WSJcomBankruptcyBeat

Garcia’s, Garfield’s Restaurants Tell Workers About Bankruptcy

02/01/13

Two national restaurant chains that quietly filed for bankruptcy and tried to keep the news from their 1,400 employees caught the attention of a federal court watchdog, which has growled out an order to notify them.

A representative from the U.S. Trustee’s Office instructed the owners of—drumroll, please—the Garcia’s and Garfield’s restaurant chains to notify creditors, including many employees, that the chain’s two holding companies had filed for Chapter 11 protection on the Friday before New Year’s Eve.

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The Daily Docket: Judge Approves MF Global Deal

02/01/13
Reuters

MF Global Holdings Ltd.’s bankruptcy judge on Thursday approved a key settlement among the failed brokerage’s three key constituents, opening up the possibility that the remaining money owed to customers could start flow

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Nortel’s U.S. Disabled Workers Looking to Cash In on Claim

01/31/13
Associated Press

For sale: one $26.6 million claim against Nortel Networks Corp.

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The Daily Docket: Judge Says Stockton Can Make Creditor Deals Without Approval

01/31/13

Attorneys who are steering struggling Stockton, Calif., through bankruptcy got the power to negotiate deals with creditors with far more secrecy than the usual bankruptcy case. Read the Daily Bankruptcy Review article here.

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Kodak Stars in Best Picture Nominees

01/30/13
European Pressphoto Agency
Ben Affleck (front) holds up the Screen Actors Guild Award for Outstanding Performance by a Cast in a Motion Picture for “Argo” at the Screen Actors
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The Daily Docket: Hostess Nears Twinkie Sale Deal

01/30/13
Associated Press
Artist Nancy Peppin holds one of her creations from her series “Day of the Dead Twinkies,” one of dozens of pieces of art she has created over the years using Twinkies and ot
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The Daily Docket: School Specialty Enters Bankruptcy

01/29/13

School Specialty Inc. has filed for Chapter 11 bankruptcy protection and agreed to sell its assets to Bayside Capital Inc., an existing secured lender that will be bidding, in part, with debt rather than cash. Read the Daily Bankruptcy Review article here.

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Little Debbie, All Grown Up

01/28/13

The adorable image on that package of cupcakes you can’t stop snacking on has a back story.

The girl with the auburn locks, cowboy hat and button nose is, in fact, Little Debbie—the granddaughter of the founders of the company that makes the line of cakes, McKee Foods Corp.

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The Broke and the Beautiful: McDreamy Edition

01/25/13

This week on The Broke and the Beautiful, actor Patrick Dempsey, aka TV’s “McDreamy,” gives us the scoop on his purchase of the Tully’s coffee chain out of bankruptcy. Also this week, boxing promoter Don King is settling a score—on litigation related to Ponzi-scheme operator Scott Rothstein.

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