WSJcomBankruptcyBeat

The Daily Docket: Delta Petroleum Files for Bankruptcy

12/16/11

Oil-and-gas company Delta Petroleum Corp. filed for Chapter 11 protection with $57.5 million in bankruptcy financing lined up to fund its continued operations. Read the Daily Bankruptcy Review story here.

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Jefferson County Can’t Afford Another Natural Disaster

12/15/11
Associated Press
The Army Corps of Engineers gets rid of debris in the tornado affected area of Walker, Ala., on May 31.

Fearful of a future financial punch, Jefferson County

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The Daily Docket: Thornburg Trustee Renews $1.9 Billion Attack on Banks

12/15/11

The trustee of defunct mortgage lender Thornburg Mortgage Inc.is renewing his attack against some of the biggest players on Wall Street’s mortgage-finance assembly line—including affiliates of J.P. Morgan Chase & Co., Citigroup Inc. and Credit Suisse Group AG—accusing them of scheming to strip Thornburg’s assets until it collapsed into bankruptcy. Read the Daily Bankruptcy Review story here.

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After Beso Bankruptcy, Longoria to Produce TV Legal Drama

12/14/11
Associated Press
Eva Longoria

For Eva Longoria, art imitates life.

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The Daily Docket: WaMu Unveils Deal With Shareholders

12/14/11

Washington Mutual Inc. unveiled a new proposed settlement with shareholders who have held up confirmation of its Chapter 11 plan and a $7 billion payday for creditors. Read the Daily Bankruptcy Review story here.

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RoomStore Chapter 11 Not Its First Brush With Bankruptcy

12/13/11

RoomStore Inc. filed for Chapter 11 protection Monday with plans to get leaner, but it’s not the furniture and bedding retailer’s first brush with bankruptcy.

RoomStore, whose slogan is “We Don’t Cut Corners. We Cut Prices,” went into Chapter 11 along with its former parent more than a decade ago. It’s since used bankruptcy to snatch up stores from its competitors.

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The Daily Docket: Supreme Court to Weigh Credit Bidding

12/13/11

The U.S. Supreme Court has opted to weigh in on one of the hottest topics in bankruptcy: whether lenders have the right to use debt as currency in bankruptcy auctions. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Lee Enterprises Enters Bankruptcy

12/12/11

Newspaper publisher Lee Enterprises Inc. filed for Chapter 11 bankruptcy protection Monday in a bid to refinance nearly $984 million in debt that’s due to mature in the spring. Read the Daily Bankruptcy Review article here.

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One Bad Apple Can Spoil the Whole Company

12/09/11

Snokist Growers, a century-old Yakima, Wash., cooperative of fruit growers, has been trying to turn bad apples into applesauce. But the company had to file for Chapter 11 bankruptcy protection Wednesday with plans to liquidate after sales couldn’t recover from allegations that it violated food-safety rules.

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The Broke and the Beautiful: American Airlines Edition

12/09/11

This week on The Broke and the Beautiful, “30 Rock” actor Alec Baldwin traded words with American Airlines flight attendants, and TLC gets a cool biopic. Also this week, an Australian Olympic hopeful is swimming in doubt about his chances for 2012.

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