News Topic: Restructuring

Spanish media company Promotora de Informaciones SA , also known as Prisa, is thinking about filing for Chapter 11 in the U.S., The Wall Street Journal reports . ... Read full article

Reader’s Digest Association Inc. unveiled a restructuring plan to focus on its North American print and digital business Wednesday, as it prepares to emerge from bankruptcy protection. Read the Daily Bankruptcy Review article here . ... Read full article

The Irish government’s “bad bank” says developer Sean Dunne lied about his finances and concealed assets in his U.S. bankruptcy filings and in a meeting last month with creditors. ... Read full article

Tribune Co. plans to split its publishing business and its broadcast arm, following in the footsteps of companies like News Corp ., The Wall Street Journal reports . ... Read full article

Brent Lewin/Bloomberg News An American Airlines Inc. ... Read full article

Five Mile Capital Partners LLC is accusing MSR Hotels & Resorts Inc. of using its Chapter 11 case to shield its directors from possible liability for their alleged misconduct and wants an independent trustee to take charge of the company. Read the ... Read full article

Associated Press This undated photo made available by Casa Casuarina shows the exterior of Casa Casuarina—the former Versace mansion—in Miami Beach, Fla. ... Read full article

Mortgage lender Residential Capital filed a bankruptcy-exit plan that would pay general unsecured creditors 36.3 cents on the dollar and free government-owned parent Ally Financial Inc. from any more obligations in the case. Read the Daily Bankruptcy ... Read full article

Textbook publisher Cengage Learning Inc . filed for Chapter 11 bankruptcy protection Tuesday after reaching a restructuring deal with its lenders that would slash more than $4 billion in debt from its balance sheet. Read the Daily Bankruptcy Review ... Read full article

Shipping company Excel Maritime Carriers Ltd. filed for Chapter 11 bankruptcy protection late Monday after reaching a restructuring deal with its senior lenders. Read the Daily Bankruptcy Review article here . ... Read full article

Jefferson County, Ala., filed its bankruptcy-exit plan, the Birmingham Business Journal reports . Reader’s Digest Association Inc. on Friday received bankruptcy-court approval of its plan to exit bankruptcy in the hands of bondholders who are forgiving ... Read full article

This week on the Broke and the Beautiful, a cable TV show distributor filed for bankruptcy, and so did “Gossip Girl” star Kelly Rutherford. Also, funk music legend Sly Stone is fighting to dismiss the bankruptcies of his ex-manager’s companies. ... Read full article

Textbook publisher Cengage Learning Inc. is edging toward Chapter 11 bankruptcy protection, The Wall Street Journal reports . ... Read full article

A judge said Wednesday he will approve a $2.1 billion settlement involving mortgage lender Residential Capital LLC and parent company Ally Financial Inc. that could help Ally move forward on repaying its U.S. government bailout. Read the Daily Bankruptcy ... Read full article

A federal bankruptcy judge Tuesday ruled that repurchase agreements don’t qualify for “customer status” in a failed brokerage business, a blow to a group of banks that had sought equal footing with customers in the liquidation of Lehman Brothers Holdings ... Read full article

Global shipping company TMT Group sought bankruptcy protection after failing to restructure its $1.46 billion debt load out of court. Read the Daily Bankruptcy Review article via The Wall Street Journal . ... Read full article

This week on The Broke and the Beautiful, the Backstreet Boys are still dealing with the fallout of boy-band mogul Lou Pearlman. Also, film financier David Bergstein gets some new lawyers. ... Read full article

A bankruptcy judge approved a key component of Eastman Kodak Co.’s restructuring Thursday, allowing the company to hand its personalized-imaging and document-imaging businesses to U.K. retirees. Read the Daily Bankruptcy Review article here . ... Read full article