Restructuring

A judge on Thursday approved the transfer of more than 22,000 MF Global Holdings Ltd. brokerage accounts to new dealers, granting an emergency request from the trustee unwinding the company’s brokerage. Read the Daily Bankruptcy Review article here.

General Maritime Corp. voluntarily filed for Chapter 11 bankruptcy and reached agreements with key senior lenders for a financial restructuring that will allow the oil-tanker company’s operations to continue. Click here to read the article in Daily Bankruptcy Review.

Restructuring & Insolvency is an integral part of Mercer & Hole’s business. A very busy period when our core skills of constructive use of insolvency procedures, stressed corporate advisory work and solvent restructuring have been in high demand, has prompted us to grow our Restructuring & Insolvency teams.

Lehman Brothers Holdings Inc. reached a deal with the trustee for investors in a complex natural gas deal that fizzled when the investment bank collapsed and its impact was felt from Walt Disney World to the city of Tallahassee, Fla. Read the Daily Bankruptcy Review article here.

This week on The Broke and the Beautiful, we’re going to sing our own praises just a bit. From Toni Braxton’s revelation that bankruptcy worked out “really great” to boy-band creator Lou Pearlman’s settlement with MTV, Bankruptcy Beat was at the forefront of celebankruptcy news. Also this week, the Dodgers are readying for a sale, and Lenny “Nails” Dykstra’s boxing brawl didn’t go off as planned.