News Topic: Restructuring

Next week in bankruptcy, vitamin and supplement supplier Natrol Inc. and its lender, Cerberus Business Finance LLC, will go to court to settle a dispute over control of the company. Last month, Cerberus asked Judge Brendan Shannon of the U.S. Bankruptcy ... Read full article

A bankruptcy judge said on Wednesday that Genco Shipping & Trading Ltd.’s restructuring plan appropriately values the dry-bulk shipper and that he will confirm the plan. Read the Daily Bankruptcy Review article here . ... Read full article

Philip Falcone ‘s LightSquared on Tuesday unveiled a $3.05 billion restructuring plan that would give 74% of the wireless venture to Cerberus Capital Management LP, Fortress Investment Group  LLC and J.P. Morgan Chase & Co., and leave Mr. Falcone with ... Read full article

Energy Future Holdings Corp. insiders took nearly $46 million out of the company in the 12 months leading up to its April 29 bankruptcy filing, new court records show . ... Read full article

Philip Falcone ‘s LightSquared wireless venture has a new reorganization plan tentatively in place that includes Cerberus Capital Management LP, according to a person familiar with the negotiations. The Wall Street Journal has the Daily Bankruptcy Review ... Read full article

Nautilus Holdings Ltd., a container shipping venture led by Andreas Papathomas, filed for bankruptcy protection, the latest victim of too much debt and a downturn in the shipping industry. Read the Daily Bankruptcy Review article here . ... Read full article

Settlement talks may be in the works as the long-running trial over Nortel Networks Corp.'s billions winds to a close. The Wall Street Journal has the Daily Bankruptcy Review article here . ... Read full article

The week in bankruptcy kicks off Monday in Wilmington, Del., when Brookstone Holdings Corp. will go before a judge to seek approval of its bankruptcy-exit plan. The centerpiece of the retailer’s plan is a $174 million bid to buy the company from Sailing ... Read full article

Revel resort and casino, which at 47 stories is the tallest building in Atlantic City, N.J., filed for Chapter 11 protection Thursday. Associated Press At ... Read full article

Investors who bought several Washington, D.C., restaurants that are now in bankruptcy want to hire a law firm that specializes in criminal fraud to look for any potential claims against the former owners. In court papers, lawyers for restaurant owner ... Read full article

The trust in charge of overseeing Residential Capital LLC’s liquidation is trying to make the former mortgage servicer’s expensive bankruptcy case a little cheaper. Read the Daily Bankruptcy Review article here . ... Read full article

Momentive Performance Materials Inc. will likely revise its restructuring plan outline after a federal bankruptcy watchdog called it “woefully inadequate.” Read the Daily Bankruptcy Review article here . ... Read full article

On Monday, a bankruptcy judge could clear Platinum Partners Value Arbitrage Fund LP to take over struggling Glacial Energy Holdings Inc. after winning a bankruptcy auction earlier this month. The value of Platinum Partners’ winning offer hasn’t been ... Read full article

A judge said James River Coal Co. can pay up to $2.7 million in bonuses to its top executives, rejecting a challenge to the payments by the federal government’s bankruptcy watchdog. Read the Daily Bankruptcy Review article via The Wall Street Journal . ... Read full article

The bankruptcy trustee unwinding defunct law firm Dewey & LeBoeuf LLP has brought new allegations against two former Dewey executives in a suit seeking the return of more than $21.8 million the two allegedly were paid as the law firm “fell deeper and ... Read full article

Energy Future Holdings Corp. on Friday won court approval of a $5.4 billion bankruptcy loan after revisions calmed objections over the deal. The Wall Street Journal has the Daily Bankruptcy Review article here . ... Read full article

After reaching an agreement with unsecured creditors, Fisker Automotive Inc. will move forward with its bankruptcy-exit plan on Monday, when it will ask the court to approve the plain-language outline of that plan. The agreement with creditors, reached ... Read full article

Energy Future Holdings Corp. launched a crucial hearing on financing its $42 billion bankruptcy by announcing it had reached an accord with some key critics and by winning final approval of a $4.475 billion loan. The Wall Street Journal has the Daily ... Read full article