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Patriot Coal Judge Urges Union, Buyer to Continue Talks

09/02/15

A judge “strongly” recommended that Patriot Coal Corp.’s buyer and its miners’ union keep engaging in bargaining talks, Daily Bankruptcy Review reports via The Wall Street Journal.

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RadioShack’s Junior Creditor File Suit Against Standard General

09/01/15
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Junior creditors of the former RadioShack are suing hedge fund Standard General LP to try to get repaid, Daily Bankruptcy Review

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Junk Bond Market Says This Correction Is Different from 2008

08/25/15
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On Monday, bond investors may have said we-told-you-so, but they also tacitly gave investors

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Bill Gates’s Optim Energy Settles With Blackstone

08/14/15

Optim Energy LLC will pay Blackstone Group LP $5 million to settle their fight in the Texas power-plant operator’s bankruptcy case in exchange for Blackstone dropping its appeal of Optim’s court-approved plan to exit bankruptcy. Read the Daily Bankruptcy Report story in The Wall Street Journal.

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Columbia House Ovner Enters Bankruptcy

08/11/15

The owner of former mail-order music giant Columbia House filed for bankruptcy to sell off the remains of its business. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Puerto Rico Misses $58 Million Bond Payment

08/04/15

Puerto Rico missed most of a $58 million bond payment Monday, marking the first default by the U.S. commonwealth and escalating its attempt to restructure about $72 billion in debt, The Wall Street Journal reported. The payment to bondholders is the first skipped since Gov. Alejandro García Padilla in June said the island’s debts were unsustainable and urged negotiations with creditors, which range from individuals to hedge funds.

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50 Cent Bankruptcy: By The Numbers

08/04/15
Rapper 50 Cent (R), whose real name is Curtis James Jackson III, exited a New York couurthouse last month after testifying in a sex tape lawsuit.
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Coal Miner Alpha Natural Resources Files For Bankruptcy

08/03/15

Alpha Natural Resources Inc., one of the largest U.S. coal producers, filed for chapter 11 bankruptcy protection on Monday to cut its more than $3 billion debt load, The Wall Street Journal reported. The Bristol, Va., company will likely sell some of its best mines or turn them over to creditors.

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Colt Pulls the Trigger on Bankruptcy Filing

06/15/15

Colt Defense LLC filed for chapter 11 bankruptcy protection Sunday night, warning its business is in a fragile state and it needs a quick sale to survive, The Wall Street Journal reports.

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