News Topic: WSJcomBankruptcyBeat

Getty Images In the event of a federal government shutdown, it may be the U.S. bankruptcy courts that keep the federal judiciary humming. ... Read full article

Associated Press Marc Dreier A bankruptcy trustee is suing an Anguillan developer to recover the approximately $1.5 million Marc Dreier spent on property on the Caribbean is ... Read full article

Bloomberg News Richard Fuld Shopping mall staple American Eagle Outfitters Inc. ... Read full article

Kids love to beg their parents for ice cream. But William A. McEnery, whose father owns a chain of gas stations and ice cream parlors, is taking that a step further. He’s offering to buy the ice cream parlors for nearly $3 million out of the bankruptcy of ... Read full article

Unsecured creditors have overwhelmingly voted to support the liquidation plan of General Motors’ bankruptcy estate, a proposal that will give those creditors an equity stake in the reorganized auto maker. Read the Daily Bankruptcy Review Story here . ... Read full article

A group of Innkeepers USA Trust creditors joined others in protesting Five Mile Capital Partners and Lehman Brothers Holdings Inc.’s $374.4 million bid to buy the hotel owner. Read the Daily Bankruptcy Review story here . ... Read full article

Associated Press Kenneth Starr You win some, you lose some, and, as Kenneth I. Starr found out yesterday, sometimes you end in a draw. ... Read full article

A bankruptcy judge approved a deal struck between a former law partner of Ponzi-scheme operator Scott Rothstein and the bankruptcy trustee suing that partner for several hundred thousand dollars. Judge Raymond B. Ray of the U.S. Bankruptcy Court in Fort ... Read full article

Unsecured creditors of Blockbuster Inc. are calling for the company’s bankruptcy case to be converted to a Chapter 7 liquidation from Chapter 11 unless significant changes are made to the movie-rental chain’s plans to sell itself to a group of senior ... Read full article

Summit Distribution, the distributor of the vampire films in "The Twilight Saga," said Blockbuster Inc. hasn’t been paying for its copies of the series' latest installment. ... Read full article

A bankruptcy judge ordered a trustee to take control of a stalled Las Vegas-area development, Denmark seized control of failing bank Amagerbanken A/S and Deal Journal looks at Dan Snyder's lawsuit against Washington City Paper. ... Read full article

Bettina Whyte, who recently joined turnaround firm Alvarez & Marsal as a managing director and senior adviser, built her reputation as a leader in the industry by facing off against oil barons and corporate executives in the wilds of “rough [and] ... Read full article

David Tepper's Appaloosa Management LP said suspicions it engaged in insider trading in Washington Mutual Inc.'s bankruptcy case are "demonstrably false and defamatory," Borders Group Inc. ... Read full article

A representative for Innkeepers USA Trust's mortgage lenders says a pair of disgruntled investors do not have standing to protest to the hotel owner's investment deal, Nortel Networks Corp. ... Read full article

Synergy Brands Inc., which counts former "Apprentice" star Bill Rancic as a member of its board of directors, sought Chapter 7 protection on Friday in a move authorized by the board. ... Read full article

Lehman Brothers Holdings Inc. has reached a $6.6 billion settlement with creditors for its second-largest foreign affiliate, talks broke down between Mets owner Fred Wilpon and the trustee who sued him in December to recover funds for Madoff victims and ... Read full article

Judge Robert Gerber late last week tossed out two lawsuits brought by South African groups who sought damages from General Motors’ bankruptcy estate in connection to what they said was the auto maker’s role in that country’s infamous system of apartheid. ... Read full article

Whatever you do, don’t call Tribune Co.’s Don Liebentritt "Sam’s guy." That’s apparently a touchy subject for Tribune co-president Liebentritt, according to the flurry of activity on the docket of the media giant’s bankruptcy case. ... Read full article