Restructuring

Alpha Natural Resources Can Tap Bankruptcy Loan

08/05/15
A Komatsu Ltd. bulldozer dumps coal onto a pile at the Brooks Run Mining Co., owned by Alpha Natural Resources Inc., in Cucumber, W.Va., in January 2011.
Jon C.
[more]

Coal Miner Alpha Natural Resources Files For Bankruptcy

08/03/15

Alpha Natural Resources Inc., one of the largest U.S. coal producers, filed for chapter 11 bankruptcy protection on Monday to cut its more than $3 billion debt load, The Wall Street Journal reported. The Bristol, Va., company will likely sell some of its best mines or turn them over to creditors.

[more]

Anchorage Group to Lead Bidding on Relativity Media at Bankruptcy Auction

07/30/15

Several of Relativity Media LLC’s largest creditors have joined together in a stalking horse bid for the Hollywood studio that would see the exit of its founder and chief executive, said people familiar with the matter.

Anchorage Capital Group LLC, Luxor Capital Group LP and Falcon Investment Advisors LLC are all part of an offer that will set the minimum floor as bidding for the studio, which on Thursday filed for chapter 11 bankruptcy, begins soon.

[more]

Relativity Media’s Path to Bankruptcy

07/30/15
Ryan Kavanaugh, Relativity Media’s chief executive, in California on April 27.
[more]

Coming and Going Concerns

07/30/15

Bankruptcy and restructuring firm Chilmark Partners has started a joint venture with global finance firm Burford Capital, DBR reported via WSJ. The venture, Bankruptcy Litigation Funding LLC, will focus on advisory and financing services for bankruptcy-related claims.

[more]

Baha Mar Developer Izmirlian Wants Lender to Get Rid of Contractor

07/28/15
Construction of the Baha Mar resort on the beach on New Providence island, Bahamas, July 2014. 
Baha Mar

Bahamas resort Baha Mar’s developer Sarkis Izmir

[more]

Next Week in Bankruptcy

07/24/15
Mel Evans/Associated Press

The A&P grocery chain is preparing to close about two dozen money-losing stores while searching for buyers to rescue its other locations throughout the Northeast.

[more]

Amended Energy Future Plan Would Give Option for Bondholder Buyout of Oncor

07/24/15

Energy Future Holdings Inc. amended its chapter 11 plan, which would give an option for a bondholder buyout of its Oncor business. The Daily Bankruptcy Review article is available in The Wall Street Journal.

[more]

50 Cent Discloses Ownership in Adult Film Producer, Headphone Ventures

07/22/15
Rapper 50 Cent, whose real name is Curtis James Jackson III, exited New York State Supreme Court in Manhattan on Tuesday after testifying in a lawsuit for a sex tape that was posted online.
[more]