Restructuring

Florida Developer Details $500 Million Plan for Atlantic City

04/06/15
This photo taken on Oct. 17, 2012, shows the exterior of the former Revel Casino Hotel in Atlantic City N.J. ACR Energy Partners had told Revel’s owners it would cut off service to the building at 5 p.m. Thursday, Feb.
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The Daily Docket: Delia’s to Sell Distribution Facility

04/06/15

Liquidating retailer Delia’s Inc. received bankruptcy-court approval to sell its distribution facility in Pennsylvania for $3.95 million. Read the Daily Bankruptcy Review article here.

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Forward Motions: Doral Financial, ProNerve Seek Court-Supervised Sales

04/03/15

On Thursday in Manhattan, Doral Financial Corp. will seek court permission to sell its insurance arm to Anglo-Puerto Rican Insurance Corp. for $10.75 million, subject to higher bids at an auction.

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The Daily Docket: Judge to Approve Revel Sale to Glenn Straub

04/03/15
This May 30, 2014, photo shows the former Revel Casino Hotel in Atlantic City, N.J.
Wayne Parry/Associated Press

A bankruptcy judge Thursday said she wou

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The Daily Docket: RadioShack Wins Approval of Standard General Takeover

04/01/15
Keith Bedford for The Wall Street Journal

RadioShack Corp. won court approval of a lender takeover that will send the retailer out of bankruptcy in pared-down form, but still selling electronics.

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The Daily Docket: Altegrity Files Restructuring Plan

03/31/15

Altegrity Inc., which gained notoriety for vetting former National Security Agency contractor Edward Snowden, said its restructuring plan would pay general unsecured creditors just over two cents on the dollar for their claims. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Salus Changes Mind on Increasing RadioShack Bid

03/30/15
Chronicle-Tribune/Associated Press

Salus Capital Partners, the hedge fund trying to gain control of RadioShack

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Kanye West Seeks to Buy Streetwear Retailer Karmaloop

03/27/15

This week on The Broke and the Beautiful, Kanye West wants to buy Karmaloop, Parma hits another bump in the road, and U.K. boxer Ricky Burns was declared bankrupt.

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Forward Motions: Parishes to Seek More Say in Archdiocese Bankruptcy

03/27/15

Thursday in Minnesota, about 113 parishes of the Roman Catholic Archdiocese of St. Paul and Minneapolis will argue they deserve their own voice as creditors in the archdiocese’s bankruptcy case.

Victims of alleged clergy sexual abuse and their advocates have called the parishes’ request to form an official committee “troubling,” saying another creditors’ committee would effectively give the archdiocese a place on both sides of the bargaining table.

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The Daily Docket: RadioShack Fights for Standard General Takeover

03/27/15
Bloomberg News

RadioShack Corp . said an offer from Standard Gene

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