WSJcomBankruptcyBeat

The Examiners: Richard Chesley on the Restructuring Gender Gap

09/03/14

What factors can make restructuring a difficult field in which to balance work and family obligations, and what should professional firms be doing to help empl

[more]

The Daily Docket: Detroit Makes Its Case

09/03/14

After more than a year in bankruptcy court, the city asked a federal judge Tuesday for the final blessing of its plan to slash $7 billion in debt and get on the road to solvency, The Wall Street Journal reports.

[more]

Syracuse Rug Seller to Shut Down—For Real This Time

09/02/14

Jacobsen Rugs in downtown Syracuse, N.Y., which has been selling oriental rugs since before the Depression, filed for bankruptcy and plans sell off the more than 2,000 rugs it has left before shutting down for good.

And this time, they mean it.

In 2011, the store got a wrist-slap from then-Attorney General Eric Schneiderman for holding a going-out-of-business sale that lasted too long.

[more]

The Examiners on Work-Life Balance in Restructuring

09/02/14

As summer comes to a close and kids head back to school, we thought we’d ask our Examiners to look at an issue close to home: the challenge of juggling family and career.

[more]

The Daily Docket: Detroit’s Bankruptcy-Exit Hearing Gets Underway

09/02/14

The nation’s largest municipal-bankruptcy case is set for a showdown trial starting Tuesday, pitting the city’s emergency manager against holdout creditors seeking billions in payouts, The Wall Street Journal reports.

[more]

Forgotten Kentucky Mine Throws Off Struggling Coal Mining Company

08/29/14
Patrick Semansky/Associated Press

Kentucky miners who were digging for coal late last year hit an unwelcome surprise: Someone else beat them to it.

[more]

The Daily Docket: Lehman Eyes Sale of Unsecured Claim

08/29/14

Lehman Brothers Holdings Inc. said Thursday that it may seek to sell off some of a multibillion-dollar bankruptcy claim that the failed investment bank holds against its U.S. brokerage arm. The Wall Street Journal has the Daily Bankruptcy Review article here.

[more]

Coming and Going Concerns

08/28/14

Patricia Hennelly and Wayne Walker have joined advisory firm CohnReznick, which bought an ownership interest in Mr. Walker’s Philadelphia-based consulting firm, Walker Nell Partners. Mr. Walker, appointed as principal, has experience in turnaround management, corporate restructuring and bankruptcy matters.

[more]