Restructuring

Forward Motions: Judge Could Clear Detroit to Leave Bankruptcy

10/31/14

Detroit could get a ticket to get out of bankruptcy next Friday.

U.S. Bankruptcy Judge Steven Rhodes will reveal his decision on whether the city’s bankruptcy-exit plan, which cuts $7 billion in debt, is fair.

City leaders and creditors picked through the details of the plan during a trial that lasted several weeks. The plan calls for $275 million in new borrowing and a $1.7 billion reinvestment in removing blighted buildings and boosting police and fire services in the city.

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The Daily Docket: Judge Approves Stockton Bankruptcy Plan

10/31/14
Gosia Wozniacka

The federal judge overseeing the two-year-long bankruptcy of Stockton, Calif., ruled Thursday that the distressed city can exit court protection without deeper cuts to its pension obligations.

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The Daily Docket: Wyly Lawyers Seek Approval for Art Sale

10/30/14
In this May 6 file photo, Texas entrepreneur Sam Wyly arrives to U.S.
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Report: Foreign Companies Are Turning to U.S. Bankruptcy Courts

10/29/14

The U.S. Bankruptcy Code isn’t just for companies in the U.S.

A new report from scholars Oscar Couwenberg of University of Groningen Faculty of Law in the Netherlands and Stephen J. Lubben of Seton Hall University School of Law in New Jersey identified 49 corporate bankruptcy filings between 2005 and 2012 that included foreign debtors. Of those, 15 had no U.S. parent company.

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The Daily Docket: Indiana Toll Road Approved to Leave Bankruptcy

10/29/14

A bankruptcy judge cleared the operator of the Indiana Toll Road to exit Chapter 11 and continue its hunt for a buyer who can help the company pay off about $6 billion in debt. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Sound Effects for Sale at Bankruptcy Auction

10/28/14
Peter Dinklage in “Game of Thrones.” Todd-Soundelux used to do postproduction work on the TV series.
HBO/Courtesy Everett Collection

Looking to get some ban

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The Daily Docket: Oncor Auction Rules Fight Wraps Up

10/28/14

Unsecured creditors are campaigning to stop, or at least slow, Energy Future Holdings Corp.’s plan to auction its stake in the Texas transmission business Oncor, a sale the company says is crucial to resolving one of the biggest bankruptcies on record. Read the Daily Bankruptcy Review article here.

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The Daily Docket: GT Bankruptcy Pros Disclose Client Ties to Apple

10/27/14
An attendee demonstrates the Apple Watch after a product announcement at Flint Center in Cupertino, C
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Forward Motions: Judge to Hear Closing Arguments in Detroit Bankruptcy

10/24/14
Fireworks burst over the Detroit city skyline during the annual Ford Fireworks show in downtown, Monday, June 23, 2014.
Associated Press

After a weekslon

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The Daily Docket: GT Will Wind Down Arizona, Massachusetts Locations

10/24/14
The new Apple Watch is pictured during an Apple event at the Flint Center for the Performing Arts in Cupertino, Calif., in this file picture taken Sept.
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