News Topic: Restructuring

This week on The Broke and the Beautiful, Twinkies might get backed by some star power, and British actress Amanda Abbington has declared herself insolvent. Also, Michael Vick had to cancel his book tour because of threats of violence against him. ... Read full article

SPI Group, the owner of Stolichnaya vodka, may make an offer for Central European Distribution Corp. as that company tries to manage its more than $1 billion in debt, some of which is set to mature next week. Read the Daily Bankruptcy Review article here ... Read full article

dapd The sniping over Lehman Brothers Holdings Inc.’s attempt to question the trader known as the “London Whale” over derivatives hedges resumed Tuesday, with the failed investment bank criticizing what it says ... Read full article

Reuters The last remaining boxes of Twinkies on display at a Jewel-Osco grocery store in Chicago on Dec. 11, 2012. Hostess Brands Inc. ... Read full article

By Ben Fritz ... Read full article

This week on The Broke and the Beautiful, we find some commonalities with the characters of “Downton Abbey,” and Rhythm & Hues’ bankruptcy isn’t stopping a computer-generated tiger from being the “life” of the party. Also, the firm’s bankruptcy is ... Read full article

A judge on Tuesday gave Residential Capital LLC 60 days from now to file a restructuring plan without having to worry about rival proposals, as the company seeks to settle the complex issues surrounding its bankruptcy case. Read the Daily Bankruptcy ... Read full article

Ally Financial Inc. mortgage subsidiary Residential Capital LLC said bondholders wishing to file their own reorganization plan just want the Chapter 11 case to become one “replete with competing plans and open warfare.” Read the Daily Bankruptcy Review ... Read full article

Mexican glass manufacturer Vitro SAB said Monday that it has reached an agreement with nonconsenting creditors that will put an end to two years of litigation and allow the company to conclude its debt restructuring. Read the article in Daily Bankruptcy ... Read full article

J.P. Morgan Chase & Co. is balking at Lehman Brothers Holdings Inc.’s efforts to question the trader known as the “London Whale” over derivatives trades, saying the failed investment bank is on a speculative fishing expedition meant to harass the bank ... Read full article

Mexican bakery giant Grupo Bimbo SAB de CV is challenging a $30 million bid from one of its biggest rivals for Hostess Brands Inc.’s Beefsteak rye brand. Read the Daily Bankruptcy Review article here . Here’s a WSJ video discussion on the bidding process ... Read full article

Associated Press American Airlines and US Airways Group Inc. ... Read full article

School Specialty Inc. won court approval to draw $129 million of a rival bankruptcy loan that gives the education supply company more time and flexibility in its Chapter 11 restructuring Read the Daily Bankruptcy Review article here . ... Read full article

Bondholders say allowing Residential Capital LLC to retain control of its stalled restructuring is “the surest path to nuclear war” and urged a judge to allow creditors to propose rival restructuring plans. Read the Daily Bankruptcy Review article here . ... Read full article

Associated Press American Airlines says Travelport Ltd. shouldn’t be allowed to delay a fast-approaching antitrust trial in which “billions of dollars” are potentially on the line. ... Read full article

Legendary Pictures Still from “Seventh Son” Bankrupt special effects studio Rhythm & Hues said it can’t afford to finish the more than 200 scenes it prom ... Read full article

Associated Press Atlantic City, N.J.’s Revel casino is getting ready to file for bankruptcy, The Wall Street Journal ... Read full article

Reader’s Digest/Associated Press Reader’s Digest Association and six affiliates filed for Chapter 11 protection Sunday, the publisher’s second bankruptcy filing in 3 1/2 years. ... Read full article