Restructuring

Dish Network Corp.’s  proposed deal to buy LightSquared’s wireless spectrum assets is on the verge of falling apart, a lawyer for LightSquared’s lenders said in bankruptcy court Tuesday. Read the Daily Bankruptcy Review via The Wall Street Journal.

Months after its spinoff from Hertz Global Holdings Inc., Advantage Rent a Car is asking federal regulators to approve its sale to a new owner.

Sixt Rent-a-Car LLC is appealing Advantage Rent a Car’s sale to Catalyst Capital Group Inc. after arguing that it should have won the bidding at last month’s auction. Read the Daily Bankruptcy Review article here.

It’s nearly impossible to cancel your student loan debt in bankruptcy.

Fewer than 1,000 people try each year. Those who do are required to file a lawsuit against their lenders and then convince a bankruptcy judge that they’re so poor there’s no hope of ever repaying the loans.

Phil Falcone and LightSquared urged a bankruptcy judge to reject a plan to sell the company’s wireless spectrum assets to Charlie Ergen’s Dish Network Corp., a deal they say is inferior to LightSquared’s proposal to reorganize on its own. Read the Daily Bankruptcy Review article via The Wall Street Journal.