New Cases

The Daily Docket: Reader’s Digest Unveils Restructuring Plan

07/11/13

Reader’s Digest Association Inc. unveiled a restructuring plan to focus on its North American print and digital business Wednesday, as it prepares to emerge from bankruptcy protection. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Tribune to Split Publishing and Broadcast Arms

07/10/13

Tribune Co. plans to split its publishing business and its broadcast arm, following in the footsteps of companies like News Corp ., The Wall Street Journal reports.

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The Daily Docket: Five Mile Seeks Independent Trustee for MSR

07/09/13

Five Mile Capital Partners LLC is accusing MSR Hotels & Resorts Inc. of using its Chapter 11 case to shield its directors from possible liability for their alleged misconduct and wants an independent trustee to take charge of the company. Read the Daily Bankruptcy Review article here.

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Owner Places Versace Mansion in Bankruptcy

07/08/13
Associated Press
This undated photo made available by Casa Casuarina shows the exterior of Casa Casuarina—the former Versace mansion—in Miami Beach, Fla.

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The Daily Docket: ResCap Files Exit Plan

07/08/13

Mortgage lender Residential Capital filed a bankruptcy-exit plan that would pay general unsecured creditors 36.3 cents on the dollar and free government-owned parent Ally Financial Inc. from any more obligations in the case. Read the Daily Bankruptcy Review article here.

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Detroit Masonic Temple Operator Files for Chapter 11

07/02/13

The Detroit Masonic Temple has hosted pretty much every music icon in recent history—the Rolling Stones, Bob Marley, The Who and Jimi Hendrix.

But that history has not saved the Detroit venue from hardship.  The much-loved temple has made a habit of getting rescued from the brink, but with the Chapter 11 filing of its operator on Friday, it’s going to need that luck to continue.

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The Daily Docket: Cengage Leaning Toward Bankruptcy

06/28/13

Textbook publisher Cengage Learning Inc. is edging toward Chapter 11 bankruptcy protection, The Wall Street Journal reports.

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The Daily Docket: TMT Gears Up to Defend Bankruptcy

06/25/13

Taiwanese shipping company TMT Group is gearing up for a fight over its right to remain in bankruptcy protection in the U.S. Read the Daily Bankruptcy Review article here.

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Cable TV Distributor Files for Bankruptcy

06/24/13
Isabella Vosmikova/Associated Press
In this undated publicity image released by Bravo, host James Lipton, left, interviews Colin Firth during a taping of “Inside the Actors Stu
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The Daily Docket: TMT Enters Bankruptcy

06/24/13

Global shipping company TMT Group sought bankruptcy protection after failing to restructure its $1.46 billion debt load out of court. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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