WSJcomBankruptcyBeat

Next Week in Bankruptcy

03/11/16

Investors are working up their appetites for some hearty bankruptcy auctions in the upcoming week.

An auction is slated be held next Friday for the remainder of the Haggen Holdings LLC grocery chain. One interested bidder may be Ceberus Capital Management, which leads the group of investors that backs the Albertsons grocery chain. Cerberus received antitrust clearance to bid on the Haggen stores, according to documents filed March 4 with the Federal Trade Commission.

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Albertsons Owner Cleared to Bid on Haggen Chain After Antitrust Review

03/11/16

Cerberus Capital Management , which leads a group of investors that own the West Coast’s Albertsons grocery chain, has received antitrust clearance to bid on the profitable core of the Haggen grocery chain, which is going on the bankruptcy auction block next week, The Wall Street Journal reports via The Daily Bankruptcy Review.

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After Bankruptcy Hearing, 50 Cent Flashes More ‘Cash’

03/10/16
Curtis “50 Cent” Jackson arrives at bankruptcy in Hartford, Conn., March 9, to discuss social media posts and whether he may be hiding assets.
Jessica Hill/Associated Press
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Relativity Pushes Back Key Hearing

03/10/16

Film studio Relativity Media LLC pushed back a key hearing that was scheduled for Wednesday that would allow remaining objections to its bankruptcy plan to be heard. The Wall Street Journal has the Daily Bankruptcy Review article here.

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50 Cent to Judge: That Cash Was Fake

03/09/16

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50 Cent admitted to his bankruptcy judge that the cash he posed with on social media pictures is fake.

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Judge Says Sabine Can Reject Pipeline Contracts

03/09/16
Reuters

Sabine Oil & Gas Corp. won approval to reject pipeline cont

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Rick Ross Defends His ‘In Da Club’ Remix

03/08/16
Rick Ross speaks during a press conference on Feb.
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Aman Resorts Faces Involuntary Bankruptcy

03/08/16
The boat carrying George Clooney and his wife Amal Alamuddin, is surrounded by media and security boats as they cruise the Grand Canal after leaving the Aman luxury Hotel in Venice in 2014.
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Coming and Going Concerns

03/07/16

Steven Agran has been promoted to principal and shareholder at turnaround firm MorrisAnderson, and Mark Briden has been promoted to director. Mr. Agran, who is based in New York City, was previously managing director.

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Pacific Sunwear Hires Financial Advisers

03/07/16

Teen clothing company Pacific Sunwear of California Inc. hired financial advisers as it struggles with a maturing debt load. The Wall Street Journal has the Daily Bankruptcy Review article here.

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