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The Texas-based operator of the Furr’s Fresh Buffet restaurant chain filed for Chapter 11 bankruptcy on Tuesday, citing a surprising culprit for the move—the brutal winter weather.

Detroit leaders are suing to invalidate several Wall Street deals that allowed the city to borrow more than $1.4 billion in 2005 for its underfunded pension plans, arguing that the agreements were illegal and shouldn’t be repaid. Read the Daily Bankruptcy Review story in The Wall Street Journal.

W.R. Grace emerged from Chapter 11 Monday after more than 12 years in bankruptcy.

In Mark Manski’s mind, his job as a restructuring adviser is not unlike being an NFL quarterback.

“I’m Tom Brady,” said Mr. Manski, who last month joined the New York office of management consulting and financial advisory firm Development Specialists Inc.

Cengage Learning Inc. said Monday that it has reached a settlement with its creditors that paves the way for the textbook publisher to exit Chapter 11 bankruptcy next month. Read the Daily Bankruptcy Review story here.