People

The Broke and the Beautiful: Heavy Hitters Edition

06/01/12

This week on The Broke and the Beautiful, a judge approved a settlement between the owners of the New York Mets and the trustee recovering money for Bernard Madoff’s fraud victims, and ex-Dodgers owner Frank McCourt is facing a grand-jury investigation. Also, former football great Jamal Lewis has hiked himself to bankruptcy court.

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The Daily Docket: Court Affirms Credit Bidding

05/30/12

The U.S. Supreme Court affirmed Tuesday the right of lenders to use their debt as currency in bankruptcy auctions in a unanimous decision sure to reverberate through the corporate restructuring community. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Dewey Enters Bankruptcy

05/29/12
Reuters

Law firm Dewey & LeBoeuf LLP has filed for bankruptcy protection, The Wall Street Journal report

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Bankruptcy Beat Snapshot: Martin Bienenstock

05/25/12

After spending 35 years helping to fix troubled companies such as General Motors, Texaco and Owens Corning, Martin Bienenstock got the hands-on experience he never wanted.

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The Daily Docket: Catalyst to Auction Assets

05/25/12

Catalyst Paper Corp. will sell its assets to the highest bidder after the paper and pulp producer failed to bring enough of its creditors on board with its restructuring plan. Read the Daily Bankruptcy Review article here.

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The Daily Docket: LightSquared Lenders Doubt Future Success

05/24/12

LightSquared’s biggest lenders are questioning the company’s ability to clear regulatory hurdles and build out its high-speed wireless network, steps on which its viability depends. Read the Daily Bankruptcy Review article here.

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The Daily Docket: NewPage Bondholders Seek Transparency

05/23/12

A group of NewPage Corp. bondholders, which doesn’t appear to have publicly disclosed who its members are or the amount of debt they hold, say the public interest is best served by unsealing a potential lawsuit they may face from a rival creditor group. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Bankruptcy Claims Trading Slows

05/22/12

Distressed investors last month bought up the smallest amount of debt from ongoing bankruptcies in more than a year, new data show. Read the Daily Bankruptcy Review article here.

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The Broke and the Beautiful: Mitt Romney Edition

05/18/12

This week on The Broke and the Beautiful, presidential hopeful Mitt Romney faces criticism from President Obama’s re-election campaign over the practices of his former employer, private equity firm Bain Capital. Also, Nadya “Octomom” Suleman’s Chapter 7 bankruptcy case has been tossed.

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