Restructuring

The Daily Docket: Revel Seeks More Breathing Room in Sale

03/17/15
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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Parma Loses More Points for Not Making Payments

03/13/15
In this March 8 file photo, a man stands outside the Tardini stadium as a note behind him reads in Italian “Chiuso per rapina” (Closed after robbery) prior to a Serie A soccer match between Parma and Atalanta in Parma, Italy.
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Forward Motions: Longview Power Seeks Approval of Bankruptcy-Exit Plan

03/13/15

Longview Power LLC heads to bankruptcy court Monday to try to win a judge’s approval of its plan to exit chapter 11 bankruptcy protection.

Longview, the operator of a 700-megawatt power plant in West Virginia that was the largest privately funded project in the state’s history, sought bankruptcy protection in August 2013 after being plagued with operational issues since its 2011 launch.

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Exide’s Stand on Human Bondholders to be Tested

03/12/15

By trade, James Reise is an excavator who works for developers mostly in the suburbs of Washington, D.C. Bankruptcy investing is a sideline, and he’s had some luck with it—until recently.

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The Daily Docket: Energy Future Approved to Pay off up to $750 Million in Debt

03/11/15

Energy Future Holdings Corp. won court permission to pay down as much as $750 million of a $2.15 billion bond issue, a move that will save $66 million in interest this year. The Wall Street Journal has the Daily Bankruptcy Review article here.

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The Daily Docket: Dune Energy Files for Bankruptcy

03/09/15

Dune Energy Inc . filed for bankruptcy protection Sunday after falling oil prices caused a proposed merger with Eos Petro Inc. to fall apart. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Forward Motions: LightSquared to Defend Bankruptcy-Exit Plan

03/06/15

LightSquared’s latest attempt to get out of bankruptcy protection will begin on Monday morning.

Bankruptcy lawyers for hedge fund manager Philip Falcone‘s wireless venture will try to persuade Judge Shelley Chapman in U.S. Bankruptcy Court in New York to let them to put the company’s reorganization plan into action.

The company has gone through several proposed restructuring plans, but all have fallen through. And the latest proposal already has a challenger: hedge fund Solus Alternative Asset Management LP.

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