WSJcomBankruptcyBeat

The Broke and the Beautiful: Love Actually Edition

02/15/13

This week on The Broke and the Beautiful, actress and singer Martine McCutcheon is in bankruptcy, and Chapter 11 has claimed another special-effects studio.

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The Daily Docket: Chapter 11 Tools Help Airline Consolidations

02/15/13
Reuters

As American Airlines gears up for its next chapter, the airline owes a lot to its current chapter: Chapter 11 bankruptcy protection.

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Dewey Docket: Laid-Off Staff to Have Their Day in Court

02/13/13
Reuters

A former Dewey & LeBoeuf LLP document specialist who sued the law firm last year after 450 staffe

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The Daily Docket: Revel Hires Restructuring Pros

02/13/13

Revel, the struggling Atlantic City casino, has hired restructuring lawyers and bankers to mull options for reworking a heavy debt load, The Wall Street Journal reports.

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Kodak Locks Down Lens Licensing Deal

02/12/13
Agence France-Presse/Getty Images
Karen A.
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The Daily Docket: Nortel Creditors to Face Off Over $7.3 Billion

02/12/13

U.S. investors are pushing to go to trial by the fall over how to divide Nortel Networks Corp.’s $7.3 billion pile of money, but officials looking out for Canadian and European creditors say the international cash clash could take much longer to sort out. Read the Daily Bankruptcy Review story here.

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Restructuring Experts: Recession Didn’t Improve Corporate Governance

02/11/13

The Great Recession taught businesses some valuable lessons, but restructuring experts don’t think companies learned enough about changing their corporate governance practices, according to a new survey.

In its 2013 Outlook Survey of restructuring experts, advisory firm AlixPartners said slightly less than half of the 98 professionals questioned believe corporate governance is better now than it was before the recession.

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The Daily Docket: Arcapita Bank to Wind Down

02/11/13

Bahrain’s Arcapita Bank is proposing to wind down and sell all of its assets as the Bahrain-based investment firm tries to emerge from bankruptcy protection in the U.S. Read The Wall Street Journal reports.

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Biofuel Scandal Pushes Trading Firm Into Bankruptcy

02/08/13

A trading firm that accidentally sold millions of dollars worth of fake biofuel credits has filed for bankruptcy, fueling pressure on environmental regulators to fix the fraud that’s infected that market.

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