WSJcomBankruptcyBeat

Accident Claims, Competition From Uber Push San Francisco’s Biggest Cab Company Into Bankrputcy

01/25/16

The operator of San Francisco’s biggest cab company filed for bankruptcy protection Friday, overcome by fewer riders, accident claims and liabilities and competition from Uber. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Next Week in Bankruptcy

01/22/16

Investors who are brave enough to enter the badly bruised energy markets have a chance to buy some of the operations of major U.S. coal players next week.

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Plaintiff Encouraged to Drop First GM Ignition-Switch Suit

01/22/16

A judge is encouraging lawyers to drop the first of a series of ignition switch defect lawsuits against General Motors Co. because of the plaintiff’s alleged fraud. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Disclosing Claims-Trading Prices Would Hurt Debtors, Creditors

01/21/16

Kenneth Rosen’s recent op-ed “Claims Trading Warps the Bankruptcy System” reflects a yearning for the supposed good old days of bankruptcy practice when debtors were firmly in control of their cases, original creditors never sold their loans or claims and “self-interested meddlers” who buy discounted claims on the secondary market did not exist.

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Bankruptcy Judge Gives Bloombeg Time to Fight Molycorp Disclosures

01/21/16

Bloomberg LP won more time to mount a challenge to a judge’s order for dozens of bankruptcy professionals to disclose conversations with the company over rare-earths miner Molycorp Inc. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Bloomberg Challenges Judge’s Order on Molycorp Disclosures

01/20/16

Bloomberg LP is contesting a judge’s order for dozens of bankruptcy professionals to make sworn statements over their conversations with the media company over rare-earths miner Molycorp Inc. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Primorsk International Enters Bankruptcy Restructure Debt

01/19/16

Arctic oil shipper Primorsk International Shipping Ltd. filed for chapter 11 protection with a deal with bondholders in hand. The Wall Street Journal has the Daily Bankruptcy Review article here.

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50 Cent Creditors File Repayment Proposal

01/15/16
In a Tuesday, July 21, 2015, file photo, rapper Curtis Jackson, also known as 50 Cent, leaves court.
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Vantage Drilling Wins Bankruptcy Plan Confirmation

01/15/16

Vantage Drilling won confirmation of its chapter 11 bankruptcy-exit plan. Read the Daily Bankruptcy Review article here. The plan will decrease its debt and get it ready to compete in a tougher market than ever.

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