WSJcomBankruptcyBeat

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Justine J. Block has joined law firm Hahn & Hessen as special counsel. Ms. Block has experience in buying and selling distressed assets, and she represents commercial banks, investment banks and hedge funds. She has worked on bankruptcy cases including GT Advanced Technologies and Lehman Brothers.  Most recently, Ms.

Next week in bankruptcy, Sports Authority Inc. will ask a bankruptcy judge for final approval of $595 million in bankruptcy financing.

On Tuesday, the big-box athletic retailer will request permission on the loan, which has raised “numerous red flags” with unsecured creditors. The creditors requested more information about the loan last week and formally objected Thursday. Judge Mary Walrath of the U.S. Bankruptcy Court in Wilmington, Del., delayed the hearing to Tuesday to give unsecured creditors more time to sort through the documents.

Chaparral Energy Inc. said it may have to file for chapter 11 bankruptcy as commodity prices for the oil and gas producer keep falling.