WSJcomBankruptcyBeat

The owner of a handful of popular Washington D.C. bars and restaurants—including legendary Capitol Hill watering hole Hawk ‘n’ Dove—filed for bankruptcy protection Friday.

Baltimore-based Barrack’s Row Entertainment filed for Chapter 11 protection in U.S. Bankruptcy Court in Washington D.C., putting eating spots like Hawk ‘n’ Dove, Senart’s Oyster House and The Chesapeake Room into protection with it.

The last day of LightSquared’s two-week confirmation hearing is Monday, and hedge fund manager Philip Falcone of Harbinger Capital Partners, which owns 85% equity in the company, is slated to testify.

In liquidation, Lehman Brothers Holdings Inc. is overdelivering, The Wall Street Journal reports.

Patricia Moran will join investment bank Aurora Foods Inc. and Radnor Holdings Corp. She also has experience with mergers and acquisitions, equity financings and divestitures. She has advised clients in the U.S. as well as in Australia, Canada, Europe and Japan.

Interest rates that remain near zero and debt maturities that have been pushed out to 2017 and 2018 have helped drive Chapter 11 filings to historic lows. Has this difficult environment put corporate restructuring on life support?