News Topic: WSJcomBankruptcyBeat

Poised to break pension promises to more than 23,500 retired city workers, cops and firefighters, Detroit’s bankruptcy attorneys said that those retirees deserve an official committee to speak for them as the 686,000-resident city struggles to unload ... Read full article

The controversial Women In Support of the Million Man March Inc. nonprofit in Newark, N.J., has filed for bankruptcy after federal authorities accused its leader of misspending a $345,325 federal grant. ... Read full article

This week on The Broke and the Beautiful, boy-band mogul Lou Pearlman’s investors will soon start voting on a repayment plan, and the Backstreet Boys are back in court to defend claims against Mr. Pearlman. Also, the former Versace mansion is headed for a ... Read full article

The city of Detroit filed for Chapter 9 protection in the biggest municipal bankruptcy case in U.S. history, The Wall Street Journal reports . Waste processor Synagro Technologies Inc. Thursday won court approval to poll creditors on its plan to bail out ... Read full article

Kathy Willens/Associated Press In this July 25, 2000, file photo, the members of ‘N Sync appear at a New York news conference. ... Read full article

A bankruptcy filing by the city of Detroit could come within days, The Wall Street Journal reports . The U.S. Environmental Protection Agency added its voice to the chorus of regulators worried battery maker Exide Technologies Inc.’s bankruptcy loan poses ... Read full article

Associated Press A bankruptcy judge Tuesday handed a win to disabled Nortel Networks Corp. ... Read full article

K-V Pharmaceutical Co. received approval Tuesday to send its bankruptcy-exit plan to creditors for a vote. Read the Daily Bankruptcy Review article here . ... Read full article

A U.S. appellate court on Monday upheld a lower court’s decision to dismiss a lawsuit by retirees of Lehman Brothers Holdings Inc. that sought to hold the company’s directors, including former Chief Executive Dick Fuld, accountable for squandering their ... Read full article

Pfizer Inc. is on track to shake billions of dollars’ worth of asbestos liabilities, as its long-defunct subsidiary Quigley Co. seeks federal court approval of a Chapter 11 plan already confirmed by a bankruptcy judge in New York. Read the Daily ... Read full article

Associated Press Gold bars and coins from the SS Central America, a mail steamship, sunk in a hurricane in 1857. The court-appointed receiver now in charge ... Read full article

Sam Houston State University officials are protesting to a bankruptcy judge that the $1 million donation belonging to its library in Hunstville, Texas, is long overdue. For months, college officials have pointed to the will of former biology professor ... Read full article

This week on The Broke and the Beautiful, the Nicole Farhi label is in bankruptcy, and so are the former Versace mansion and former Atomic Kitten singer Kerry Katona. ... Read full article

Spanish media company Promotora de Informaciones SA , also known as Prisa, is thinking about filing for Chapter 11 in the U.S., The Wall Street Journal reports . ... Read full article

Associated Press Tom Petters in January 2002 More than three years after receiving a 50-year sentence, convicted Ponzi scheme-operator Tom Petters is looki ... Read full article

Reader’s Digest Association Inc. unveiled a restructuring plan to focus on its North American print and digital business Wednesday, as it prepares to emerge from bankruptcy protection. Read the Daily Bankruptcy Review article here . ... Read full article

The Irish government’s “bad bank” says developer Sean Dunne lied about his finances and concealed assets in his U.S. bankruptcy filings and in a meeting last month with creditors. ... Read full article

Tribune Co. plans to split its publishing business and its broadcast arm, following in the footsteps of companies like News Corp ., The Wall Street Journal reports . ... Read full article