Restructuring

The Daily Docket: Berkshire Wins ResCap Loans

10/26/12

Warren Buffett ’s Berkshire Hathaway Inc. was the winning bidder in a bankruptcy auction for a portfolio of loans from Residential Capital LLC , the subprime mortgage unit of government-owned Ally Financial Inc., ResCap said Thursday. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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The Daily Docket: Ocwen Wins ResCap Assets

10/25/12

With a $3 billion bid Ocwen Financial Corp. was named the winner Wednesday in a bankruptcy auction for the mortgage-servicing and origination assets of lender Residential Capital LLC. Read the article in Daily Bankruptcy Review.

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The Daily Docket: Nationstar Bids $2.67B in ResCap Auction

10/24/12

Nationstar Mortgage Holdings Inc. submitted a $2.67 billion bid at a bankruptcy auction for the mortgage assets of Residential Capital on Tuesday, topping a bid by Ocwen Financial Corp., people familiar with the matter said. Click here to read the article in Daily Bankruptcy Review.

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Lawmakers Say IRS Could Sink Alaska’s Small Airlines

10/23/12

A scene in National Geographic’s “Alaska Wing Men” television series shows pilot Jack Barber weaving his small charter airplane in and out of white plumes that hide the Merrill Pass’s jagged cliff line.

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The Daily Docket: Solyndra Exit Plan Confirmed

10/23/12

A bankruptcy judge Monday confirmed Solyndra LLC’s Chapter 11 plan, brushing aside protests from the Department of Energy, which stands to lose most of the $527 million in taxpayer dollars it risked on the company. Read the Daily Bankruptcy Review article here.

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‘Keep Hickey American,’ Says…Everyone?

10/22/12
Office of Sen. Charles E. Schumer
Sen.
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The Daily Docket: Ocala Renews Bid to Probe Freddie Over Taylor Bean Fraud

10/22/12

A former Taylor Bean and Whitaker Corp. subsidiary is renewing its bid to probe whether Freddie Mac “aided and abetted” the multibillion-dollar bank fraud at the failed mortgage lender. Read the Daily Bankruptcy Review article here.

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The Broke and the Beautiful: Danke Schoen Edition

10/19/12

This week on The Broke and the Beautiful, a museum dedicated to Wayne Newton is doing more than just entertaining the notion of a bankruptcy filing, and some of Broke’s all-stars are getting together on the newest season of “Celebrity Apprentice.” Also, Michael Vick gets a dog.

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The Daily Docket: A123 Bidding War Heats Up

10/19/12

A bidding war for A123 Systems Inc. broke out in bankruptcy court Thursday between a spurned Chinese suitor and an American auto-parts maker. Read the Daily Bankruptcy Review article here.

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Solyndra’s Legal Team Pours It On as Political Spotlight Burns

10/18/12
Associated Press

As if bankruptcy itself were not tough enough, Solyndra had the ill fortune to sink with $527 million of taxpayer loans and a private equity owner with links to President

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