News Topic: WSJcomBankruptcyBeat

Hostess Brands Inc. is seeking court permission for a new employment deal that would hand millions of dollars to Chief Executive Brian J. Driscoll, “architect” of the company’s plan to cut costs and jettison its pension plans. Read the Daily Bankruptcy ... Read full article

Bloomberg News Three inmates share a cell designed for one person at the Jefferson County Jail in Birmingham on Oct. ... Read full article

The question of who owns “Whoomp! (There It Is),” a song that anyone who attended a sporting event in the ’90s is all too familiar with, will go to trial this August after a decade of litigation and a related bankruptcy. ... Read full article

Saab Cars North America said it will file for Chapter 11 protection in Michigan, a move that comes a little more than a week after some of its dealerships sought to push the Swedish auto maker’s U.S. unit into bankruptcy proceedings in Delaware. Read the ... Read full article

Great Atlantic & Pacific Tea Co. on Monday laboriously moved closer to final approval of its plan to exit what has been an equally laborious bankruptcy, with the company continuing to satisfy objections and a judge beginning to overrule others. Read ... Read full article

Spanish Peaks’ ongoing bankruptcy isn’t stopping the sale of luxury homes at the exclusive ski-and-golf community nestled among Montana’s mountains and bordering Yellowstone National Park. Three homes in the Big Sky, Mont., community will go up for ... Read full article

Associated Press The Harrisburg, Pa., incinerator Harrisburg’s chances to sort out its debt in bankruptcy court seemed to have finally run out last week w ... Read full article

Associated Press American Airlines parent AMR Corp. ... Read full article

Bloomberg News Solyndra LLC’s former workers are mad as you-know-what and say they’re not going to take it anymore. ... Read full article

Associated Press Llamas from Ryan Patrick Scott’s failed business venture are seen in Independence, Iowa. Household pets who belong to financially struggling owners co ... Read full article

American Airlines parent AMR Corp. Wednesday said it will seek to cut 13,000 jobs and terminate pensions in pursuit of $2 billion in annual costs savings, tipping its hand for the first time in what could be a long and painful bankruptcy proceeding. Read ... Read full article

Global Aviation Holdings Inc., which says it is the largest commercial provider of airlift transport services for the U.S. military, filed for Chapter 11 bankruptcy protection Sunday. Read the Daily Bankruptcy Review article here . ... Read full article

A judge Thursday cleared Hostess Brands Inc. to borrow the entirety of its $75 million bankruptcy loan, siding with the maker of Twinkies and Wonder Bread over protests from unsecured creditors who warned the financing deal would drive the company toward ... Read full article

Associated Press A federal judge in Los Angeles doesn’t think much of the literary abilities of a defense lawyer for two former IndyMac officials being sued by the Federal Deposit Insurance Corp. ... Read full article

NewPage Corp. says its executives are in danger of being treated like pawns as second-lien investors seek to probe the company’s plans for bonuses. A bankruptcy judge has scheduled an emergency hearing Wednesday on the company’s bid to protect executives ... Read full article

Executives at plus-sized retailer Avenue rushed to the courtroom Thursday to make sure that ladies who purchase their unmentionables from the chain remain, ahem, well-supported throughout the case. In an 89-page summary of its immediate operational needs, ... Read full article

This week on The Broke and the Beautiful, Kodak wants to pull its name from Hollywood’s Kodak Theatre, and actress Debbie Reynolds is writing a new memoir. Also, “30 Rock” star Tracy Morgan’s mom is facing foreclosure. ... Read full article

Bloomberg News A Republican member of Congress declared it an “outrage.” Fox News ... Read full article