Restructuring

LifeCare Holdings Inc. and affiliates, a hospital chain backed by the Carlyle Group, filed for Chapter 11 bankruptcy protection Tuesday. Read the Daily Bankruptcy Review article here.

A123 Systems Inc., the government-backed battery maker that has yet to turn a profit, is set to be the unlikely object of a bidding war when its assets hit the auction block on Thursday. Read the Daily Bankruptcy Review article here.

This week on The Broke and the Beautiful, Kevin Spacey may take on the role of Ireland’s former richest man on the big screen, and Young Buck got some alone time in prison. Also, a famous poster will be auctioned next month.

Zacky Farms has ruffled some feathers by starting to sell Zacky-branded chicken after having complied for 11 years with a promise not to use its logo on chicken, according to a bankruptcy court complaint filed against it.

So Foster Farms, another California poultry producer, which is known for its impostor chicken commercials, is suing Zacky Farms in what’s shaping up to be a giant chicken fight.