Restructuring

Cracks Form Between Orval Kent, Egg Supplier

10/20/11

The last supplier to recover goods from food manufacturer Orval Kent Food Co. gets a rotten egg!

Prime Foods Inc., an Indiana-based egg seller, wants Orval Kent to return the nearly $60,000 worth of hard-boiled eggs it received in the weeks leading up to Orval Kent’s Chapter 11 bankruptcy case. The timer’s now ticking away against the cooked eggs’ shelf life of only six weeks.

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The Broke and the Beautiful: Nevin Shapiro Edition

10/14/11

This week on The Broke and the Beautiful, former University of Miami booster Nevin Shapiro’s bankruptcy trustee is racking up the recoveries. Also, rapper Young Buck might face bankruptcy liquidation, and B.B. King’s Blues Club is still grappling with its Las Vegas landlord.

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Inspirada Creditors Clash Over Law Firm

10/12/11
Bloomberg News

“Should I stay or should I go now?”

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Energy Department Fights to Keep Solar Patents in U.S. Hands

10/10/11

The U.S. Department of Energy wants to prevent one of Evergreen Solar Inc.’s solar panel manufacturing techniques from ending up in the hands of its Chinese competitors—a group that’s blamed for crippling the U.S. renewable-energy market.

Agency officials want to place a legal grip on Evergreen Solar’s patented technology, which is destined for the bankruptcy auction block along with the rest of the Massachusetts solar-panel company’s factory equipment.

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The Broke and the Beautiful: Sagamore Hotel Edition

10/07/11

This week on The Broke and the Beautiful, a fancy Miami Beach hotel checks into bankruptcy, while Beso LLC kisses Chapter 11 goodbye. Also this week, “The Donald” gets another brand under his belt, and the Dallas Stars are amping up for the new hockey season.

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The Daily Docket: Judge Inclined to Reject Dodgers Probe Request

10/06/11

A bankruptcy judge Wednesday said he is inclined to turn down a bid by the Los Angeles Dodgers to probe Major League Baseball’s dealings with other MLB members for proof Commissioner Bud Selig is treating the ball club unfairly. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Friendly’s Files for Bankruptcy

10/05/11

Friendly Ice Cream Corp., which employs roughly 10,000 people and operates more than 400 restaurants known for sundaes and hamburgers, filed for Chapter 11 bankruptcy protection Wednesday. Read the Daily Bankruptcy Review Small Cap article here.

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Landry’s to Buy Beso

10/04/11
AP Images for Microsoft

Eva Longoria and her Las Vegas steakhouse Beso can kiss bankruptcy good-bye.

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The Daily Docket: Dodgers Seek MLB Probe

10/04/11

The Los Angeles Dodgers on Monday said the ballclub needs to probe Major League Baseball’s dealings with other MLB members as it prepares for a four-day trial that will determine its future. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Kodak Hires Restructuring Lawyers

10/03/11

Eastman Kodak Co. has hired Jones Day as restructuring attorneys, The Wall Street Journal reports. The 131-year-old company is tackling investor worries but says it doesn’t intend to file for bankruptcy.

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