WSJcomBankruptcyBeat

Lehman Brothers Holdings Inc. is suing two entities controlled by German entrepreneur Klaus Tschira in a bid to recover 100 million euros Lehman says was transferred to one of his investment vehicles one business day before Lehman’s 2008 bankruptcy filing. Read the Daily Bankruptcy Review article here.

National Envelope is seeking bankruptcy-court approval to sell its business to rival Cenveo Inc. for $25 million, while other buyers are stepping in to grab the envelope maker’s leftover assets. Read the Daily Bankruptcy Review article here.

When a company in Chapter 11 sells its business, a lot of work remains: evaluating claims, filing lawsuits, getting rid of leftover assets and, most importantly, paying creditors. But what happens when, as in the case of Lowe’s Cos.’ $205 million acquisition of Orchard Supply Hardware Stores, the buyer wants to keep the seller’s name? What do you call everything that’s left behind?

The appointment of a fee examiner to monitor legal bills in

Excel Maritime Carrier Ltd. doled out more than $3.4 million to Chairman Excel Maritime Carrier Ltd. doled out more than $3.4 million to Chairman Gabriel Panayotides in the 12 months before the shipping firm filed for bankruptcy.

The total included Mr. Panayotides’s $3.37 million-a-year salary, according to a financial report the company recently filed with the bankruptcy court. In all the company paid more than $5 million to a dozen company insiders—top executives and board members—in the year before its July Chapter 11 filing,