WSJcomBankruptcyBeat

IWIRC Celebrates Members on 20th Anniversary

04/18/13
Jacqueline Palank
IWIRCs Delaware chapter on Thursday received the Ryan Award for outstanding IWIRC network.

Sheryl Sandberg, take note: A group of restructuring profession

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The Daily Docket: Pinnacle to Leave Bankruptcy as Delta Unit

04/18/13

A bankruptcy-court judge on Wednesday cleared regional carrier Pinnacle Airlines Corp. to leave Chapter 11 as a unit of Delta Air Lines Inc. , a decision that streamlines Pinnacle’s operations and costs in an increasingly consolidating airline industry.

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The Daily Docket: Judge Clears Lehman Brokerage Settlement

04/17/13
Agence France-Presse/Getty Images

A judge on Tuesday approved three measures that will together allow billions of dollars to be returned to customers of Lehman Brothers Holdings Inc.’s collapsed brokerage, and soon.

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Restructuring Pros Revel in Conference Site

04/16/13
Associated Press

The Revel resort and casino in Atlantic City, N.J., hopes to check out of bankruptcy by the end of May.

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The Daily Docket: Energy Future Looks to Cut $32B Debt

04/16/13

Energy Future Holdings Corp., the former TXU, talked about a potential bankruptcy Monday that would help erase $32 billion in debt, The Wall Street Journal reports.

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The Daily Docket: LBIE Creditors Might Get Full Returns

04/15/13

Creditors of Lehman Brothers Holdings Inc.’s U.K. arm, Lehman Brothers International Europe, might get all their money returned to them. Read the article via Daily Bankruptcy Review.

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Nebraska’s Westward-Expansion Museum Leaves Investors Hanging

04/12/13

The Kearney Arch museum in rural Nebraska has never been able to convince enough motorists to pull over to see its historical artifacts and volunteer re-enactors who chronicle how Americans bravely set out in wagons in the mid-1800s to settle the country’s prairie land.

But the storyline of the museum’s own financial struggle might not be so dramatic if the attraction—a boxy structure meant to look like a covered bridge and painted with colors of the Nebraska sunset—wasn’t hoisted above Interstate 80.

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The Broke and the Beautiful: Gordon Ramsay Edition

04/12/13

It’s a light week here on The Broke and the Beautiful. Celebrity chef Gordon Ramsay is getting sued, and some college interns have new ideas for Twinkies. Also, Inverness Distribution won a settlement that’ll let it sell off international distribution rights.

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The Daily Docket: Reader’s Digest Allowed to Sell European Units

04/12/13
European Pressphoto Agency
A copy of Reader’s Digest at a store in New York in August 2009.

Reader’s Digest Association Inc.

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Conway Team Strikes Out to Form Sierra Constellation

04/11/13

A team of turnaround professionals has struck out from advisory firm Conway MacKenzie to launch a new firm that will not only advise and lead troubled companies but may also invest in some of those businesses.

Larry Perkins, a former Conway senior managing director, is leading the eight-person team behind Sierra Constellation Partners LLC, which he says offers a new way of helping troubled middle-market companies and their stakeholders.

“Our industry…has matured a lot,” Mr. Perkins told Daily Bankruptcy Review Thursday. “I think the market is searching for a new model.”

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