Restructuring

The Daily Docket: Excel Maritime Enters Bankruptcy

07/02/13

Shipping company Excel Maritime Carriers Ltd. filed for Chapter 11 bankruptcy protection late Monday after reaching a restructuring deal with its senior lenders. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Jefferson County Files Bankruptcy Plan

07/01/13

Jefferson County, Ala., filed its bankruptcy-exit plan, the Birmingham Business Journal reports.

Reader’s Digest Association Inc. on Friday received bankruptcy-court approval of its plan to exit bankruptcy in the hands of bondholders who are forgiving $231 million in debt. Read the Daily Bankruptcy Review article here.

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The Broke and the Beautiful: Cable Ready Edition

06/28/13

This week on the Broke and the Beautiful, a cable TV show distributor filed for bankruptcy, and so did “Gossip Girl” star Kelly Rutherford. Also, funk music legend Sly Stone is fighting to dismiss the bankruptcies of his ex-manager’s companies.

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The Daily Docket: Cengage Leaning Toward Bankruptcy

06/28/13

Textbook publisher Cengage Learning Inc. is edging toward Chapter 11 bankruptcy protection, The Wall Street Journal reports.

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The Daily Docket: Judge Approves ResCap Settlement

06/27/13

A judge said Wednesday he will approve a $2.1 billion settlement involving mortgage lender Residential Capital LLC and parent company Ally Financial Inc. that could help Ally move forward on repaying its U.S. government bailout. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Judge Backs Lehman Trustee Over Banks

06/26/13

A federal bankruptcy judge Tuesday ruled that repurchase agreements don’t qualify for “customer status” in a failed brokerage business, a blow to a group of banks that had sought equal footing with customers in the liquidation of Lehman Brothers Holdings Inc.’s broker-dealer. Read the Daily Bankruptcy Review article here.

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The Daily Docket: TMT Enters Bankruptcy

06/24/13

Global shipping company TMT Group sought bankruptcy protection after failing to restructure its $1.46 billion debt load out of court. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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The Broke and the Beautiful: BSB Edition

06/21/13

This week on The Broke and the Beautiful, the Backstreet Boys are still dealing with the fallout of boy-band mogul Lou Pearlman. Also, film financier David Bergstein gets some new lawyers.

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The Daily Docket: Judge OKs Kodak Deal to Settle U.K. Pension Claim

06/21/13

A bankruptcy judge approved a key component of Eastman Kodak Co.’s restructuring Thursday, allowing the company to hand its personalized-imaging and document-imaging businesses to U.K. retirees. Read the Daily Bankruptcy Review article here.

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