Restructuring

The Daily Docket: Endeavor International Enters Bankruptcy

10/13/14

Endeavour International Corp., a Houston-based oil and gas company, filed for bankruptcy protection late Friday night as part of a debt-for-equity swap with bondholders that will slash about $568 million in debt off the company’s books, Daily Bankruptcy Review reports in The Wall Street Journal.

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Forward Motions: Energy Future Seeks to Pay Bankruptcy Bonuses

10/10/14

Energy Future Holdings Corp. will continue making its case next Wednesday in Wilmington, Del., to pay as much as $18 million in bonuses to upper management. A hearing on the matter began on Oct. 8 and spilled into Oct. 9, as the company faces a fight from U.S. Trustee Roberta A. DeAngelis.

Among Ms. DeAngelis’s problems with the package is a pre-existing bonus arrangement that could nearly double the amount Energy Future is seeking.

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The Daily Docket: Apple Supplier GT Advanced Plans to Wind Down Sapphire Business

10/10/14

Apple Inc . supplier GT Advanced Technologies Inc. plans to exit the business of manufacturing sapphire after a failed effort to produce material for Apple’s smartphone screens. Read the Daily Bankruptcy Review story in the Wall Street Journal.

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Great Northern Paper Bankruptcy an Issue in Maine’s Race for Governor

10/09/14
The paper mill in Millinocket, Maine, which closed in 2008.
Associated Press

The closure of Great Northern Paper Co.’s paper mill in Maine and subsequent b

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The Examiners: Prepa Restructuring Depends on Energy Alternatives

10/09/14

Puerto Rico’s Prepa utility has until mid-December to come up with a new business plan and early March to propose a debt-restructuring plan.

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The Examiners: Prepa Restructuring Features Usual, Unusual Challenges

10/09/14

Puerto Rico’s Prepa utility has until mid-December to come up with a new business plan and early March to propose a debt-restructuring plan.

[more]

The Daily Docket: Union Protests Trump Bid to Cut Benefits

10/09/14
Associated Press

The union for some 1,140 workers at Atlantic City, N.J.’s Trump Taj Mahal casino who are rallying to save their health-care and pension benefits are now fighting in two places: in the courtroo

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GT Advanced Wants to Keep Issues With Apple Secret

10/09/14

GT Advanced Technologies , the sapphire supplier that filed for bankruptcy protection Monday, wants to keep what went wrong between it and Apple Inc. behind closed doors.

Why?

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Germany’s Rena Lange Launches U.S. Bankruptcy

10/08/14
A model presents a creation by the Rena Lange fashion label during the Mercedes-Benz Fashion Week in Berlin in July 2011.
EPA/Britta Pedersen

German f

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The Examiners: Prepa Restructuring Will Impact Many Stakeholders

10/08/14

Puerto Rico’s Prepa utility has until mid-December to come up with a new business plan and early March to propose a debt-restructuring plan.

[more]