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Quantason LLC, which is developing an advanced ultrasound to screen for breast cancer, filed for Chapter 11 protection Wednesday with the hopes of finding a buyer.

People who are suing General Motors Co. over an ignition-switch defect want a bankruptcy judge to declare that the auto maker’s government-orchestrated sale in 2009 doesn’t shield it from liability for

New York shipping tycoon Peter Georgiopoulos’s Genco Shipping & Trading filed for Chapter 11 bankruptcy protection Monday, with a prepackaged restructuring plan that was hammered out with creditors and unveiled earlier this month. Read the Daily Bankruptcy Review article via The Wall Street Journal.

Nortel Networks is preparing to spend more than $1 million on technology for an upcoming court fight over $7.3 billion raised in its global liquidation, a trial that will be broadcast live—but not to the public.

Only “authorized users” will be able to view the Webcast of the fight for the failed telecommunication company’s billions, according to an outline of the trial technology plan filed with the courts overseeing Nortel’s dissolution.

A bankruptcy judge ruled Thursday that former American Airlines parent AMR Corp. doesn’t have the unilateral right to terminate health and welfare benefits for nearly 47,000 union and nonunion retirees. Read the Daily Bankruptcy Review article via The Wall Street Journal.