Restructuring

Car- and machine-battery maker Exide Technologies Inc. is prepping for a possible bankruptcy filing, The Wall Street Journal reports.

Jefferson County, Ala., leaders voted Tuesday to accept a debt-settlement plan that will dramatically slash the $3.1 billion owed on its sewer system and allow the struggling county to get out of bankruptcy. Read the Daily Bankruptcy Review article here.

Lehman Brothers Holdings Inc. is selling more of the claims against its defunct brokerage, as part of a continuing strategy to quickly recover money that will go to its creditors.

A bankruptcy judge on Thursday warned ATP Oil & Gas Corp. that it’s not “preordained” that he’ll approve the asset sale the company has long been pinning its hopes on but which has run into complications. Read the Daily Bankruptcy Review article here.

Ahern Rentals Inc. and its bondholders have agreed to a path out of Chapter 11 bankruptcy for the construction-equipment company, narrowly avoiding a showdown over rival restructuring plans. Read the Daily Bankruptcy Review article here.