News Topic: Restructuring

Eastman Kodak Co. said it reached a deal, subject to court approval, that would allow it to repay its second-lien creditors in cash instead of equity in the company. Click here for the Daily Bankruptcy Review article. ... Read full article

The $1.9 billion debt-repayment deal that’s designed to pull Jefferson County, Ala., out of bankruptcy will eventually costs its citizens almost four times that amount. Read the Daily Bankruptcy Review article via The Wall Street Journal . ... Read full article

Orchard Supply Hardware Stores filed for Chapter 11 bankruptcy protection Monday with plans to sell itself to Lowe’s Cos., subject to higher bids at auction. Click here for the Daily Bankruptcy Review article. ... Read full article

A federal appeals court on Wednesday ruled that the federal government went too far when seizing assets to repay Scott Rothstein’s Ponzi scheme victims, handing a victory to bankruptcy trustees. Read the Daily Bankruptcy Review article here . ... Read full article

Patriot Coal Corp.’s chief executive and the head of its mine workers’ union traded barbs Wednesday after the union accused the company of walking out of negotiations to reach new labor terms. Read the Daily Bankruptcy Review article via The Wall Street ... Read full article

Bondholders are circling Exide Technologies Inc. looking for leverage in a Chapter 11 bankruptcy case that is shaping into a fast-moving revamp of the global battery business. Read the Daily Bankruptcy Review article here . ... Read full article

Sony Music Entertainment Sly Stone of Sly and the Family Stone Sly Stone’s former manager says he placed his businesses into bankruptcy to block a bid by the ... Read full article

The mine workers union that’s been battling with Patriot Coal Corp. for months is appealing a recent court ruling that cleared Patriot to reject its collective-bargaining agreements. Read the Daily Bankruptcy Review article here . ... Read full article

Troubled battery maker Exide Technologies Inc. filed for Chapter 11 bankruptcy protection early Monday as it faced $31 million in interest payments in August and the maturity of nearly $52 million in convertible notes in September. Read the Daily ... Read full article

Car- and machine-battery maker Exide Technologies Inc. is prepping for a possible bankruptcy filing, The Wall Street Journal reports . ... Read full article

Ahern Rentals Inc. won bankruptcy court approval to exit Chapter 11 protection under a plan that keeps the construction equipment rental company in the hands of the family that founded it 60 years ago. Read the Daily Bankruptcy Review article here . ... Read full article

Jefferson County, Ala., leaders voted Tuesday to accept a debt-settlement plan that will dramatically slash the $3.1 billion owed on its sewer system and allow the struggling county to get out of bankruptcy. Read the Daily Bankruptcy Review article here . ... Read full article

Senior bondholder Silver Point Finance LLC has submitted a proposal letter for K-V Pharmaceutical Co. that matches an offer from a group of investors holding subordinate bonds. Read the Daily Bankruptcy Review article here . ... Read full article

European Pressphoto Agency Lehman Brothers Holdings Inc. is selling more of the claims against its defunct brokerage, as part of a continuing strategy to quickly recover money that will go to its creditors. ... Read full article

This week on The Broke and the Beautiful, Joe Francis speaks to Bankruptcy Beat. Also, an appellate court tosses a legal judgment against the Girls Gone Wild founder. ... Read full article

A bankruptcy judge on Thursday warned ATP Oil & Gas Corp. that it’s not “preordained” that he’ll approve the asset sale the company has long been pinning its hopes on but which has run into complications. Read the Daily Bankruptcy Review article here ... Read full article

Stephanie S. ... Read full article

Ahern Rentals Inc. and its bondholders have agreed to a path out of Chapter 11 bankruptcy for the construction-equipment company, narrowly avoiding a showdown over rival restructuring plans. Read the Daily Bankruptcy Review article here . ... Read full article