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The Daily Docket: Goldman to Lend Arcapita Up to $350M

05/16/13

Goldman Sachs Group Inc. beat out Fortress Investment Group LLC for the right to lend Arcapita Bank up to $350 million that would ease the Bahraini investment firm out of Chapter 11 bankruptcy. Read the Daily Bankruptcy Review article here.

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Art Sales Will Boost Stanford Fraud Victims’ Recovery

05/15/13
Photo courtesy of Heritage Auctions
Dale Chihuly’s cobalt chandelier will be sold at auction next week.

A

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ABI’s Nonprofit Pushes for Unclaimed Chapter 11 Funds

05/15/13

Top bankruptcy attorneys have found a new place for the scraps of leftover money from corporations that collapsed under Chapter 11 protection: their own charity.

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The Daily Docket: Ally Reaches Deal to Settle Claims With ResCap

05/15/13

Ally Financial Inc. said Tuesday it reached an agreement with its mortgage subsidiary Residential Capital LLC that could help accelerate its efforts to get out from government ownership. Read the Daily Bankruptcy Review article here.

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Coda’s Electric Car Steers Into Trouble

05/14/13
Reuters
A General Electric car charging station for one of the first all-electric CODA EV cars in the parking structure at the Westfield Century City Mall in Los Angeles on March
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It Ain’t No Lie: Pearlman Bankruptcy Nearly Over

05/14/13

Get ready to say ‘bye, ‘bye, ‘bye to the bankruptcy case of imprisoned boy-band manager Lou Pearlman.

Six years after the creator of ‘N Sync and the Backstreet Boys was forced into bankruptcy (and later prison), a creditor-payment plan is expected to be ready for court approval as soon as this summer.

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The Daily Docket: Revel Cleared to Leave Bankruptcy

05/14/13
Wayne Parry/Associated Press

Revel AC Inc., which saw its high-end Atlantic City, N.J., resort and casino falter nearly as soon as it opened its doors, won approval to exit bankruptcy with a fraction of the de

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Bankruptcy Watchdog Defends Role in GSC Case

05/13/13

A federal bankruptcy watchdog filed a rare letter defending her personal role in negotiating settlements to resolve a professional fee dispute in GSC Group Inc.’s Chapter 11 case.

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The Daily Docket: ResCap Report Expected Monday

05/13/13

An independent examiner investigating Residential Capital LLC’s relationship with parent Ally Financial Inc. is set to release his report Monday afternoon, Daily Bankruptcy Review reports.

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Investors Target Lawyer in Columbus Exploration Bankruptcy

05/10/13
Associated Press
Gold bars and coins from the SS Central America, a mail steamship, sunk in a hurricane in 1857.

The Columbus Dispatch newspaper says an

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