WSJcomBankruptcyBeat

Residential Capital LLC on Tuesday began building its case to exit Chapter 11 under a proposal supported by all but one of its major creditor groups, pointing out that those objectors are being treated better than all other creditors in the case, the Daily Bankruptcy Review reports.

A bidding war has broken out over the rights to a pair of games created by shuttered videogame deve

The Justice Department’s bankruptcy watchdog is shuffling its ranks for 2014.

After more than a year of cost-cutting and debt negotiations, Stockton, Calif., leaders can now focus their efforts on a March courtroom trial that could be the final hurdle to getting the 300,000-resident city out of bankruptcy. Read the Daily Bankruptcy Review story via The Wall Street Journal.

A prominent lawyers group is defending the right of bankruptcy judges to have the final say in their courtrooms, a right upon which a 2011 Supreme Court ruling has cast doubt.

The American Bar Association, whose 400,000 members include many of the country’s lawyers and judges, has filed a friend-of-the-court brief urging the Supreme Court to narrowly interpret its prior ruling by confirming bankruptcy courts’ broad ability to enter final orders and judgments.