News Topic: Restructuring

A federal judge on Tuesday approved the sale of A123 Systems Inc., the government-backed battery maker that has yet to turn a profit, to China’s Wanxiang America Corp. for $256.6 million. Read the Daily Bankruptcy Review article here . ... Read full article

LifeCare Holdings Inc. and affiliates, a hospital chain backed by the Carlyle Group, filed for Chapter 11 bankruptcy protection Tuesday. Read the Daily Bankruptcy Review article here . ... Read full article

This week on The Broke and the Beautiful, Busey’s done battling bankruptcy but still owes the IRS, and Braxton open up to “20/20.” Also, Lenny “Nails” Dykstra gets more prison time. ... Read full article

A123 Systems Inc., the government-backed battery maker that has yet to turn a profit, is set to be the unlikely object of a bidding war when its assets hit the auction block on Thursday. Read the Daily Bankruptcy Review article here . ... Read full article

Trustees for creditors left unpaid after the biggest banking failure in U.S. history say they suspect Goldman Sachs Group Inc. of targeting Washington Mutual Inc. , in a naked short-selling scheme. ... Read full article

This week on The Broke and the Beautiful, Kevin Spacey may take on the role of Ireland’s former richest man on the big screen, and Young Buck got some alone time in prison. Also, a famous poster will be auctioned next month. ... Read full article

The Republic/Associated Press A judge gave Hostess Brands Inc. ... Read full article

Zacky Farms has ruffled some feathers by starting to sell Zacky-branded chicken after having complied for 11 years with a promise not to use its logo on chicken, according to a bankruptcy court complaint filed against it. So Foster Farms, another ... Read full article

Getty Images Sen. Richard Blumenthal speaks during a press conference on Iran at the Capitol on Feb. 29. A U.S. ... Read full article

Reuters Hostess employees strike in front of one of the bakeries in Los Angeles. The union behind the crippling strike that Hostess Brands Inc. ... Read full article

Associated Press American Airlines planes are seen parked on the tarmac at Los Angeles International Airport on Monday, Oct 29, 2012. ... Read full article

Zumapress.com Hostess Brands Inc. said it received a “flood” of interest for its brands and assets since announcing its liquidation. ... Read full article

Associated Press Chocolate Twinkies Hostess Brands Inc. ... Read full article

The Republic/Associated Press The bankruptcy judge for Hostess Brands Inc. asked it and its bakers union to mediate. ... Read full article

Zumapress.com The union that brought the 85-year-old baker of Twinkies and Wonder Bread to its knees is holding out hope that a buyer will salvage chunks of the company and send the union’s members back to wor ... Read full article

A bankruptcy judge has decided whether to let Pinnacle Airlines Corp. slash its pilots’ pay, but he apparently wants the decision to be a surprise to the 2,800 pilots affected by the ruling. ... Read full article

This week on The Broke and the Beautiful, actor Gary Dourdan is in bankruptcy, and Toni Braxton’s mansion is for sale. Also, prosecutors want Lenny “Nails” Dykstra to serve more time in the prison dugout. ... Read full article

Reuters Hostess Brands Inc., the maker of iconic treats such as Twinkies and traditional pantry staple Wonder Bread, said Friday it is shuttering its plants and will seek to liquidate the 82-year-old business. ... Read full article