News Topic: WSJcomBankruptcyBeat

Getty Images Environmental Protection Agency Administrator Lisa Jackson As the money set aside to fix Jefferson County’s $3.2 billion sewer system comes under attack, the U ... Read full article

Packaged-ice maker Reddy Ice Holdings Inc. confirmed Thursday it plans to file for Chapter 11 bankruptcy protection and expects to commence the bankruptcy case “promptly,” The Wall Street Journal reports . ... Read full article

The battle over Jefferson County’s hospital for the poor has spilled over into its Chapter 9 bankruptcy case, illuminating another financial hardship facing Alabama’s biggest county. Against threats that the 319-bed facility may one day close, a patient ... Read full article

Samuel Zell, the real-estate mogul behind the disastrous leveraged buyout that plunged Tribune Co. into bankruptcy, came out the biggest loser in an inter-creditor fight over expected payouts from the Chapter 11 proceeding. Read the Daily Bankruptcy ... Read full article

Getty Images Bankruptcy judges’ workloads are heavier than ever, and they could become even more burdensome in the coming years. ... Read full article

Daytop Village, which filed for Chapter 11 bankruptcy with some 660 “hard-core” drug addicts living in its New York treatment facilities, is facing a fight with lenders over whether it deserves a shot at survival. Read the Daily Bankruptcy Review Small ... Read full article

Getty Images The Panthers’ Erik Gudbranson, #44, drops down to help goaltender Jose Theodore, #60, defend the net. Showing that they have some claws, too ... Read full article

Packaged-ice maker Reddy Ice Holdings Inc. is in the final stages of preparing to file for Chapter 11 bankruptcy protection with a plan to hand ownership to a hedge fund holding the company’s debt, The Wall Street Journal reports . ... Read full article

This week on The Broke and the Beautiful, Newt Gingrich’s think tank elects for bankruptcy protection, and the Dodgers and AFA Foods have a surprising connection. Also this week, Young Buck’s intellectual property is rapping its way toward the auction ... Read full article

The lights will go out on the Kodak name in New York’s Times Square if the imaging company wins bankruptcy-court approval to transfer the lease to its giant digital billboard there. Read the Daily Bankruptcy Review article via The Wall Street Journal . ... Read full article

Whether you’re a music industry insider or a fan, listen up: rapper Young Buck’s intellectual property, including song compositions and royalties, can be yours. ... Read full article

While not necessarily predicting a bust to Brazil’s boom, a budding group of turnaround professionals in the South American nation are getting ready for what they see as an inevitable shakeup. An abundant supply of credit over the past decade, a loss of ... Read full article

Associated Press Newt Gingrich A consulting group started by Newt Gingrich has found itself in more trouble than the former House Speaker’s presidential campaign, filing f ... Read full article

Creditors of Hostess Brands Inc. said in court papers the company may have “manipulated” its executives’ salaries higher in the months leading up to its Chapter 11 filing, in what the creditors called a possible effort by Hostess to “sidestep” Bankruptcy ... Read full article

Jefferson County, Ala., is worried that it could be exposed to another multimillion-dollar debt on a lawsuit with Wall Street bond insurers. Read the Daily Bankruptcy Review article via The Wall Street Journal . ... Read full article

Associated Press In this March 29 photo, Iowa Gov. Terry Branstad, left, and Nebraska Lt. Gov. Rick Sheehy hold a t-shirt supporting the so-called “pink slime” meat product. ... Read full article

Minnesota lawmakers have passed legislation to protect nonprofits and religious groups from the so-called clawback lawsuits that are a crucial tool for recovering funds stolen from Ponzi-scheme victims. That’s the idea behind the bill that now sits on the ... Read full article

Reddy Ice Holdings Inc. is considering seeking bankruptcy protection in a prearranged deal with lenders and other stakeholders as it continues to incur losses, the company said in a regulatory filing. Read the Daily Bankruptcy Review article here . ... Read full article