News Topic: Restructuring

With a $3 billion bid Ocwen Financial Corp. was named the winner Wednesday in a bankruptcy auction for the mortgage-servicing and origination assets of lender Residential Capital LLC. Read the article in Daily Bankruptcy Review . ... Read full article

Nationstar Mortgage Holdings Inc. submitted a $2.67 billion bid at a bankruptcy auction for the mortgage assets of Residential Capital on Tuesday, topping a bid by Ocwen Financial Corp., people familiar with the matter said. Click here to read the article ... Read full article

A scene in National Geographic’s “Alaska Wing Men” television series shows pilot Jack Barber weaving his small charter airplane in and out of white plumes that hide the Merrill Pass’s jagged cliff line. ... Read full article

A bankruptcy judge Monday confirmed Solyndra LLC’s Chapter 11 plan, brushing aside protests from the Department of Energy, which stands to lose most of the $527 million in taxpayer dollars it risked on the company. Read the Daily Bankruptcy Review article ... Read full article

Office of Sen. Charles E. Schumer Sen. ... Read full article

A former Taylor Bean and Whitaker Corp. subsidiary is renewing its bid to probe whether Freddie Mac “aided and abetted” the multibillion-dollar bank fraud at the failed mortgage lender. Read the Daily Bankruptcy Review article here . ... Read full article

This week on The Broke and the Beautiful, a museum dedicated to Wayne Newton is doing more than just entertaining the notion of a bankruptcy filing, and some of Broke’s all-stars are getting together on the newest season of “Celebrity Apprentice.” Also, ... Read full article

A bidding war for A123 Systems Inc. broke out in bankruptcy court Thursday between a spurned Chinese suitor and an American auto-parts maker. Read the Daily Bankruptcy Review article here . ... Read full article

Associated Press As if bankruptcy itself were not tough enough, Solyndra had the ill fortune to sink with $527 million of taxpayer loans and a private equity owner with links to President ... Read full article

Hawker Beechcraft said it plans to emerge from Chapter 11 protection as a standalone company and is no longer pursuing a transaction with China’s Superior Aviation Beijing Co. Read the Daily Bankruptcy Review article here . ... Read full article

Satcon Technology Corp. filed for Chapter 11 protection. Click here to read the story in DBR Small Cap. ... Read full article

By Joe Palazzolo ... Read full article

Associated Press Electric car battery manufacturer A123 Systems Inc ., the recipient of nearly $250 million in government grants, filed for Chapter 11 bankruptcy protection Tuesday morning.Read the Daily Bankrup ... Read full article

The fight to bring four marquee U.S. hotels out of bankruptcy is turning increasingly nasty, with a hedge fund accusing the company that oversees their mortgage debt of “bullying” management into accepting a $1.5 billion offer from Singapore’s sovereign ... Read full article

This week on The Broke and the Beautiful, we’re betting financial self-help guru Robert Kiyosaki isn’t feeling so rich. Also, testimony from Nevin Shapiro’s right-hand man is stirring the pot for the Miami Hurricanes. ... Read full article

Residential Capital LLC said in court papers it is changing the terms of its $1.45 billion bankruptcy loan to allow it to sell its “legacy” loan portfolio before unloading its mortgage-servicing portfolio, a move that would allow Berkshire Hathaway Inc. ... Read full article

A majority of American Eagle pilots have voted in favor of a new labor agreement between their union and AMR Corp., the regional airline’s parent. Read the Daily Bankruptcy Review article here . ... Read full article

Pinnacle Airlines Corp.'s thousands of pilots and flight attendants are objecting to the airline’s bid to scrap their contracts, a move the regional carrier says is necessary to exit bankruptcy protection. Read the Daily Bankruptcy Review article ... Read full article