WSJcomBankruptcyBeat

Elpida Memory Inc. bondholders have filed a bankruptcy-exit plan that values the company at $3.85 billion, well over the price rival Micron Technology Inc. has offered to pay for the distressed chip maker. Read the Daily Bankruptcy Review article here.

This week on The Broke and the Beautiful, it’s a family affair. Olympic gold medalist Gabby Douglas’s mom is in bankruptcy, and comedian and actor Russell Brand’s dad just narrowly avoided it. Also, former big leaguer Jose Canseco says bankruptcy can happen to anyone.

Tribune Co. has put a price tag on the damage that it says would be caused if its exit from Chapter 11 is delayed while unhappy creditors appeal its bankruptcy-exit plan: at least $1.5 billion and perhaps as much as $3 billion. Read the Daily Bankruptcy Review article here.

Dewey & LeBoeuf is officially backing out of the (former) U.S.S.R.