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The Daily Docket: Silver Point Offers to Sponsor K-V Plan

06/04/13

Senior bondholder Silver Point Finance LLC has submitted a proposal letter for K-V Pharmaceutical Co. that matches an offer from a group of investors holding subordinate bonds. Read the Daily Bankruptcy Review article here.

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Sly Stone’s Ex-Manager Puts Companies in Chapter 11

06/04/13
Sony Music Entertainment
Sly and The Family Stone

Sly Stone’s former manager, who the troubled singer claims duped him into signing away his music royaltie

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Bankruptcy Bidder Protections Climbed in 2012

06/03/13

Bidder protections—a common feature in Chapter 11 bankruptcy auctions—hit their highest level in recent years, new data show.

Morgan Joseph TriArtisan LLC, an investment bank that focuses on the middle market, recently reported that the average amount of bidder protections a company offered its lead bidder last year was 4.4% of the purchase price, while average bidder protections between 2008 and 2011 hovered between 3.5% and 3.7%. (They were a low 2.6% in 2007, before the economic downturn hit.)

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The Daily Docket: Lehman Selling More Claims Against Brokerage

06/03/13
European Pressphoto Agency

Lehman Brothers Holdings Inc. is selling more of the claims against its defunct brokerage, as part of a continuing strategy to quickly recover money that will go to its creditors.

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Coda Short Circuits on Reporting Insider Pay

05/31/13
Damian Dovarganes/Associated Press
This Nov.
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The Broke and the Beautiful: Joe Francis Redux Edition

05/31/13

This week on The Broke and the Beautiful, Joe Francis speaks to Bankruptcy Beat. Also, an appellate court tosses a legal judgment against the Girls Gone Wild founder.

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Joe Francis Says Bankruptcy Trustee Aims to Destroy Girls Gone Wild

05/31/13
Reuters
“Girls Gone Wild” founder Joe Francis arrives at the 2012 MTV Movie Awards in Los Angeles.

Girls Gone Wild founder Joe Francis says the trustee who

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The Daily Docket: Judge Says ATP Sale Isn’t ‘Preordained’

05/31/13

A bankruptcy judge on Thursday warned ATP Oil & Gas Corp. that it’s not “preordained” that he’ll approve the asset sale the company has long been pinning its hopes on but which has run into complications. Read the Daily Bankruptcy Review article here.

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CNET Co-Founder Halsey Minor Files for Personal Bankruptcy

05/29/13

By Deborah Gage

Tech investor and entrepreneur Halsey Minor filed for Chapter 7 bankruptcy last week in U.S. Bankruptcy Court in Los Angeles. Minor lists his liabilities as $50 million to $100 million, primarily in business debts, with assets in the $10 million to $50 million range.

This is not the first bankruptcy case for Minor–court records show cases in Virginia involving Minor Family Hotels and Carter’s Grove, a historic Virginia mansion that Minor had owned.

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