News Topic: Restructuring

Embattled for-profit education company Corinthian Colleges Inc. will likely need to raise more money in order to complete its plan to sell the majority of its Everest, WyoTech and Heald campuses during the next six months, the company said Wednesday. Read ... Read full article

Philip Falcone’s Harbinger Capital Partners filed a competing proposal for his wireless venture on Monday that would pump new money into the smaller pool of the wireless venture’s assets. Read the Daily Bankruptcy Review article here . ... Read full article

Atlantic City’s Revel casino and hotel, the most recent addition to the city’s famed boardwalk, will head to the auction block Thursday as part of its second bankruptcy in as many years. According to documents filed with the Camden, N.J., bankruptcy ... Read full article

Wireless venture LightSquared on Thursday overhauled its reorganization plan, and the new proposal appears to spell the end of longtime backer Philip Falcone’s ownership of the wireless venture. The Wall Street Journal has the Daily Bankruptcy Review ... Read full article

Satellite TV provider DirecTV and telecom giant AT&T Inc. are would take over Houston’s struggling professional sports channel under a proposal filed late Wednesday in bankruptcy court. Read the Daily Bankruptcy Review article here . ... Read full article

Private equity firm Blackstone Group LP won an auction for a Texas power plant earlier this week with $126 million offer—and then tried to take it back. ... Read full article

The Bill & Melinda Gates Foundation has a simple question for education technology company ConnectEDU, which sought bankruptcy protection in April: Where’s our money? In July 2013, the well-known foundation awarded a nearly $500,000 grant to ... Read full article

This week on The Broke and the Beautiful, Ne-Yo’s accusing his ex-manager, who invested his money in a company that went bankrupt, of conning him. Also, investor and reality-TV host Marcus Lemonis owns a bakery that supplied cupcakes to Crumbs. ... Read full article

Spencer Platt/Getty Images In the coming week in bankruptcy court, the biggest ticket will be watching to see if Revel Casino Hotel in Atlantic City, N.J., can secure a buyer to keep the resort fr ... Read full article

A Rhode Island lawmaker slipped a potential gift for debt-laden graduates into his proposal to tweak the consumer bankruptcy rules: a provision allowing those with crushing medical bills to eliminate their student loans, too. ... Read full article

Reuters/Scott Audette When a health-care company, particularly a hospital, files for Chapter 11 protection, it’s not your typical bankruptcy case. ... Read full article

Marcus Lemonis (right), the CEO of an RV and camping company, during a scene from The Profit, his CNBC business-makeover show. Heidi Gutman/CNBC ... Read full article

A court in The Hague has ruled that Russia owes former shareholders of the now-defunct oil giant Yukos more than $50 billion in compensation for the government’s seizure of the company, The Wall Street Journal reports . ... Read full article

A Delaware bankruptcy judge next week could approve the creditor-payment plan that would distribute money from the $149.2 million sale of failed hybrid auto maker Fisker Automotive Inc. On Monday, Judge Kevin Gross has the power to approve the ... Read full article

The Indubitable Equivalents play at the House of Blues in Cleveland Indubitable Euqivalents archives For a few hours on Saturday night, Judge Steven Rhod ... Read full article

On Tuesday in Manhattan, James River Coal Co. , is scheduled to auction itself off at the offices of its bankruptcy counsel, Davis Polk & Wardwell LLP. Originally scheduled to hold the auction on July 8, James River has been wavering among ... Read full article

The Archdiocese of Milwaukee has been running a tab when it comes to professionals working on its Chapter 11 bankruptcy case, and lawyers for unsecured creditors—chiefly survivors of sexual abuse— say it’s time to pay the bills . ... Read full article

Teen-focused clothing retailer Love Culture Inc. sought Chapter 11 protection Wednesday, citing an overexpansion that left the chain with weakened finances. Read the Daily Bankruptcy Review article here . ... Read full article