WSJcomBankruptcyBeat

The Bill & Melinda Gates Foundation has a simple question for education technology company ConnectEDU, which sought bankruptcy protection in April: Where’s our money?

In July 2013, the well-known foundation awarded a nearly $500,000 grant to ConnectEDU to develop an interactive program to help students master literacy under the Common Core standards that many states use to guide how public school students are caught.

Shipping company Eagle Bulk Shipping Inc. filed for Chapter 11 protection with a prepackaged plan in place, The Wall Street Journal reports.

A group of Caesars Entertainment Operating Co. bondholders sued the company Monday night, accusing Caesars of transferring money between entities to protect its “good” assets from creditors as the rest of the company’s financial condition deteriorated. The Wall Street Journal has the Daily Bankruptcy Review article here.

Lehman Brothers Holdings Inc. collapsed nearly six years ago, but the investment bank is still raking in the cash. The team unwinding Lehman now estimates it will bring in $88.8 billion. The Wall Street Journal has the Daily Bankruptcy Review article here.

Bankruptcy seemed to signal the end for trendy women’s clothing retailer Dots, which emptied its 359 stores with going-out-of-business sales this spring.

But a Florida firm in the retail industry bought the Dots brand and is slowly resurrecting it, saying it can avoid the problems that the juniors’ and plus-sized clothes retailer faced. The eighth Dots store opens Friday in South Philadelphia.