WSJcomBankruptcyBeat

Consulting Firm That Once Advised Gadhafi Enters Chapter 11

11/08/12
Associated Press
Monitor Co. Group filed for bankruptcy this week.
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The Daily Docket: Trustee Attacks A123′s Bid to Pay Bankruptcy Bonuses

11/08/12

The government’s bankruptcy watchdog says A123 Systems Inc.’s attempt to pay millions of dollars in “incentive” bonuses to a handful of the battery maker’s insiders appears to be a disguised bid to award the employees with illegal “retention” bonuses. Read the Daily Bankruptcy Review article here.

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Texas College’s Collapse Puts Town’s Rodeo Venue in Play

11/07/12

The unexpected collapse of Lon Morris College has Jacksonville, Texas, reaching for the reins of the rodeo arena that it gave to the private, two-year college during the ambitious expansion that led to its downfall.

As an auctioneer prepares to sell off property left on the college’s 112-acre campus, Jacksonville leaders are trying to make sure that the rodeo grounds aren’t included. Instead, they want the property returned to the city, which deeded the property to the college in 2009.

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The Daily Docket: Homer City Enters Bankruptcy

11/07/12

Homer City Funding LLC, a special-purpose vehicle formed in connection with the $1.6 billion purchase of a Pennsylvania coal-fired power plant in 2001, has filed for Chapter 11 bankruptcy protection after reaching a debt-restructuring deal with its bondholders. Read the Daily Bankruptcy Review article here.

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Stroock, Kirkland Bunk Up Post-Storm

11/06/12
Rachel Feintzeig
Stroock & Stroock & Lavan LLP’s downtown Manhattan office sustained damage from superstorm Sandy that could take weeks to repair.

As res

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The Daily Docket: Watchdogs Continue War Against ‘Premium’ Fees

11/05/12

Federal bankruptcy watchdogs are continuing to wage war against a “bankruptcy premium” they say corporate attorneys may be charging companies in Chapter 11, but they are dialing back some of their demands that had riled members of the bankruptcy bar. Read the Daily Bankruptcy Review article here.

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The Broke and the Beautiful: Re-Break Our Hearts Edition

11/02/12

This week on The Broke and the Beautiful, Toni Braxton’s estranged husband is in trouble, and musician Cat Power might need to cancel her tour. Also this week, the Dan Marino Foundation won’t have to pay the bankruptcy trustee of Scott Rothstein’s law firm.

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Bankruptcy Beat Snapshot: Frank Merola

11/02/12
Frank Merola

Restructuring lawyer Frank Merola has worked on a lot of casino

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The Daily Docket: Centaur to Buy Indianapolis Downs

11/02/12

Indianapolis Downs LLC won court approval to sell the Indiana Grand racetrack and casino to Centaur Holdings LLC for $500 million, the cornerstone of its restructuring plan. Read the Daily Bankruptcy Review article here.

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