Restructuring

Remaining Patriot Coal Mines to Be Sold

08/18/15

Patriot Coal Corp. reached a new deal to sell two West Virginia mines that will relieve it of $400 million in debt.Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Altegrity Wins Restructuring Plan Approval

08/17/15

Altegrity Inc., which became known after National Security Agency contractor Edward Snowden was vetted by one of its units, won approval of its chapter 11 plan.Read the Daily Bankruptcy Review article here.

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Next Week in Bankruptcy

08/14/15

Energy Future Holdings Corp. on Tuesday will ask the bankruptcy court to grant initial approval of its restructuring deal, allowing it to begin to poll creditors and move a step closer to exiting chapter 11.

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Christian Media Company Gospel Light Files for Bankruptcy

08/11/15

Gospel Light Publications, known for its Sunday school and vacation Bible school curricula, filed for bankruptcy with plans to sell its assets.

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Energy Future Debuts Bankruptcy-Exit Plan

08/10/15

Energy Future Holdings Corp. launched a bid to exit bankruptcy that focuses on a deal over its Oncor business. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Next Week in Bankruptcy

08/07/15

Monday in White Plains, N.Y., Great Atlantic & Pacific Tea Co. will seek court permission to auction off 120 of its stores and close another 25.

The grocer, which filed for its second chapter 11 of the decade last month, is facing opposition to the sales and closures from landlords and the Pension Benefit Guaranty Corp., although most of the objections mention talks with A&P counsel and the probability that small changes will alleviate concerns.

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A&P Faces Opposition on Plan to Quickly Sell and Close Stores

08/07/15

The Pension Benefit Guaranty Corp. is opposing Great Atlantic & Pacific Tea Co.’s plan to quickly sell and close a number of its stores, and so are some landlords. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Relativity CEO Says He Won’t Go Quietly

08/06/15
Bloomberg News

Ryan Kavanaugh, the chief executive of Beverly Hills-based Relativity Media LLC, isn’t holding back in defending his company’s business model and, by ass

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Patriot Mine Workers Challenge Company Over Contract

08/06/15

The union representing mineworkers at Patriot Coal Corp. is challenging the company’s effort to reject a contract. Read the Daily Bankruptcy Review article here.

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An American Legion in a Tiny New Mexico Town Could Shut Down

08/05/15

An American Legion outpost in a rural New Mexico town might shut down, facing a bill from a woman who cleaned the social club’s gathering spot for months.

The American Legion Bataan Post 4 in Deming, N.M., which has roughly 200 members, filed for bankruptcy nearly a year ago, unable to afford the legal battle with a deceased member’s wife over her effort to keep the place tidy.

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