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The explosion of litigation in the Tribune Co. case has led many to criticize a bankruptcy system that has become increasingly dominated by distressed debt investment funds like Aurelius and many others that purchase a bankrupt company's debt on ...

Through the first six months of the year, bankruptcy filings in Minnesota are down 11.5 percent from the same period last year, according to figures from Epiq Systems, which compiles data for the American Bankruptcy Institute. In Minneapolis ...

(Reuters) - Tribune Co has won court approval to emerge from bankruptcy, more than 3-1/2 years after seeking Chapter 11 protection following a leveraged buyout that saddled the publisher of the Chicago Tribune and Los Angeles Times with too much debt.

The Wilmington, Delaware-based judge endorsed the plan late Friday three-and-a-half years after the company, burdened with $13 billion of debt, entered Chapter 11 bankruptcy. Now, the media giant must wait several days for the court to issue a formal ...

The company has during its bankruptcy revamped management and sold the Chicago Cubs baseball team. Asset sales are expected to continue after the bankruptcy ends. Among those whose objections to the plan were overruled by Carey were the hedge ...