WSJcomBankruptcyBeat

Bankrupt Caesars Unit’s Adviser Warns of Ticking Clock

06/09/16

[wsj-responsive-image P="//art.wsj.net/api/photos/38736204/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/38736204/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/38736204/smartcrop?height=853&width=1280" credit="Getty Images" placement="Inline" suppressEnlarge="false" ]

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Seventy Seven Energy Enters Chapter 11

06/08/16

[wsj-responsive-image P="//art.wsj.net/api/photos/38086058/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/38086058/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/38086058/smartcrop?height=853&width=1280"  credit="Associated Press" placement="Inline" suppressEnlarge="false" ]

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Mediator Says Caesars Talks Reached Stalemate

06/07/16

[wsj-responsive-image P="//art.wsj.net/api/photos/38736204/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/38736204/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/38736204/smartcrop?height=853&width=1280" caption="The marquee at Caesars Palace shows a tribute to boxing legend Muhammad Ali on June 3 in Las Vegas. (Photo by Ethan Miller/Getty Images)" credit="Getty Images" placement="Inline" suppressEnlarge="false" ]

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‘American Idol’ Producer Sues Past Winner Phillip Phillips

06/06/16

[wsj-responsive-image P="//si.wsj.net/public/resources/images/BN-OI792_philph_P_20160606150727.jpg" J="//si.wsj.net/public/resources/images/BN-OI792_philph_J_20160606150727.jpg" M="//si.wsj.net/public/resources/images/BN-OI792_philph_M_20160606150727.jpg" caption="Phillip Phillips performs at the 'American Idol' farewell season finale at the Dolby Theatre on April 7 in Los Angeles. 19 Entertainment is suing him in a bid to keep its job as his exclusive manager." credit="Associated Press" placement="Inline" suppressEnlarge="false" ]

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Coming and Going Concerns

06/06/16

Sharon Levine has joined the bankruptcy and restructuring group at law firm Saul Ewing as a partner. Ms. Levine has experience in bankruptcy litigation and restructurings. She has represented unsecured creditors’ committees in bankruptcies including Exide Technologies, Horsehead Holdings, Lear Corp. and Verso Paper. She has worked on other big chapter 11 cases including MF Global, Hawker Beechcraft and Patriot Coal, as well as Detroit’s chapter 9 bankruptcy case.

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Oil and Gas Driller Hercules Offshore Is Back in Bankruptcy

06/06/16

[wsj-responsive-image P="//si.wsj.net/public/resources/images/BN-OI577_0606he_P_20160606074133.jpg" J="//si.wsj.net/public/resources/images/BN-OI577_0606he_J_20160606074133.jpg" M="//si.wsj.net/public/resources/images/BN-OI577_0606he_M_20160606074133.jpg" caption="A Hercules Offshore Inc. jackup shallow-water drilling unit stands idle in the Gulf of Mexico. The company just returned to bankruptcy months after a balance-sheet revamping." credit="Bloomberg News" placement="Inline" suppressEnlarge="false" ]

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Next Week in Bankruptcy

06/03/16

SunEdison Inc. shareholders will urge a bankruptcy judge on Tuesday to appoint a committee that would look out for their interests during the solar-power giant’s case, arguing that SunEdison management can’t be trusted.

In recent court papers, lawyers for more than 260 investors who own SunEdison’s common stock pointed out that the company’s bankruptcy case might be a rare one in which shareholders recover some money, calling for oversight to ensure that money doesn’t drain unnecessarily.

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Judge Says Constitution May Protect Bankrupt Archdiocese

06/03/16

[wsj-responsive-image P="//si.wsj.net/public/resources/images/BN-OD714_CHURCH_P_20160523223009.jpg" J="//si.wsj.net/public/resources/images/BN-OD714_CHURCH_J_20160523223009.jpg" M="//si.wsj.net/public/resources/images/BN-OD714_CHURCH_M_20160523223009.jpg" caption="In this May 3, 2016 photo, the St. Paul Cathedral is pictured in St. Paul, Minn."  credit="Jim Mone/Associated Press" placement="Inline" suppressEnlarge="false" ]

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Warren Resources Enters Chapter 11

06/03/16

[wsj-responsive-image P="//art.wsj.net/api/photos/31191863/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/31191863/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/31191863/smartcrop?height=853&width=1280" caption="Denver-based oil company Warren Resources filed for bankruptcy after reaching a deal with GSO Capital Partners." credit="Reuters" placement="Inline" suppressEnlarge="false" ]

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Lawmakers Oppose Caesars REIT Spinoff

06/02/16

[wsj-responsive-image P="//si.wsj.net/public/resources/images/BN-OH549_capito_P_20160602160907.jpg" J="//si.wsj.net/public/resources/images/BN-OH549_capito_J_20160602160907.jpg" M="//si.wsj.net/public/resources/images/BN-OH549_capito_M_20160602160907.jpg" caption="The Capitol Building in Washington, D.C., on March 28. More than a dozen Congress members want to torpedo a big part of the restructuring of Caesars Entertainment Corp.’s operating unit." credit="Michael Reynolds/European Pressphoto Agency" placement="Inline" suppressEnlarge="false" ]

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