Restructuring

Bill Would Let ‘Medically Distressed’ Cast Off Student Loans

08/01/14

A Rhode Island lawmaker slipped a potential gift for debt-laden graduates into his proposal to tweak the consumer bankruptcy rules: a provision allowing those with crushing medical bills to eliminate their student loans, too.

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Q&A: How Can Lenders Navigate Health Care Bankruptcies?

07/31/14
Reuters/Scott Audette

When a health-care company, particularly a hospital, files for Chapter 11 protection, it’s not your typical bankruptcy case.

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Crumbs Suitor Lemonis a Cupcake Critic—And Cupcake Baker, Too

07/30/14
Marcus Lemonis (right), the CEO of an RV and camping company, during a scene from The Profit, his CNBC business-makeover show.
Heidi Gutman/CNBC
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The Daily Docket: Court Rules Russia Owes Ex-Yukos Owners $50 Billion

07/28/14

A court in The Hague has ruled that Russia owes former shareholders of the now-defunct oil giant Yukos more than $50 billion in compensation for the government’s seizure of the company, The Wall Street Journal reports.

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Forward Motions: Judge to Review Fisker Payment Plan

07/25/14

A Delaware bankruptcy judge next week could approve the creditor-payment plan that would distribute money from the $149.2 million sale of failed hybrid auto maker Fisker Automotive Inc.

On Monday, Judge Kevin Gross has the power to approve the distribution plan for proceeds from the company’s sale to China’s Wanxiang Group. Wanxiang America has said it will revive Fisker’s car-making operations, and the plan offers old company’s trade vendors and other unsecured creditors a chance to share in the profits through a 20% ownership stake in the reorganized company.

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Detroit Bankruptcy Judge Set to Rock ABI Conference

07/18/14
The Indubitable Equivalents play at the House of Blues in Cleveland
Indubitable Euqivalents archives

For a few hours on Saturday night, Judge Steven Rhod

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Forward Motions: James River Set to Auction Its Assets

07/18/14

On Tuesday in Manhattan, James River Coal Co., is scheduled to auction itself off at the offices of its bankruptcy counsel, Davis Polk & Wardwell LLP.

Originally scheduled to hold the auction on July 8, James River has been wavering among reorganizing, selling its assets or liquidating.

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Creditors’ Lawyers Press Archdiocese of Milwaukee to Pay Up

07/17/14

The Archdiocese of Milwaukee has been running a tab when it comes to professionals working on its Chapter 11 bankruptcy case, and lawyers for unsecured creditors—chiefly survivors of sexual abuse—say it’s time to pay the bills.

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The Daily Docket: Love Culture Enters Bankruptcy

07/17/14

Teen-focused clothing retailer Love Culture Inc. sought Chapter 11 protection Wednesday, citing an overexpansion that left the chain with weakened finances. Read the Daily Bankruptcy Review article here.

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Forward Motions: Energy Future Updates on Restructuring Support Agreement

07/11/14

Energy Future Holdings Corp. will on Friday present to the bankruptcy court a comprehensive report on the status of negotiations on the agreement that would form the backbone of its Chapter 11 plan.

The Friday hearing had originally been set as the date when Energy Future would press for court approval of the restructuring support agreement. But that has been delayed to allow negotiations to continue, according to Energy Future.

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