniture makers, has tapped restructuring lawyers and advisers to deal with its debt load, people familiar with the matter said. Read the Daily Bankruptcy Review article via The Wall Street Journal.

[more]

AnchorBanCorp Settles SEC Fraud Charges

08/16/13

Two days after Anchor BanCorp Wisconsin Inc. sought Chapter 11 protection, federal securities regulators said they settled fraud charges against the bank-holding company and a former executive.

[more]

Louisiana Explosives Deactivator Files for Bankruptcy

08/15/13

After an explosion, an evacuation of a small Louisiana town and a threatened eviction, military explosives-disassembler Explo Systems Inc. has filed for bankruptcy protection.

[more]

The Daily Docket: Patriot Reaches Deal With Miners

08/13/13

Patriot Coal Corp. and its mine workers have reached a settlement in their long-standing labor fight, a deal that gives the workers “significant improvements” over Patriot’s labor-contract changes approved by a judge in May. Read the Daily Bankruptcy Review article via The Wall Street Journal.

[more]

The Daily Docket: MM&A Enters Bankruptcy

08/08/13

The railway company that operated the train that derailed and exploded last month, killing 47 people and destroying part of a small town in Quebec, sought bankruptcy protection in the U.S. and Canada on Wednesday with the intention to sell the business. Read the Daily Bankruptcy Review article via The Wall Street Journal.

[more]

County Is First Responder in Ambulance Company’s Bankruptcy

08/05/13

Santa Clara County, Calif. was the first entity to register its appearance in the bankruptcy proceeding of Rural/Metro Corp., and it’s not the possibility the ambulance company’s behind on its taxes that has the county racing to court.

Santa Clara has been worried about the company that has its medical emergency services contract ever since private equity firm Warburg Pincus LLC took over in 2011, County Executive Jeffrey Smith said Monday. The leveraged buyout carried a $738 million price tag, $525 million of it in the form of new debt.

[more]