Restructuring

Walter Energy Heads to Auction With $1.25 Billion Bid

11/06/15

Coal producer Walter Energy, Inc. is headed to a January bankruptcy auction with an offer from senior lenders to cancel or take on $1.25 billion of the company’s debts to set a floor price for the competition, Read the Daily Bankruptcy Review story in The Wall Street Journal.

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GT Advanced in New Accord With Apple

11/04/15

GT Advanced Technologies Inc., a former sapphire supplier to Apple Inc., reached a new accord on a $439 million with the iPhone maker.

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Baha Mar Gets Receiver

11/03/15

Bahamas-based Baha Mar Ltd. got a receiver to help bring the troubled resort project to completion.Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Stranded Super Bowl Fans Would Get Payout Under Deal With Ticket Seller

11/02/15
Yoav Shapira and Lisa Redpenning, both from Boston, display their tickets for Super Bowl XLIX bought at the NFL ticket exchange Jan.
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It’s a Chapter 22 for Freedom Communications

11/02/15

Newspaper publisher Freedom Communications Inc. filed for chapter 11 protection for the second time and plans to sell its business to investors. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Physical Therapy Provider to Injured Fed Workers Files for Bankruptcy

10/30/15

Physical-therapy chain Team Work Ready Inc. filed for bankruptcy after its finances got tangled in a criminal investigation into alleged health-care fraud, tying up roughly $220,000 kept in its bank accounts.

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Company Behind Cooling Sportswear Fabric Is Looking for Buyers

10/30/15

A New Hampshire company that makes sportswear fabric that is woven with a little magic—it turns cold when wet!—is looking for investors who could buy it out of bankruptcy.

Based on inquiries so far from potential bidders, the Nov. 5 auction for Coolcore’s operations could get heated, its lawyer said.

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Next Week in Bankruptcy

10/30/15

Hearings on Energy Future Holdings Corp.’s plan to rework some $42 billion in debt begin next week in a Wilmington, Del., courtroom.

On Tuesday, lawyers for Energy Future will go before Judge Christopher Sontchi to prove that the company’s plan is both fair to creditors and will resolve the financial troubles that triggered its bankruptcy.

The Dallas power giant is pushing to get out of bankruptcy through a combination of deals and debt-for-equity swaps that will divide its business in two.

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Energy Future Bondholders Look to Challenge $890 Million Court Defeat

10/30/15

Energy Future Holdings Corp. bondholders are looking to challenge their defeat in an $890 million court fight.Read the Daily Bankruptcy Review article here.

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Energy Future Holdings Fights $460 Million Interest Claim

10/29/15

Energy Future Holdings Corp. battled in court Wednesday in a bid to defeat bondholder demands for some $460 million in interest, Daily Bankruptcy Review reports.

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