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Voya Sues Over Millennium Loan

12/11/15

Voya Management Investment Co. filed a racketeering lawsuit over a $1.8 billion loan to Millennium Heath LLC.Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Diocese of Duluth Seeks Bankruptcy Protection

12/08/15

The Roman Catholic Diocese of Duluth, Minn., filed for bankruptcy Monday after being hit with an $8.4 million verdict in a clergy sex abuse case, Read the Daily Bankruptcy Review story via The Wall Street Journal.  Last month, a jury awarded $8.4 million to a man who says he was sexually abused in the late 1970s by a priest serving in the Diocese of Duluth, which spans 10 counties in northeastern Minnesota.

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Children’s Tablet-Maker Fuhu Files for Chapter 11 Bankruptcy

12/07/15

Children’s tablet-maker Fuhu Inc. filed for chapter 11 bankruptcy protection Monday with a tentative deal to be acquired by Mattel Inc. for $9.5 million. Read the Daily Bankruptcy Review story via The Wall Street Journal.

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Shoe Queen Tamara Mellon Puts Luxury Line in Bankruptcy

12/03/15
Tamara Mellon attends the Fashion Group International’s Night of Stars in New York (Credit Image: Robin Platzer/Twin Images/UPPA via ZUMA Press)
Robin Platzer/Twin Images
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Rig Operator Vantage Drilling Files for Bankruptcy

12/03/15

Houston-based contract rig operator Vantage Drilling Co. filed for bankruptcy protection late Wednesday night after reaching a deal on a debt-for-equity swap with its lenders and bondholders, The Wall Street Journal reported. Like others in the oil-and-gas industry, Vantage has been hamstrung by stubbornly low oil prices.

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Best Buy Fights to Save Airport and Mall Vending Machines

12/02/15
Customers stand in line as they wait for the doors to open at Best Buy in McAllen, Texas.
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Pacer Outages Reported Amid Bankruptcy Paperwork Changes – Update

12/01/15

Several court websites that are portals to bankruptcy court filings were down on Tuesday morning—the first day that bankruptcy lawyers are supposed to file documents using newer forms.

Many court websites were offline for several hours starting on Monday night to upload and test the software with the new bankruptcy forms.

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Struggling Concert Promoter SFX Looks to Restructure Debt

12/01/15
The Chemical Brothers perform on day 1 of the Electric Zoo EDM festival at Randall
Robert Altman/Invision/Associated Press

Concert promoter SFX Enterta

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