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PowerWave Bankruptcy Further Delays D.C. Metro Wireless Expansion

02/22/13
European Pressphoto Agency

Top wireless companies have accused struggling PowerWave Technologies<

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The Broke and the Beautiful: ‘Seventh Son’ Edition

02/22/13

This week on The Broke and the Beautiful, Rhythm & Hues needs money to finish some studio work, and the “father of Botox” is in trouble. Also, Curt Schilling’s famed bloody sock is finally at auction.

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Daily Docket: Jon Corzine Could Face Lifetime Futures Industry Ban

02/21/13

A financial-industry regulator Thursday is expected to discuss the possibility of banning Jon S. Corzine for life from the futures industry, according to The Wall Street Journal.

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Restructuring Pros Hold Out Hope for 2013

02/20/13

The Academy Awards are this weekend, but restructuring professionals have already picked a winner: “Life of Pi.”

The pros chose a quote from the movie—“Above all, don’t lose hope”—as the top sentiment for their profession in 2013, according to Weil, Gotshal & Manges LLP’s annual restructuring survey.

The tale of a boy marooned at sea with a live tiger is up for Best Picture and other awards at this Sunday’s Oscars, as are several other movies that figured into Weil’s survey.

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The Daily Docket: Revel Hires Restructuring Pros

02/13/13

Revel, the struggling Atlantic City casino, has hired restructuring lawyers and bankers to mull options for reworking a heavy debt load, The Wall Street Journal reports.

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The Daily Docket: Nortel Creditors to Face Off Over $7.3 Billion

02/12/13

U.S. investors are pushing to go to trial by the fall over how to divide Nortel Networks Corp.’s $7.3 billion pile of money, but officials looking out for Canadian and European creditors say the international cash clash could take much longer to sort out. Read the Daily Bankruptcy Review story here.

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The Daily Docket: Arcapita Bank to Wind Down

02/11/13

Bahrain’s Arcapita Bank is proposing to wind down and sell all of its assets as the Bahrain-based investment firm tries to emerge from bankruptcy protection in the U.S. Read The Wall Street Journal reports.

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The Daily Docket: Bondholders Sue Jefferson County

02/08/13

Pressed by an impatient group of creditors, the bank in charge of distributing sewer revenue to Jefferson County, Ala., bondholders owed some $3.2 billion has turned to the county’s bankruptcy judge for help in determining whether it can accelerate some debt payments and make bond insurers pay for them. Read the Daily Bankruptcy Review story here.

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The Daily Docket: Fitch Warns of More Coal Bankruptcies

02/07/13

Financial hardship that has plagued U.S. coal producers in recent years could crest in 2013, leading some analysts to predict that more coal companies will turn to bankruptcy as they try to survive the downturn. Read the Daily Bankruptcy Review story here.

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The Daily Docket: ATP Oil Heads to Showdown With Creditors

02/06/13

A bankruptcy judge in Houston refused Tuesday to consider an emergency financing motion from ATP Oil & Gas Corp. that creditors called “shocking and offensive” and gave the company until Monday to get a better loan deal.  Read the story here in Daily Bankruptcy Review.

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