Restructuring

The Daily Docket: Global Aviation Enters Bankruptcy

02/06/12

Global Aviation Holdings Inc., which says it is the largest commercial provider of airlift transport services for the U.S. military, filed for Chapter 11 bankruptcy protection Sunday. Read the Daily Bankruptcy Review article here.

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The Broke and the Beautiful: Kodak Edition

02/03/12

This week on The Broke and the Beautiful, Kodak wants to pull its name from Hollywood’s Kodak Theatre, and actress Debbie Reynolds is writing a new memoir. Also, “30 Rock” star Tracy Morgan’s mom is facing foreclosure.

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Judge Blasts IndyMac Phrase Turner

02/03/12
Associated Press

A federal judge in Los Angeles doesn’t think much of the literary abilities of a defense lawyer for two former IndyMac officials being sued by the Federal Deposit Insurance Corp.

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The Daily Docket: Hostess Can Borrow All of Its Loan

02/03/12

A judge Thursday cleared Hostess Brands Inc. to borrow the entirety of its $75 million bankruptcy loan, siding with the maker of Twinkies and Wonder Bread over protests from unsecured creditors who warned the financing deal would drive the company toward “extinction.” Read the Daily Bankruptcy Review article here.

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Ex-Solyndra Workers Blast Company, Lender

02/02/12
Bloomberg News

Solyndra LLC’s former workers are mad as you-know-what and say they’re not going to take it anymore.

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AMR Tells Employees of Plan to Dump Pensions

02/01/12
Associated Press

American Airlines parent AMR Corp.

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Smashed Solyndra Assets: Scandal or Standard Procedure?

01/24/12
Bloomberg News

A Republican member of Congress declared it an “outrage.” Fox News

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The Daily Docket: Lee’s Bankruptcy Plan Confirmed

01/24/12

Newspaper publisher Lee Enterprises Inc. on Monday won court permission to exit bankruptcy under a plan that puts off the day of reckoning on hundreds of millions of dollars in debt. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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The Daily Docket: JeffCo to Make Smaller Bondholder Payments

01/23/12

Empowered by a recent court ruling, Jefferson County, Ala., leaders are planning to wield their bankruptcy case privileges to squeeze sewer system bondholders who—for nearly half a decade—have squeezed them. Read the Daily Bankruptcy Review article here.

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New Year’s Resolution Undoings, on the House

01/20/12

By Joseph Checkler and Rachel Feintzeig

Associated Press

Ready to break your 2012 resolutions? Friendly’s and American Airlines can help.

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