WSJcomBankruptcyBeat

First Mariner Bancorp, the holding company for Maryland community bank 1st Mariner, filed for Chapter 11 bankruptcy Monday in order to sell its bank subsidiary. Read the Daily Bankruptcy Review article via The Wall Street Journal.

Join us Tuesday, February 11, at 10:45 a.m. to hear The Wall Street Journal’s Stephanie Gleason moderate a “year ahead in bankruptcy” discussion with bankruptcy and restructuring experts Steve Zelin of The Blackstone Group and Lisa Donahue of AlixPartners LLP.

Plastipak Packaging Inc. of Michigan outbid Australia’s Amcor Ltd. at a bankruptcy auction for substantially all of the assets of Constar International Holdings LLC, a Philadelphia-based maker of plastic bottles, court papers say. Read the Daily Bankruptcy Review article via The Wall Street Journal.

A rental-car company needs more money, a veggie business is hoping for a healthy sale and a thrift store starts to liquidate, and are all on the bankruptcy agenda next week.

Advantage Rent a Car has asked to borrow an additional $20 million in bankruptcy financing as the fourth-largest rental-car company runs on the fumes of its current $46 million loan.