Restructuring

Bond Insurer Says JeffCo Shouldn’t Block J.P. Morgan Suit

02/24/12

A municipal bond insurer that guaranteed sewer debt issued by Jefferson County, Ala., is accusing J.P. Morgan Chase & Co. of unfairly using the county’s bankruptcy case to block the progress of the bond insurer’s own fight against the bank in New York state court. Read the Daily Bankruptcy Review article here.

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A Theater By Any Other Name

02/23/12
Bloomberg News

This Sunday, the brightest stars in film will don their Marchesa gowns, Harry Winston jewels and Armani tuxes to walk the red carpet at the

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The Daily Docket: Dodgers Cleared to Advance Bankruptcy Plan

02/23/12

A bankruptcy judge cleared the Los Angeles Dodgers to advance their plan for a new owner to take the ball club out of Chapter 11. Read the Daily Bankruptcy Review article here.

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Flight Attendant’s Petition Seeks New Leaders at American Airlines

02/22/12
Bloomberg News
A US Airways Group Inc. plane takes off behind American Airlines Inc.
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The Daily Docket: Big Frowns for Small Smiles

02/22/12

The financially struggling operator of Small Smiles Dental filed for Chapter 11 bankruptcy protection to begin the process of selling its operations to repay its debts. Read the Daily Bankruptcy Review article here.

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Slavery Museum Files Bankruptcy-Exit Plan

02/21/12

The U.S. National Slavery Museum recently filed a plan to exit bankruptcy protection and restart fundraising so it may someday share its collection of slavery artifacts and documents with the public.

Five months after filing for Chapter 11 protection, the nonprofit organization on Friday filed its plan of reorganization, which describes how it will use charitable donations to continue operating.

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The Daily Docket: No MF Global Customer Money Found at J.P. Morgan

02/21/12

Louis Freeh, the bankruptcy trustee overseeing MF Global Holdings Ltd.’s Chapter 11 case, says a forensic analysis has determined none of the estimated $1.6 billion in missing customer cash ended up in the company’s account at J.P. Morgan Chase & Co. Read the Daily Bankruptcy Review story here.

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The Broke and the Beautiful: Busey Redux Edition

02/17/12

This week on The Broke and the Beautiful, Gary Busey’s assets are revealed. Also, Tionne “T-Boz” Watkins’s bankruptcy case has been dismissed, and Don Henley’s nonprofit group will return half of the donation it got from Ponzi-scheme operator Scott Rothstein.

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The Daily Docket: Lehman Seeks to Subpoena Geithner

02/17/12

Lehman Brothers Holdings Inc. and its creditors said they want to subpoena Treasury Secretary Timothy Geithner over allegations J.P. Morgan Chase & Co. illegally siphoned billions of dollars from the collapsing investment bank before it filed for bankruptcy. Read the Daily Bankruptcy Review article here.

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Guggenheim, Other Funds Divulge Stakes in Global Aviation Debt

02/16/12

A group of hedge funds and investment firms calling itself the ad hoc committee of senior noteholders divulged their stakes Global Aviation Holdings Inc.’s debt. Bankruptcy law requires investors to publicly disclose their identities and their holdings if they’re working as a group in a Chapter 11 case.

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