WSJcomBankruptcyBeat

Dance New Amsterdam to Stage Restructuring

05/29/13

Dance New Amsterdam, a nonprofit New York dance education and performance center, filed for Chapter 11 bankruptcy protection this week to gain the breathing room it needs to stage its restructuring.

According to court papers filed Monday, DNA listed assets and debts each in the range of $1 million to $10 million and said it has more than 200 creditors.

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The Daily Docket: Ahern Wins Bondholder Support for Plan

05/29/13

Ahern Rentals Inc. and its bondholders have agreed to a path out of Chapter 11 bankruptcy for the construction-equipment company, narrowly avoiding a showdown over rival restructuring plans. Read the Daily Bankruptcy Review article here.

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Grading U.S. Bankruptcy Watchdogs

05/28/13

It’s report-card season, and the federal government’s team of bankruptcy watchdogs isn’t immune from evaluation. In a self-generated report card, those watchdogs say they’ve earned straight A’s in everything but executive bonuses.

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The Daily Docket: Trustee Opposes AMR Plan

05/28/13
Associated Press
In this Nov.
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Fat-Melting Laser Distributor Files for Bankruptcy

05/24/13

The Texas company that once held the license to sell the Zerona fat-melting laser machines, which offers incision-free liposuction in the offices of cosmetic surgeons, has filed for bankruptcy protection to try to keep its grip on its recently terminated licensing agreement with the laser’s manufacturer.

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The Broke and the Beautiful: Sinbad Edition

05/24/13

This week on The Broke and the Beautiful, Sinbad is in bankruptcy, and Joe Francis is mad at the jury that convicted him of assault. Also, the IRS wants to resolve Dionne Warwick’s unpaid taxes.

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IRS Targets Dionne Warwick’s Tax Debt

05/24/13
Joel Ryan/Associated Press
Dionne Warwick in November 2012

The Internal Revenue Service is wishin’ and hopin’ it can resolve Dionne Warwick’s unpaid taxes.

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The Daily Docket: Ally to Pay $2.1B to ResCap

05/24/13

Ally Financial Inc. said Thursday it will pay $2.1 billion to its mortgage subsidiary Residential Capital and the unit’s creditors under an agreement reached last week that could move the Detroit-based lender closer to repaying its government bailout. Read the Daily Bankruptcy Review article here.

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Caution: Lawsuits Ahead

05/23/13
Reuters

With the arrival of Allan Diamond in Dewey & LeBoeuf LLP’s liquidation, former partners and their new law firms s

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Ex-ComputerLand CEO Seeks Creditor Protection Amid Tax Fight

05/23/13

William H. Millard, once one of America’s wealthiest chief executives at the helm of the ComputerLand Corp. retail chain, has sought creditor protection in the U.S., telling a New York bankruptcy judge that he’s not a notorious tax fugitive but the target of a decades-old vendetta from lawmakers on the Pacific island of Saipan.

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