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The Daily Docket: Saab Story

12/19/11

Cash-strapped Swedish car maker Saab Automobile declared itself bankrupt Monday, nine months after halting production due to a lack of funds. Read The Wall Street Journal story here.

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Zoo: Jungle Bells is Here

12/17/11

The Jungle Bells sign beckons onlookers to enter.

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The Daily Docket: Delta Petroleum Files for Bankruptcy

12/16/11

Oil-and-gas company Delta Petroleum Corp. filed for Chapter 11 protection with $57.5 million in bankruptcy financing lined up to fund its continued operations. Read the Daily Bankruptcy Review story here.

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The Daily Docket: Thornburg Trustee Renews $1.9 Billion Attack on Banks

12/15/11

The trustee of defunct mortgage lender Thornburg Mortgage Inc.is renewing his attack against some of the biggest players on Wall Street’s mortgage-finance assembly line—including affiliates of J.P. Morgan Chase & Co., Citigroup Inc. and Credit Suisse Group AG—accusing them of scheming to strip Thornburg’s assets until it collapsed into bankruptcy. Read the Daily Bankruptcy Review story here.

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The Daily Docket: WaMu Unveils Deal With Shareholders

12/14/11

Washington Mutual Inc. unveiled a new proposed settlement with shareholders who have held up confirmation of its Chapter 11 plan and a $7 billion payday for creditors. Read the Daily Bankruptcy Review story here.

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RoomStore Chapter 11 Not Its First Brush With Bankruptcy

12/13/11

RoomStore Inc. filed for Chapter 11 protection Monday with plans to get leaner, but it’s not the furniture and bedding retailer’s first brush with bankruptcy.

RoomStore, whose slogan is “We Don’t Cut Corners. We Cut Prices,” went into Chapter 11 along with its former parent more than a decade ago. It’s since used bankruptcy to snatch up stores from its competitors.

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The Daily Docket: Dodgers Can Market Broadcast Rights From 2014

12/09/11

A bankruptcy judge Thursday said he would allow the Los Angeles Dodgers to market rights to broadcast their games from 2014 on, over the protest of Fox Sports, the current broadcaster, which said the sale plan threatens to damage its business. Read the Daily Bankruptcy Review article here.

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Bill’s Gay Nineties Saddened By Bankruptcy

12/06/11

For Bill’s Gay Nineties in midtown Manhattan, the taps may finally have run dry.

“The original New York speakeasy” boasts four generations of customers who’ve enjoyed its hooch, even when the stuff was illegal. It claimed to be “unchanged and unspoiled” for 80 years since the first owner “boarded up the windows and opened the doors” of 57 East 54th St. to entertain and serve alcohol during Prohibition.

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Lehman Seeks Holiest (Bankruptcy) Sacrament: Confirmation

12/06/11
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Lehman Brothers Holdings Inc.

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The Daily Docket: Lehman Bankruptcy Plan Garners Overwhelming Support

11/30/11

Some 95% of creditors of Lehman Brothers Holdings Inc. and its affiliates overwhelmingly approved its latest reorganization proposal, bringing the failed investment bank a step closer to paying back some of what it owes. Read the story here in the Daily Bankruptcy Review.

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