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Samuel Zell, the real-estate mogul behind the disastrous leveraged buyout that plunged Tribune Co. into bankruptcy, came out the biggest loser in an inter-creditor fight over expected payouts from the Chapter 11 proceeding. Read the Daily Bankruptcy Review story via The Wall Street Journal here.

Daytop Village, which filed for Chapter 11 bankruptcy with some 660 “hard-core” drug addicts living in its New York treatment facilities, is facing a fight with lenders over whether it deserves a shot at survival. Read the Daily Bankruptcy Review Small Cap story here.

Packaged-ice maker Reddy Ice Holdings Inc. is in the final stages of preparing to file for Chapter 11 bankruptcy protection with a plan to hand ownership to a hedge fund holding the company’s debt, The Wall Street Journal reports.

For more than two hours, three MF Global executives frustrated and stymied lawmakers in both parties who demanded answers about money transfers made in late October that left the securities firm’s customers with losses, The Wall Street Journal reports.

Jon S. Corzine gave “direct instructions” to move $200 million from an MF Global Holdings Ltd. account containing customer funds three days before the securities firm collapsed, according to an employee email reviewed by congressional investigators. Read The Wall Street Journal story here.