WSJcomBankruptcyBeat

The Daily Docket: Stockton Enters Bankruptcy

06/29/12

The city of Stockton, Calif., filed for Chapter 9 protection, The Wall Street Journal reports.

MF Global is proving to be catnip for distressed-debt buyers, according to a new report showing that more than $246 million of the failed brokerage’s debt changed hands last month. Read the Daily Bankruptcy Review article here.

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Maclaren to Cover Bankrupt Distributor’s Product-Liability Suits

06/28/12
Getty Images

Product-liability claims against the former U.S. distributor of Maclaren strollers will be covered by Maclaren, the U.K.

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Actor Armand Assante Aims to Sell N.Y. Property

06/28/12
Reuters
Armand Assante attends Kazakhstan Fashion Week in October 2010.

Anyone want Armand Assante as a neighbor?

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The Daily Docket: Patriot Coal Bondholders May Not Recover Much in Restructuring

06/28/12

A shrinking cash position and mounting liabilities indicate that holders of Patriot Coal Corp.’s convertible bonds would be hard pressed to recover much of their investment in case of a restructuring, credit market watchers say. Read the Daily Bankruptcy Review article here.

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American Flag Seller Files for Bankruptcy

06/27/12
Associated Press

When selling the business of patriotism, put emphasis on the red.

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The Daily Docket: Stockton Votes for Bankruptcy Budget

06/27/12
Associated Press
Stockton Mayor Ann Johnston speaks with a city worker prior to a meeting of the City Council Tuesday, June 26, 2012, in Stockton, Calif.

T

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The Stockton Bankruptcy: Should Investors Be Worried?

06/26/12

By Ben Levisohn

The Los Angeles Times is reporting that the Stockton, Calif., City Council plans to vote tonight on whether or not to declare bankruptcy. If it votes yes, the city would become the largest in U.S. history to enter Chapter 9.

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The Daily Docket: Cinram Enters Bankruptcy

06/26/12

Struggling to figure out how to sell DVDs and CDs in a download-driven world, Toronto-based movie and music seller Cinram International Inc. has filed for bankruptcy protection while its executives move to sell its operations. Read the Daily Bankruptcy Review Small Cap article here.

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The Daily Docket: Ritz Camera Enters Bankruptcy

06/25/12

Camera retailer Ritz Camera & Image LLC filed its second Chapter 11 bankruptcy petition since 2009. Read the Daily Bankruptcy Review Small Cap article here.

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Blog-on-Blog Violence With Brant ‘Princes of the City’

06/22/12

Seriously, after a couple of the family’s paper businesses have been forced to seek bankruptcy protection, you would think the teenage Brant brothers, crowned “The New Princes of the City” in the New York Times style section, could do a little more to sell newspapers.

However, 18-year-old Peter Brant II and Harry, who at 15 is “omnipresent on the New York social scene,” are the stuff of which fashion blogs are made, the Times reports.

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