WSJcomBankruptcyBeat

The Wall Street Journal reports on Energy Future Holdings Corp.’s preparation for a bankruptcy filing.

Long Island, N.Y.’s, shut Long Beach Medical Center filed for Chapter 11 bankruptcy Wednesday to sell what remains of its assets after Hurricane Sandy devastated the hospital a little more than a year ago. Read the Daily Bankruptcy Review article via WSJ.

J. Michael Booe has joined law firm Winston & Strawn LLP as a partner in the Charlotte, N.C., office. Mr. Booe, a fellow of the American College of Bankruptcy, focuses on corporate financing transactions as well as syndicated commercial and single lender transactions. He has experience representing clients in Chapter 11 cases and other insolvency matters. Mr. Booe earned his law degree from the University of North Carolina at Chapel Hill.

Creditors of Lehman Brothers Holdings Inc. will receive hundreds of millions of dollars from the estate of the bankrupt firm following a settlement with Freddie Mac. Read the Daily Bankruptcy Review article via The Wall Street Journal.

Exide Technologies Inc. and its creditors are vying for the right to launch a probe into suspected metal price-fixing, with an eye toward collecting damages if it turns out the battery-maker was victimized.

China’s Wanxiang Group won court approval Tuesday to take over failed luxury hybrid-car maker Fisker Automotive Inc. after successfully outbidding Hong Kong billionaire Richard Li in an auction. Read the Daily Bankruptcy Review article via The Wall Street Journal.