Restructuring

A judge on Tuesday approved three measures that will together allow billions of dollars to be returned to customers of Lehman Brothers Holdings Inc.’s collapsed brokerage, and soon.

Energy Future Holdings Corp., the former TXU, talked about a potential bankruptcy Monday that would help erase $32 billion in debt, The Wall Street Journal reports.

The Kearney Arch museum in rural Nebraska has never been able to convince enough motorists to pull over to see its historical artifacts and volunteer re-enactors who chronicle how Americans bravely set out in wagons in the mid-1800s to settle the country’s prairie land.

But the storyline of the museum’s own financial struggle might not be so dramatic if the attraction—a boxy structure meant to look like a covered bridge and painted with colors of the Nebraska sunset—wasn’t hoisted above Interstate 80.

Investment firm Five Mile Capital Partners is accusing a group of well-known luxury resorts of several conflicts of interest on its board of directors, conflicts Five Mile say resulted in its not getting paid back the $50 million it lent before the resorts filed for Chapter 11 bankruptcy. Read the Daily Bankruptcy Review article here.

Hostess Brands Inc. won permission to sell off the last of its major cake and bread assets, raising total sale proceeds from the baking company’s liquidation to about $860 million.