News Topic: Restructuring

Ambulance company Rural/Metro Corp. filed for Chapter 11 bankruptcy protection on Sunday after striking a deal with lenders to trim its debt load. Read the Daily Bankruptcy Review article via The Wall Street Journal . ... Read full article

This week on The Broke and the Beautiful, rapper DMX filed for bankruptcy protection. Also, Teresa and Joe Giudice of Bravo’s “The Real Housewives of New Jersey” were charged with fraud, and fellow New Jersey “Real Housewives” star Danielle Staub settled ... Read full article

Creditors of Edison International’s commercial power unit are seeking more than $1 billion from the parent company, which vowed on Thursday to fight their effort. Read the Daily Bankruptcy Review article via The Wall Street Journal . ... Read full article

The lawyers who’ve tried to calm the storm surrounding Girls Gone Wild have reached a deal with casino kingpin Steve Wynn , whose attempt to squeeze more than $30 million out of the adult-entertainment producer’s companies led them to file for bankruptcy ... Read full article

Ambulance company Rural/Metro Corp., which provides ambulance service in rural communities, is getting ready for a possible bankruptcy, The Wall Street Journal reports . ... Read full article

Detroit’s bankruptcy judge has proposed to hold a trial in October for the city’s retirees and bondholders to argue that Michigan law blocks the city from using the power of bankruptcy to cut more than $18 billion in debt. Read the Daily Bankruptcy Review ... Read full article

Cengage Learning Inc.’s unsecured creditors are accusing the company’s first-lien lenders, including current equity owner Apax Partners L.P., of orchestrating a “value-grabbing effort” to deleverage the company and capture all its value at the expense of ... Read full article

Dish Network Corp. Chairman  Charlie Ergen  stands to make hundreds of millions of dollars in profits personally if Dish’s bid for wireless telecommunications firm LightSquared succeeds, court records and people familiar with the situation say. ... Read full article

This week on The Broke and the Beautiful, we’ve got more on the upcoming auction of Casa Casuarina, as well as some informational tidbits about the former Versace mansion. Also, former Atomic Kitten singer Kerry Katona was tapped to play Marilyn Monroe in ... Read full article

MF Global Holdings Ltd. has struck a deal with J.P. Morgan Chase & Co. that calls for the bank to pay MF Global a portion of what the bank recovers in the case, a settlement that MF Global’s administrator says avoids “years of costly and complex ... Read full article

The federal judge handling the nation’s largest municipal-bankruptcy case ruled Wednesday that the city of Detroit is entitled to protection from state lawsuits challenging its bankruptcy filing. Read the Daily Bankruptcy Review article via The Wall Steet ... Read full article

Mexican phone company Maxcom Telecomunicaciones S.A.B. filed for Chapter 11 bankruptcy protection in the U.S. late Tuesday after reaching a deal with its creditors that would hand control of the company to a group of investors led by private equity firm ... Read full article

With control of its bankruptcy case gone, LightSquared said it expects multiple proposals to reorganize the company and hopes to have any winning plan approved by December. Read the Daily Bankruptcy Review article here . ... Read full article

Poised to break pension promises to more than 23,500 retired city workers, cops and firefighters, Detroit’s bankruptcy attorneys said that those retirees deserve an official committee to speak for them as the 686,000-resident city struggles to unload ... Read full article

This week on The Broke and the Beautiful, boy-band mogul Lou Pearlman’s investors will soon start voting on a repayment plan, and the Backstreet Boys are back in court to defend claims against Mr. Pearlman. Also, the former Versace mansion is headed for a ... Read full article

The city of Detroit filed for Chapter 9 protection in the biggest municipal bankruptcy case in U.S. history, The Wall Street Journal reports . Waste processor Synagro Technologies Inc. Thursday won court approval to poll creditors on its plan to bail out ... Read full article

A bankruptcy filing by the city of Detroit could come within days, The Wall Street Journal reports . The U.S. Environmental Protection Agency added its voice to the chorus of regulators worried battery maker Exide Technologies Inc.’s bankruptcy loan poses ... Read full article

K-V Pharmaceutical Co. received approval Tuesday to send its bankruptcy-exit plan to creditors for a vote. Read the Daily Bankruptcy Review article here . ... Read full article