News Topic: WSJcomBankruptcyBeat

A group of Meruelo Maddux stockholders said Chief executive Richard Meruelo’s mother stepped in to purchase a bank loan that was secured by the executive’s shares in company stock. ... Read full article

Lehman Brothers Holdings Inc. unveiled details of a new plan to distribute its assets, Summitt Business Media Holding Co. ... Read full article

Ultimate Electronics' oeprators filed for Chapter 11. Bermuda-based Pulsar Re Ltd. sued Lehman Brothers Holdings Inc. Lehman sought approval for a $10 million settlement with Swedbank AB. ... Read full article

RHI Entertainment Inc. has struck a deal with U.S. Bank to turn over rights to 15 made-for-TV movies, including Hannah’s "Shark Swarm" to settle a $37.8 million debt. ... Read full article

Weil, Gotshal & Manges takes the pulse of some 125 professionals specializing in distressed debt and restructuring work. ... Read full article

Federal regulators' seizure of United Western Bancorp's bank could push the Denver holding company into bankruptcy, thousands of small Japanese firms have been hammered by losses on foreign-exchange derivatives and House Majority Leader Eric ... Read full article

Meruelo Maddux Properties Inc. has struck a deal to settle its differences with a lender group, Rock-Tenn Co. said Sunday it agreed to purchase Smurfit-Stone Container Corp. ... Read full article

The holder of mortgage debt on Grammy-winning singer Toni Braxton’s home won bankruptcy court approval to launch foreclosure proceedings against the Georgia property. Judge Barry Russell of the U.S. ... Read full article