Restructuring

The Daily Docket: Vegas Developer Looks to Shed $500M Debt

05/10/12

Las Vegas developer Bill Plise is trying to shake off some $500 million worth of personal debts in bankruptcy, mostly guarantees of bank loans linked to a bid to develop City Crossing, a $2 billion casualty of the recession. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Lehman Blasts Banks’ Deal With Zell

05/09/12

Lehman Brothers Holdings Inc. lashed out at Sam Zell's deal with banks to extend Zell's option to buy their remaining stake in Archstone.


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The Daily Docket: Ala. Law Complicates Jefferson County’s Restructuring

05/08/12

Alabama’s constitution makes it nearly impossible for counties to raise taxes without state approval, a situation that has complicated efforts to bring debt-laden Jefferson County out of the largest bankruptcy in municipal history. Read the Daily Bankruptcy Review article here.

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Hostess Sends Layoff Notices to All Workers

05/07/12
Associated Press

Hostess Brands Inc. on Friday sent out letters notifying its more-than 18,000 workers that they could be laid off in the next two months.

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The Daily Docket: Judge Won’t Approve Lehman Settlement

05/07/12
Getty Images

A settlement of a lawsuit between investors who lost money in the collapse of Lehman Brothers Holdings Inc.

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The Daily Docket: Hawker Enters Bankruptcy

05/04/12

Aircraft manufacturer Hawker Beechcraft Inc. sought bankruptcy protection Thursday, after striking a deal with creditors to swap some $2 billion in debt for control of the reorganized company. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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The Daily Docket: Lehman Trustee Reaches Customer-Repayment Deal

05/03/12
Getty Images

The trustee winding down Lehman Brothers brokerage has reached agreement with its former parent and its U.K.

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The Fuller Brush Man

05/02/12
Three Lions/Getty Images

“Nothing’s sacred,” Fuller Brush Chief Restructuring Officer Lawrence Perkins told Bankruptcy Beat earlier this year when asked if the company’s famous door-to-door salespeople would su

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The Daily Docket: Dodgers Sale Is Complete

05/02/12

The Los Angeles Dodgers said Tuesday the $2 billion sale of the team and stadium to an investment group headed by Earvin “Magic” Johnson is complete. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Kodak Allowed to Pay Bonuses

05/01/12

A judge on Monday said Eastman Kodak Co. could pay millions of dollars in bonuses to several hundred employees to keep them happy and at the company, overruling an objection by the Justice Department’s bankruptcy-watchdog unit. Read the Daily Bankruptcy Review article here.

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