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The Daily Docket: Hostess Can’t Shed Union Deals - Wall Street Journal

05/15/12

For a two-week trial, visit our homepage, scroll to the bottom and click “try for free.”) LightSquared Inc.’s Chapter 11 bankruptcy filing Monday is clouding the future of hedge-fund manager Philip Falcone, The Wall Street Journal reports.

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GM To Reunite With Ex? Automaker Could Buy Ally Pieces After ResCap Bankruptcy - Forbes

05/15/12

ResCap, the unit placed into bankruptcy Monday, has been an anchor on Ally Financial ... has had an S-1 filing on the books with the SEC since March 2011 – a sale to private equity investors, or further expansion through acquisitions of ...

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Falcone's LightSquared files for bankruptcy - Yahoo Finance

05/15/12

(Reuters) - Hedge fund manager Philip Falcone's dream of bringing another wireless network to the United States likely came to an end on Monday, when LightSquared Inc, the ailing telecommunications company he bankrolled, filed for bankruptcy protection.

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Ally CEO: Closer to sale or IPO after ResCap bankruptcy, Detroit Free Press says - Yahoo Finance

05/15/12

Ally Financial's CEO Michael Carpenter said the bankruptcy of its distressed mortgage unit, ResCap, puts the lender closer to a possible initial public offering, a sale to private equity investors or an expansion through acquisitions, according ...

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ResCap Filing May Trigger $858 Million Worth Of CDS Payouts - NASDAQ

05/15/12

Analysts at J.P. Morgan Chase & Co. (JPM) said in a commentary Tuesday that the ResCap bankruptcy filing "should constitute a credit event for ResCap CDS," triggering payouts on the contacts that are designed to pay off when creditors aren't paid back.

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ResCap Filing May Trigger $858 Mln Worth Of CDS Payouts - Wall Street Journal

05/15/12

following the company's bankruptcy filing Monday. The Chapter 11 filing by the Ally Financial subsidiary in a New York court prompted UBS AG (UBS, UBSN.VX) to ask a special committee of the International Swaps and Derivatives Association to ...

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The 5 Most Common Bankruptcy Myths Debunked - The Business Insider

05/15/12

Nadya Suleman (known to gossip magazines as "Octomom") recently filed for Chapter 7 bankruptcy after accumulating roughly $1 million in debt. Tabloids and gossip blogs have criticized Suleman's spending and lifestyle, but she's far from alone in her financial woes.

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Ally aims to end mortgage woes with ResCap filing - Yahoo Finance

05/15/12

(Reuters) - Ally Financial Inc's mortgage unit filed for bankruptcy protection on Monday, and the former in-house financing arm for General Motors Co also said it will sell some international operations to help set it on a path to repaying $12 ...

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Morris, Kirkland, Mayer Brown, Vinson: Business of Law - Bloomberg

05/15/12

told the Wall Street Journal the firm is winding down but not planning to file for Chapter 11 bankruptcy. Crowell & Moring Adds Two Litigation Partners in New York Crowell & Moring LLP added two litigation partners to its New York office.

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With ban on bankruptcy set to expire July 1, state still holds Harrisburg's reins - PennLive.com

05/15/12

Behind the scenes, the state is pushing ahead toward the sale or lease of the city’s parking garages and incinerator. Eventually things must come to a head. While a majority of the city Council has advocated for bankruptcy, a federal judge’s ...

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