WSJcomBankruptcyBeat

The Daily Docket: Dodgers Cleared to Advance Bankruptcy Plan

02/23/12

A bankruptcy judge cleared the Los Angeles Dodgers to advance their plan for a new owner to take the ball club out of Chapter 11. Read the Daily Bankruptcy Review article here.

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Flight Attendant’s Petition Seeks New Leaders at American Airlines

02/22/12
Bloomberg News
A US Airways Group Inc. plane takes off behind American Airlines Inc.
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The Daily Docket: Big Frowns for Small Smiles

02/22/12

The financially struggling operator of Small Smiles Dental filed for Chapter 11 bankruptcy protection to begin the process of selling its operations to repay its debts. Read the Daily Bankruptcy Review article here.

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Slavery Museum Files Bankruptcy-Exit Plan

02/21/12

The U.S. National Slavery Museum recently filed a plan to exit bankruptcy protection and restart fundraising so it may someday share its collection of slavery artifacts and documents with the public.

Five months after filing for Chapter 11 protection, the nonprofit organization on Friday filed its plan of reorganization, which describes how it will use charitable donations to continue operating.

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The Daily Docket: No MF Global Customer Money Found at J.P. Morgan

02/21/12

Louis Freeh, the bankruptcy trustee overseeing MF Global Holdings Ltd.’s Chapter 11 case, says a forensic analysis has determined none of the estimated $1.6 billion in missing customer cash ended up in the company’s account at J.P. Morgan Chase & Co. Read the Daily Bankruptcy Review story here.

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The Broke and the Beautiful: Busey Redux Edition

02/17/12

This week on The Broke and the Beautiful, Gary Busey’s assets are revealed. Also, Tionne “T-Boz” Watkins’s bankruptcy case has been dismissed, and Don Henley’s nonprofit group will return half of the donation it got from Ponzi-scheme operator Scott Rothstein.

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The Daily Docket: Lehman Seeks to Subpoena Geithner

02/17/12

Lehman Brothers Holdings Inc. and its creditors said they want to subpoena Treasury Secretary Timothy Geithner over allegations J.P. Morgan Chase & Co. illegally siphoned billions of dollars from the collapsing investment bank before it filed for bankruptcy. Read the Daily Bankruptcy Review article here.

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Guggenheim, Other Funds Divulge Stakes in Global Aviation Debt

02/16/12

A group of hedge funds and investment firms calling itself the ad hoc committee of senior noteholders divulged their stakes Global Aviation Holdings Inc.’s debt. Bankruptcy law requires investors to publicly disclose their identities and their holdings if they’re working as a group in a Chapter 11 case.

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Dodgers Bidders Prepare to Round Second Base

02/16/12
Associated Press
Dodger Stadium

A second round of bidding is under way for the Los Angeles Dodgers, the Los Angeles Times

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The Daily Docket: Kodak Can Keep Borrowing On Loan

02/16/12

A judge on Wednesday said Eastman Kodak Co. could continue borrowing on its $950 million bankruptcy loan from Citigroup Inc., after satisfying several parties’ concerns with it. Read the Daily Bankruptcy Review article here.

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