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The Daily Docket: Detroit Pension Holders Approve Debt-Cutting Plan

07/22/14

Detroit pension holders approved the bankrupt city’s debt-cutting plan, which will dent their future benefits, The Wall Street Journal reports.

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Bryman College Operator Files for Chapter 11

07/21/14

For-profit school company BioHealth College Inc., which operates four Bryman College campuses in California, has filed for Chapter 11 bankruptcy protection.

It wasn’t immediately clear Monday what would happen as a result of the Chapter 11 filing. However, a bankruptcy filing would usually result in the U.S. Department of Education revoking the schools’ status as an institution that can accept federal student financial aid dollars. Most colleges can’t survive without that funding.

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The Daily Docket: Mistrial Declared in Trinity Whistleblower Suit

07/21/14

A federal judge Friday declared a mistrial in a whistleblower lawsuit that questions the safety of thousands of highway guardrail end caps on the nation’s roads. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Detroit Bankruptcy Judge Set to Rock ABI Conference

07/18/14
The Indubitable Equivalents play at the House of Blues in Cleveland
Indubitable Euqivalents archives

For a few hours on Saturday night, Judge Steven Rhod

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Forward Motions: James River Set to Auction Its Assets

07/18/14

On Tuesday in Manhattan, James River Coal Co., is scheduled to auction itself off at the offices of its bankruptcy counsel, Davis Polk & Wardwell LLP.

Originally scheduled to hold the auction on July 8, James River has been wavering among reorganizing, selling its assets or liquidating.

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The Daily Docket: NextEra Pitches Bankruptcy Merger for Energy Future’s Oncor Division

07/18/14

NextEra Energy Inc. is pitching the board of an Energy Future Holdings Corp. division on a takeover plan that it claims would mean higher recoveries for creditors of the Dallas power company, which is tackling some $42 billion in debt in Chapter 11 bankruptcy. Read the Daily Bankruptcy Review article here.

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Coming and Going Concerns

07/17/14

Thomas Duignan and Jeffrey Rosenthal have joined the Otterbourg law firm as members of the banking and finance group. The two will coordinate with the workout, distressed debt and insolvency group. Mr. Rosenthal focuses on advising clients on workouts of existing loans and debtor-in-possession, or DIP, financing. Mr. Duignan focuses on asset-based lending, commercial lending and on representing people buying or selling financial assets.

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Creditors’ Lawyers Press Archdiocese of Milwaukee to Pay Up

07/17/14

The Archdiocese of Milwaukee has been running a tab when it comes to professionals working on its Chapter 11 bankruptcy case, and lawyers for unsecured creditors—chiefly survivors of sexual abuse—say it’s time to pay the bills.

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The Daily Docket: Love Culture Enters Bankruptcy

07/17/14

Teen-focused clothing retailer Love Culture Inc. sought Chapter 11 protection Wednesday, citing an overexpansion that left the chain with weakened finances. Read the Daily Bankruptcy Review article here.

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Which Crumbs Locations Could Reopen?

07/16/14
Melanie Cohen

Since emerging last week as Crumbs Bake Shop

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