WSJcomBankruptcyBeat

Settlement talks may be in the works as the long-running trial over Nortel Networks Corp.'s billions winds to a close. The Wall Street Journal has the Daily Bankruptcy Review article here.

The week in bankruptcy kicks off Monday in Wilmington, Del., when Brookstone Holdings Corp. will go before a judge to seek approval of its bankruptcy-exit plan.

The centerpiece of the retailer’s plan is a $174 million bid to buy the company from Sailing Innovation US Inc.–a collaboration between Chinese investment firm Sailing Capital Overseas Investment Fund LP and Chinese conglomerate Sanpower Group, with a financing commitment from GE Capital.

Bankruptcy officials for Canada’s Nortel Networks Corp. say a fast answer on the question of how much interest bondholders should collect may aid settlement talks that could end a bigger battle: the long-running fight over the defunct company’s billions.

The planned demolition of a chemical-storage facility at the site of a January spill that tainted West Virginia’s water supply recently faced an unexpected setback—heavy

Investors who bought several Washington, D.C., restaurants that are now in bankruptcy want to hire a law firm that specializes in criminal fraud to look for any potential claims against the former owners.

In court papers, lawyers for restaurant owner Barrack’s Row Ent Group LLC said they want to hire the Biran Kelly law firm to investigate D.C restaurateur Xavier Cervera and two other people who sold the restaurants in late 2012.