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A government bankruptcy watchdog wants to ensure the claims trading industry doesn’t profit from the confusion of hundreds of people who have already lost money with New Life International, a Tennessee nonprofit that collapsed last year after investing money from charitable gift annuities.

Monday, the historic Nortel Networks Corp. cross-border bankruptcy trial will begin in Wilmington, Del., and Toronto. Judges will decide how to divvy up $7.3 billion from the sale of patents and other assets between Nortel divisions in Canada, the United States and Europe.

Energy Future Holdings’ bid to restructure some $42 billion in debt under bankruptcy protection isn’t just the biggest busted LBO in history.

It’s also something of a full employment act for bankruptcy lawyers, especially now that cracks are showing in what the Texas energy company calls a “prearranged” restructuring.

Energy Future Holdings Corp. weathered its debut bankruptcy-court hearing on Thursday, clearing a few essential early motions at a session that made it apparent the energy company faces opposition to its restructuring strategy. Read Peg Brickley’s story in the Daily Bankruptcy Review.

Energy Future Holdings Corp. filed for Chapter 11 bankruptcy Tuesday, after reaching a deal with creditors on the terms of a debt-for-equity swap to restructure the private-equity backed utility’s debt load of more than $49 billion.

With $36.45 billion in assets and $49.7 billion in debt, Energy Future’s bankruptcy ranks as the 10th biggest in U.S. history. Read Energy Future’s bankruptcy petition and the list of its 50 largest unsecured creditors here.