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Utility company Dynegy Inc. said Wednesday that it reached an agreement with creditors that will allow the company move forward with bankruptcy proceedings for one of its subsidiaries. The agreement ends disputes over $2.5 billion in claims related to ...

which is not in bankruptcy protection. Flexon said the settlement will end the dispute over those assets, avoiding potentially years of litigation. The new agreement says that unsecured creditors will get common stock in the reorganized company.

Marco Polo has not been alone in seeking Chapter 11 protection in the United States. Other shipping companies, struggling with an oversupply of vessels and weak demand, also have filed for bankruptcy here, thanks to U.S. legal provisions that help ...

Law360, New York (April 04, 2012, 12:51 PM ET) -- The Bankruptcy Court for the District of Delaware in In re Catalyst Paper Corp., et al., recently granted recognition of the debtors’ proceedings under Canada’s Companies’ Creditors Arrangement Act ...

Municipal bankruptcy could also be long and costly for Detroit. Unlike General Motors and Chrysler, who emerged from Chapter 7 in a matter of months, the Chapter 11 process typically takes years or even decades. "We will not get out of a ...