Restructuring

Sorenson Communications Holdings Inc ., which provides videophones and video interpreting services to deaf and hard-of-hearing people, filed for bankruptcy protection Monday, with a prearranged Chapter 11 plan to address its debts. Read the story here in Daily Bankruptcy Report here.

Tuscany International Drilling Inc. on Monday will ask for several final approvals from Judge Kevin Gross of the U.S. Bankruptcy Court in Wilmington, Del.

On the agenda for the oil and gas drilling equipment rental company is final approval of $35 million in bankruptcy financing, approval of a restructuring support agreement with creditors, final approval to pay off debts to creditors in South America and permission to waive notification procedures for those creditors.

Bitcoin trader Mt. Gox filed for bankruptcy in Japan with $63.6 million in debt, The Wall Street Journal reports.

Women’s clothing retailer Dots is going out of business after reaching a deal with a well-known liquidation firm that promised to begin shutting down the chain’s 359 stores starting Friday, DBR reports via WSJ.

Lehman Brothers Holdings Inc. has reached a settlement with entities controlled by German entrepreneur Klaus Tschira, the last holdout to a multibillion-dollar settlement between Lehman and its former Swiss derivatives unit, which will free up some $1.8 billion for creditors with the potential of billions more in the future. Read the Daily Bankruptcy Review article via The Wall Street Journal.

While it’s still possible to buy new albums on vinyl, music is now usually downloaded. Despite a small subset of people who still watch VHS tapes, movies are watched on DVDs or increasingly are streamed online. But like many people and businesses dealing with the U.S.