Restructuring

Patriot Coal Makes Sale Deal With Blackhawk Mining

06/03/15

Patriot Coal Corp. has lined up a deal to sell most of its operating mines to Blackhawk Mining LLC. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Next Week in Bankruptcy

05/29/15

On Wednesday, biofuel maker KiOR Inc. will go before a Wilmington, Del., bankruptcy judge to seek final approval of its chapter 11 reorganization plan.

Under the proposed plan, KiOR will turn over control of its business to lender Pasadena Investments LLC—a company affiliated with venture capitalist and KiOR co-founder Vinod Khosla—in exchange for $16 million in debt forgiveness.

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Gallup Diocese Seeking to Sell Land to Pay Victims

05/26/15

The Roman Catholic Diocese of Gallup, N.M., which stretches across 55,000 square miles of northern Arizona and New Mexico, is seeking to sell 55 parcels of mostly vacant desert land to help fund a settlement with about 60 alleged victims of clergy sexual abuse.

In court papers filed last week, the diocese asked U.S. Bankruptcy Court Judge David Thuma for permission to hire two real-estate brokers and to move forward with an auction process for the properties.

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Frederick’s of Hollywood Has Undies of the Rich and Famous

05/22/15
Frederick’s of Hollywood’s routine bankruptcy reports list pages of vintage or famous underwear, including s corset Madonna wore onstage in the 1980s, among its assets. In this photo, Madonna performs at the Grammys on Feb.
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Delia’s, Coldwater Creek Live on After Stores Close

05/21/15
Steve Russo, along with a few co-investors, recently purchased the intellectual property of Delia’s, a now-defunct teen clothing brand that rose to popularity in the 1990s.
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Republican Lawmaker Blasts U.S. Trustee Program Over Donation

05/20/15
House Judiciary Committee Chairman Rep. Bob Goodlatte (R., Va.) listens to testimony on Capitol Hill in Washington, Tuesday May 19, 2015. He blasted the U.S.
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Next Week in Bankruptcy

05/15/15

Supplement company Natrol Inc. heads to bankruptcy court Wednesday in Wilmington, Del., to see if it can sway a judge to sign off on a creditor-payment plan that’s being held up by a disputed settlement.

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Parishes Win Greater Role in Archdiocese’s Bankruptcy

05/14/15
Cathedral of St. Paul
Jim Mone/Associated Press

A bankruptcy judge last week gave the parishes of the Roman Catholic Archdiocese of St.

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Corinthian Colleges Students Win Official Committee Role

05/14/15
Corinthian Colleges filed for bankruptcy and shut down all its campuses, and its former students just won a formal committee role in the case.
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