News Topic: WSJcomBankruptcyBeat

Eastman Kodak Co. is likely to officially leave bankruptcy Tuesday, USA Today reports . ... Read full article

This week on The Broke and the Beautiful, Detroit is getting some superheroes. Also, Girls Gone Wild founder Joe Francis earned some jail time, and well-wishers are putting together a legal defense fund for Teresa and Joe Giudice. ... Read full article

Detroit lawyer Corinne Ball said that city leaders are “working mightily” to secure a loan. Read the Daily Bankruptcy Review article here . ... Read full article

Dance New Amsterdam , a nonprofit New York dance education and performance center, said it will close its doors for good if it doesn’t raise $50,000 by Friday. ... Read full article

The city of San Bernardino, Calif., won approval to restructure in Chapter 9 bankruptcy protection, The Wall Street Journal reports . A bankruptcy judge Wednesday confirmed K-V Pharmaceutical Co.’s Chapter 11 restructuring plan, which is based on a $275 ... Read full article

Rebecca Cook/Reuters A group of AFSCME union city of Detroit worker retirees protest against any cuts in their pensions outside the city county building in downtown Detroit in ... Read full article

A federal judge dismissed Bank of America Corp.’s $1.7 billion lawsuit against the Federal Deposit Insurance Corp., a win for the regulator in the long-running battle over who is ultimately on the hook for losses tied to the multibillion-dollar fraud at ... Read full article

Associated Press This 1993 file photo originally provided by Columbia Pictures shows rap musician Tupac Shakur in a scene from, “Poetic Justice. The mother ... Read full article

Overseas Shipholding Group Inc. Monday said it may owe $460 million or more to the Internal Revenue Service, a finding that is likely to upset its Chapter 11 bankruptcy case. Read the Daily Bankruptcy Review article here . ... Read full article

A fundraiser for convicted Ponzi-scheme operator Tom Petters says his lack of knowledge of the multibillion-dollar fraud entitle him to a reduced prison sentence, as do his long history of charitable work, “fragile health” and cooperation with ... Read full article

Lehman Brothers Holdings Inc. is suing two entities controlled by German entrepreneur Klaus Tschira in a bid to recover 100 million euros Lehman says was transferred to one of his investment vehicles one business day before Lehman’s 2008 bankruptcy ... Read full article

This week on The Broke and the Beautiful, Patrick Dempsey sued his business partner, and Sinbad spoke out about his latest bankruptcy filing. Also, DMX got arrested. ... Read full article

National Envelope is seeking bankruptcy-court approval to sell its business to rival Cenveo Inc. for $25 million, while other buyers are stepping in to grab the envelope maker’s leftover assets. Read the Daily Bankruptcy Review article here . ... Read full article

Associated Press UMWA International President Cecil Roberts (left) holds had with supporters. ... Read full article

When a company in Chapter 11 sells its business, a lot of work remains: evaluating claims, filing lawsuits, getting rid of leftover assets and, most importantly, paying creditors. But what happens when, as in the case of Lowe’s Cos.’ $205 million ... Read full article

Jim Rydbom/Associated Press Kodak Colorado Division Building C-29 Eastman Kodak Co. was cleared Tuesday to emerge from bankruptcy court, putting a bookend on an American ric ... Read full article

EPA The  appointment of a fee examiner to monitor legal bills in ... Read full article

Furniture Brands International Inc., one of the nation’s largest home furniture makers, has tapped restructuring lawyers and advisers to deal with its debt load, people familiar with the matter said. Read the Daily Bankruptcy Review article via The Wall ... Read full article