WSJcomBankruptcyBeat

Wolf Sanctuary in Colorado Files for Bankruptcy

10/15/14
Tundra, the wolf grabs a popsicle made of chicken broth at Oatland Island Wildlife Center in Savannah, Ga., on July 2, 2014.
Steve Bisson/Associated Press
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A Crowd at Crumbs’ Reopening, But Not Everyone Is a Customer

10/14/14
An employee assists customers ordering baked goods during the reopening of a Crumbs Bake Shop Inc.
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The Daily Docket: Energy Future Bid Rules Draw Criticism

10/14/14

Energy Future Holdings Corp. creditors have taken issue with the company’s proposal to auction its stake in Oncor, with some demanding greater access to the process and others questioning whether the sale is necessary at all. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Endeavor International Enters Bankruptcy

10/13/14

Endeavour International Corp., a Houston-based oil and gas company, filed for bankruptcy protection late Friday night as part of a debt-for-equity swap with bondholders that will slash about $568 million in debt off the company’s books, Daily Bankruptcy Review reports in The Wall Street Journal.

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Fed’s Lacker: Living Wills Will Reduce Risk of Failing Financial Firms

10/10/14

Federal Reserve Bank of Richmond President Jeffrey Lacker said Friday financial firms’ so-called “living wills” should do a lot to strengthen the financial system, if banks and regulators respect these plans.

The living wills in question are plans by financial companies detailing how they expect to be wound down in the event of running into trouble. Mr. Lacker, speaking in Chicago, said these plans are vital to ending the perception that many firms are considered to be too-big-to-fail and will be bailed out by the government in the event of trouble.

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Forward Motions: Energy Future Seeks to Pay Bankruptcy Bonuses

10/10/14

Energy Future Holdings Corp. will continue making its case next Wednesday in Wilmington, Del., to pay as much as $18 million in bonuses to upper management. A hearing on the matter began on Oct. 8 and spilled into Oct. 9, as the company faces a fight from U.S. Trustee Roberta A. DeAngelis.

Among Ms. DeAngelis’s problems with the package is a pre-existing bonus arrangement that could nearly double the amount Energy Future is seeking.

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The Daily Docket: Apple Supplier GT Advanced Plans to Wind Down Sapphire Business

10/10/14

Apple Inc . supplier GT Advanced Technologies Inc. plans to exit the business of manufacturing sapphire after a failed effort to produce material for Apple’s smartphone screens. Read the Daily Bankruptcy Review story in the Wall Street Journal.

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Great Northern Paper Bankruptcy an Issue in Maine’s Race for Governor

10/09/14
The paper mill in Millinocket, Maine, which closed in 2008.
Associated Press

The closure of Great Northern Paper Co.’s paper mill in Maine and subsequent b

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The Examiners: Prepa Restructuring Depends on Energy Alternatives

10/09/14

Puerto Rico’s Prepa utility has until mid-December to come up with a new business plan and early March to propose a debt-restructuring plan.

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