News Topic: WSJcomBankruptcyBeat

Overall, does claims trading help or hinder the chapter 11 process? Should additional disclosures be required?   ... Read full article

Overall, does claims trading help or hinder the chapter 11 process? Should additional disclosures be required?   ... Read full article

Overall, does claims trading help or hinder the chapter 11 process? Should additional disclosures be required?  ... Read full article

Germany-based Maple Bank’s insolvency administrator sought chapter 15 bankruptcy protection in New York Monday to shield the bank’s U.S. assets. The Wall Street Journal has the Daily Bankruptcy Review article here . ... Read full article

In this July 20, 2015, file photo, actor/rap mogul Curtis “50 Cent” Jackson attends the premiere of “Southpaw” in New York. Evan Agostini/Invision/Associated Press ... Read full article

Jared R. Clark  has joined law firm law firm  Phillips Nizer  as a partner in the New York office. Mr. Clark worked on well-known bankruptcy cases including the city of Detroit, Lehman Brothers, General Motors and Enron. He has worked on insolvency ... Read full article

For years, creditors unwilling to take the time (or risk) to wait for payments from a bankrupt company have been able to sell their claims to distressed investors. But as the secondary market has grown, so have questions about the practice. Distressed ... Read full article

For every $1,000 increase in the lottery prize in a Canadian province, there was a 2.4% increase in bankruptcy filings by the winner’s neighbors over the next few years, a new working paper shows. ... Read full article

Drilling rig operator Paragon Offshore PLC filed for bankruptcy protection Sunday with a turnaround plan in hand. The Wall Street Journal has the Daily Bankruptcy Review article here . The company, under stress from low oil prices, is looking to reduce ... Read full article

Zloop Inc., a North Carolina recycler, was having a rough 2014. It needed cash, and an investor was suing the company and Chief Executive Robert Boston for overpromising on revenue expectations. So maybe the company shouldn’t have spent heavily on the ... Read full article

Following the Presidents Day holiday weekend, Caesars Entertainment Operating Co. will hope to be one step closer to a restructuring deal. ... Read full article

Arizona power-plant operator Sundevil Holdings Inc. filed for chapter 11 Tuesday after defaulting on more than $237 million in debt. Read the Daily Bankruptcy Review article here . ... Read full article

Chris Ware/Bloomberg News Hundreds of dollars in car-service charges, meals costing $50 a head and overly expensive copying charges are among the expenses that a government watchdog is targeting in supermarket ... Read full article

This March 28, 2012, photo shows gambling chips on a card table at the former Revel casino in Atlantic City, N.J. Associated Press Glenn Straub is “at it ... Read full article

The shell of mobile accessory maker Targus has filed for chapter 11 protection to help settle its final affairs. The Wall Street Journal has the Daily Bankruptcy Review article here . ... Read full article

Alpha Natural Resources Inc. lenders have offered a $500 credit bid, or the exchanging of debt for assets in the company, to help get it out of bankruptcy. The Wall Street Journal has the Daily Bankruptcy Review article here . ... Read full article

Billing rates at big corporate law firms have reached a new mark: $1,500 per hour, despite low inflation and weak demand. The Wall Street Journal has the Daily Bankruptcy Review article here , but don’t forget to check out a supplementary piece on ... Read full article

Zuma Press Companies seeking the fresh start of bankruptcy aren’t the only ones that have to contend with the transparency that is at the heart of chapter 11. ... Read full article