WSJcomBankruptcyBeat

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.

When Freedom Industries Inc.

Jack Butler, a bankruptcy lawyer who was instrumental in the 2013 merger of American Airlines and US Airways, is jumping to a firm specializing in liquidations, real estate and private equity after more than two decades at law firm Skadden, Arps, Slate, Meagher & Flom LLP.

Is it better or worse when investors start gaming out doomsday scenarios? Citigroup’s Asia strategist, Markus Rosgen, says that amid the recent market selloff clients have started asking him for Altman Z-scores.

These gauge the probability of a borrower defaulting on its debt, based a mélange of sales, capital and assets. Mr. Rosgen hasn’t crunched Z-scores requests since the dark days of 2008.

A bankruptcy judge Tuesday dismissed a play by Major League Baseball’s Houston Astros to prevent the troubled Comcast SportsNet Houston television network from restructuring under Chapter 11 protection, The Daily Bankruptcy Review reports.