WSJcomBankruptcyBeat

Brokerage Firm RCS Capital Enters Bankruptcy

02/01/16

New York-based brokerage firm RCS Capital Corp. filed for bankruptcy with nearly $2 billion in debt. The Wall Street Journal has the Daily Bankruptcy Review article here.

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American Apparel Sells Ultra-Hip Oak Stores Back to Founders

01/29/16
Photo source: Oak

The Oak chain of clothing stores, a seller of avant-garde basics to urban creatives, is back in the hands of its two founders after a brush with death during

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Next Week in Bankruptcy

01/29/16

Monday is shaping up to be a busy day in bankruptcy court, with major hearings set to begin in New York, California and Delaware.

In Manhattan, Relativity Media LLC will seek final court approval of a chapter 11 plan that restructures more than $1 billion in debt and leaves the company poised to emerge from bankruptcy in early February.

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Bankruptcy Court Readies Claims System for TelexFree Investors

01/29/16
In this Tuesday, April 15, 2014, photo, Homeland Security Investigators raid telecommunications and marketing firm TelexFree in Marlborough, Mass.
Alan Jung/Associated Press<
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Surfwear Retailer Quiksilver Approved to Leave Bankruptcy

01/29/16

California surfwear and skatewear retailer Quiksilver Inc. won court approval to leave chapter 11 protection. The Wall Street Journal has the Daily Bankruptcy Review article here. The plan will restructure some $800 million in debt for the company, which could exit bankruptcy as soon as next week.

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Carl’s Jr. Keeps Sponsorship Deal With Phoenix Suns

01/28/16
The Cleveland Cavaliers’ Kevin Love, left, is stopped by the Phoenix Suns’ P.J. Tucker during the first half of a game Wednesday, Jan.
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Coming and Going Concerns

01/28/16

Eric Fisher and Lindsay Bush have has joined Binder & Schwartz as a partner and associate, respectively. Mr. Fisher and Ms.

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Paper Maker Verso Wins Support for Balance-Sheet Restructuring

01/28/16

Paper maker Verso Corp. won support from creditors for a balance-sheet restructuring and also won interim approval for up to $775 million in bankruptcy financing. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Interim CEO of Samson Resources to Depart in February

01/27/16

Samson Resources Corp.’s interim chief executive is stepping down next month, Daily Bankruptcy Review reports via The Wall Street Journal.

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Paper Company Verso Files for Chapter 11 Bankruptcy

01/26/16

Paper maker Verso Corp. filed for chapter 11 bankruptcy after skipping debt payments, battered by weakening demand. The Wall Street Journal has the Daily Bankruptcy Review article here.

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