WSJcomBankruptcyBeat

Energy Future Holdings Corp. filed for Chapter 11 bankruptcy Tuesday, after reaching a deal with creditors on the terms of a debt-for-equity swap to restructure the private-equity backed utility’s debt load of more than $49 billion.

With $36.45 billion in assets and $49.7 billion in debt, Energy Future’s bankruptcy ranks as the 10th biggest in U.S. history. Read Energy Future’s bankruptcy petition and the list of its 50 largest unsecured creditors here.

Energy Future Holdings Corp. filed for Chapter 11 bankruptcy Tuesday, after reaching a deal with creditors on the terms of a debt-for-equity swap to restructure the private-equity backed utility’s debt load of more than $49 billion.

With $36.45 billion in assets and $49.7 billion in debt, Energy Future’s bankruptcy ranks as the 10th biggest in U.S. history. Read Energy Future’s bankruptcy petition and the list of its 50 largest unsecured creditors here.

In the latest installment of The Examiners, our panel of restructuring experts will take on the Delaware Chancery Court’s Rural/Metro ruling.

Former DBSI Inc. President Douglas L. Swenson, convicted of multiple fraud charges for misleading investors, is seeking to be acquitted of the charges or, at the very least, a new trial.

Attorneys for Mr. Swenson and three other former officials say that acquittal or a new trial is warranted in light of such questions as “whether there was sufficient evidence produced at trial to support the crimes for which defendants were convicted,” court papers show.