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Union Still Sees a Future for Itself in Liquidating Hostess

02/08/13
Getty Images
Striking bakery workers stand outside of a Hostess facility in Oakland, Calif., on Nov. 16, 2012.

The union that Hostess Brands Inc.

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The Daily Docket: Bondholders Sue Jefferson County

02/08/13

Pressed by an impatient group of creditors, the bank in charge of distributing sewer revenue to Jefferson County, Ala., bondholders owed some $3.2 billion has turned to the county’s bankruptcy judge for help in determining whether it can accelerate some debt payments and make bond insurers pay for them. Read the Daily Bankruptcy Review story here.

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The Art of Liquidation

02/07/13
Courtesy of Adam A. Weschler & Son Inc.
Sol LeWitt’s silkscreen monoprint “Wavy Brush Strokes” sold for $38,000 at a Feb.
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The Daily Docket: Fitch Warns of More Coal Bankruptcies

02/07/13

Financial hardship that has plagued U.S. coal producers in recent years could crest in 2013, leading some analysts to predict that more coal companies will turn to bankruptcy as they try to survive the downturn. Read the Daily Bankruptcy Review story here.

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The Daily Docket: ATP Oil Heads to Showdown With Creditors

02/06/13

A bankruptcy judge in Houston refused Tuesday to consider an emergency financing motion from ATP Oil & Gas Corp. that creditors called “shocking and offensive” and gave the company until Monday to get a better loan deal.  Read the story here in Daily Bankruptcy Review.

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The Daily Docket: Lehman Customers Could Get Another $15.2B

02/05/13

The trustee winding down Lehman Brothers Inc. wants to add $15.2 billion to a fund to pay customers of the failed brokerage, bringing them closer to recovering all of what they are owed. Read the Daily Bankruptcy Review article here.

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Lehman Bankruptcy Inspires London Play

02/04/13
Reuters

Lehman Brothers’ spectacular 2008 failure called into question the soundness of the U.S. economy, the strength of our financial regulations and the impact of Wall Street on Main Street.

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The Daily Docket: Hawker Wins Chapter 11 Plan Approval

02/04/13

Hawker Beechcraft Inc. won court approval Friday of its plan to exit bankruptcy under the control of a group of hedge funds, a ruling the company hopes will lead to it being out of Chapter 11 by the end of February. Read the Daily Bankruptcy Review article here.

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The Broke and the Beautiful: Best Picture Edition

02/01/13

This week on The Broke and the Beautiful Kodak may not have the naming rights for the theater where the Oscars are held, but it’s still starring in the best picture nominations. Also, the trustee for former University of Miami booster Nevin Shapiro’s bankrupt company is suing a law firm for its alleged role in Shapiro’s Ponzi scheme.

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Delaware Bar Ally to Head Senate Bankruptcy Panel

02/01/13
Getty Images

Federal lawmakers who have long grumbled about big companies choosing Delaware or Manhattan over their “home” bankruptcy courts for restructuring work will now have to get past Delaware Democratic

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