Restructuring

The Daily Docket: Pfizer on Track to Shake Quigley Asbestos Claims

07/15/13

Pfizer Inc. is on track to shake billions of dollars’ worth of asbestos liabilities, as its long-defunct subsidiary Quigley Co. seeks federal court approval of a Chapter 11 plan already confirmed by a bankruptcy judge in New York. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Prisa Mulls U.S. Bankruptcy

07/12/13

Spanish media company Promotora de Informaciones SA , also known as Prisa, is thinking about filing for Chapter 11 in the U.S., The Wall Street Journal reports.

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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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Ireland’s Bad Bank Blasts Developer’s U.S. Bankruptcy

07/10/13

The Irish government’s “bad bank” says developer Sean Dunne lied about his finances and concealed assets in his U.S. bankruptcy filings and in a meeting last month with creditors.

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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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New Bill Would Help American Airlines Union Workers

07/09/13
Brent Lewin/Bloomberg News
An American Airlines Inc.
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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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The Daily Docket: Cengage Enters Bankruptcy

07/03/13

Textbook publisher Cengage Learning Inc . filed for Chapter 11 bankruptcy protection Tuesday after reaching a restructuring deal with its lenders that would slash more than $4 billion in debt from its balance sheet. Read the Daily Bankruptcy Review article here.

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