Restructuring

The Daily Docket: Ashley Stewart Enters Bankruptcy

03/11/14

Plus-size women’s clothing retailer Ashley Stewart Holdings Inc. filed for Chapter 11 on Monday, tracing its decline to a slow economy and Hurricane Sandy. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Mt. Gox Files for Chapter 15

03/10/14

Bitcoin trader Mt. Gox, which is in bankruptcy in Japan, filed for Chapter 15 bankruptcy protection in the U.S. Read the Daily Bankruptcy Review article here.

Pizza chain Sbarro filed for Chapter 11 bankruptcy protection again. Click here for the DBR article.

[more]

The Daily Docket: Mt. Gox Files for Chapter 15

03/10/14

Bitcoin trader Mt. Gox, which is in bankruptcy in Japan, filed for Chapter 15 bankruptcy protection in the U.S. Read the Daily Bankruptcy Review article here.

Pizza chain Sbarro filed for Chapter 11 bankruptcy protection again. Click here for the DBR article.

[more]

Bankruptcy Judge Elizabeth Perris to Retire in 2015

03/07/14

U.S. Bankruptcy Judge Elizabeth L. Perris plans to retire after 30 years on the Oregon bench.

Judge Perris, 62, who is known for mediating disputes in Detroit’s bankruptcy and for other financially struggling cities, plans to retire in January. She’ll use the extra time to continue mediation work, travel and “not [have] to be on 6 a.m. conference calls,” according to a statement from her chambers.

[more]

Bankruptcy Judge Elizabeth Perris to Retire in 2015

03/07/14

U.S. Bankruptcy Judge Elizabeth L. Perris plans to retire after 30 years on the Oregon bench.

Judge Perris, 62, who is known for mediating disputes in Detroit’s bankruptcy and for other financially struggling cities, plans to retire in January. She’ll use the extra time to continue mediation work, travel and “not [have] to be on 6 a.m. conference calls,” according to a statement from her chambers.

[more]

The Broke and the Beautiful: Guilty Edition

03/07/14

This week on The Broke and the Beautiful, Teresa and Joe Giudice plead guilty to fraud, and Armand Assante wants to save his house from auction. Also, Mel Gibson’s ex filed a debt-payment plan.

[more]

The Broke and the Beautiful: Guilty Edition

03/07/14

This week on The Broke and the Beautiful, Teresa and Joe Giudice plead guilty to fraud, and Armand Assante wants to save his house from auction. Also, Mel Gibson’s ex filed a debt-payment plan.

[more]

Forward Motions: Cengage Seeks Final Approval of Restructuring

03/07/14

On Thursday in Brooklyn, N.Y., Cengage Learning Inc. plans to ask for a judge’s final blessing for a reorganization plan that would cut $4 billion of the textbook publisher’s debt.

The proposal gives a majority of the company’s equity to a group of senior lenders and, crucially, provides junior creditors $225 million in cash or stock.

[more]

Forward Motions: Cengage Seeks Final Approval of Restructuring

03/07/14

On Thursday in Brooklyn, N.Y., Cengage Learning Inc. plans to ask for a judge’s final blessing for a reorganization plan that would cut $4 billion of the textbook publisher’s debt.

The proposal gives a majority of the company’s equity to a group of senior lenders and, crucially, provides junior creditors $225 million in cash or stock.

[more]

The Daily Docket: Dewey Execs Indicted

03/07/14

Former leaders at collapsed law firm Dewey & LeBoeuf LLP were indicted on fraud charges including grand larceny, securities fraud and conspiracy and have pleaded not guilty, The Wall Street Journal reports.

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