Restructuring

Overseas Shipholding Group Inc. filed for Chapter 11 bankruptcy protection as the tanker company looks to significantly reduce its debt burden. Read the article in Daily Bankruptcy Review.

A year into Jefferson County, Ala.’s historic bankruptcy, its elected leaders aren’t the ones who are fully in control of the case’s direction. Neither are the brightest attorneys hired by Wall Street banks to protect their $3.2 billion investment in the sewer system for state’s most populated county. Read the Daily Bankruptcy Review article here.

The unexpected collapse of Lon Morris College has Jacksonville, Texas, reaching for the reins of the rodeo arena that it gave to the private, two-year college during the ambitious expansion that led to its downfall.

As an auctioneer prepares to sell off property left on the college’s 112-acre campus, Jacksonville leaders are trying to make sure that the rodeo grounds aren’t included. Instead, they want the property returned to the city, which deeded the property to the college in 2009.

As res