News Topic: Restructuring

Alabama’s Jefferson County filed for Chapter 9 protection Wednesday evening with more than $3 billion in debt, the largest bankruptcy of its kind, The Wall Street Journal reports . ... Read full article

Dynegy Inc.’s holding company filed for Chapter 11 protection Monday night, The Wall Street Journal reports . The bankruptcy filing could cause bondholder losses without harming shareholders of the parent company. ... Read full article

Dish Network Corp. is a giant step closer to owning TerreStar Networks Inc. and DBSD North America Inc., after settling a long legal fight with Sprint Nextel Corp. over a satellite-licensing agreement. Read the Daily Bankruptcy Review article here . ... Read full article

This week on The Broke and the Beautiful, it looks like the Los Angeles Dodgers are stepping up to be sold, and former outfielder Lenny Dysktra’s going for a knockout. Also this week, another of Bravos’ “Real Housewives” has some bankruptcy-court drama, ... Read full article

MF Global Holdings Ltd. Chief Executive Jon Corzine has resigned and will not try to get severance, Dow Jones Newswires reports . ... Read full article

Lehman Brothers Holdings Inc.’s European affiliate is angry at a move by the trustee unwinding Lehman’s U.S. brokerage to block European creditors from recovering more than $8 billion, a dispute that could augur what’s in store for customers of MF Global ... Read full article

Getty Images Frank McCourt The devil-in-the-details crowd, also known as bankruptcy lawyers, are waiting to see the documents outlining the what, how and when of the sale ... Read full article

Los Angeles Dodgers owner Frank McCourt on Tuesday made a deal with Major League Baseball Tuesday to sell the team, the Associated Press reports . ... Read full article

A judge on Monday rejected Tribune Co.’s plan to exit bankruptcy, sending the media giant back to the bargaining table to find a viable restructuring strategy after nearly three years in Chapter 11. Read the Daily Bankruptcy Review article here . ... Read full article

Brokerage firm MF Global filed for Chapter 11 protection Monday.  The Wall Street Journal has details regarding a deal the company was negotiating Sunday to sell its assets to Interactive Brokers Group, said a person familiar with the matter. ... Read full article

This week on The Broke and the Beautiful, the Texas Rangers come closer to winning their first World Series, the Los Angeles Dodgers and owner Frank McCourt are fraught with drama, and a $10 million home on South Florida’s Star Island that was once owned ... Read full article

Innkeepers USA Trust on Thursday said it has closed its $1.02 billion sale of 64 hotels to Cerberus Capital Management LP, the last step in the hotelier’s emergence from Chapter 11 bankruptcy. Read the Daily Bankruptcy Review article here . ... Read full article

Reuters Interior of the Crystal Cathedral A year in bankruptcy protection finally seems to have set Crystal Cathedral Ministries down a new path. ... Read full article

Lehman Brothers Holdings Inc. said recent settlements with a number of its far-flung foreign affiliates have put the failed investment bank on track to win approval of its plan to exit bankruptcy by the end of the year. Read the Daily Bankruptcy Review ... Read full article

A California bankruptcy judge Tuesday approved Lehman Brothers Holdings Inc.’s Chapter 11 plans for more than a dozen real-estate projects that had been caught up in the legal tug of war between the failed investment bank and land developer SunCal Cos. ... Read full article

Associated Press Los Angeles Dodgers owner Frank McCourt in a June 2010 file photo Season-ticket holders abandoned their demand for an official committee of their own in the ... Read full article

Lehman Brothers Holdings Inc. and California land developer SunCal Cos. reached a settlement in their long-running fight over the fate of more than a dozen stalled real-estate projects. Read the Daily Bankruptcy Review article here . ... Read full article

A judge Friday approved a lower-priced sale of Innkeepers USA Trust’s hotels to private-equity firm Cerberus Capital Management LP, putting the hotelier’s bankruptcy exit back on track after nearly two months of hiccups. Read the Daily Bankruptcy Review ... Read full article