WSJcomBankruptcyBeat

Friendly’s CEO, Sun Capital Ring Up Hefty Expense Tabs

11/17/11
Getty Images

Harsha Agadi, the fast-food veteran who signed on to lead Friendly Ice Cream Corp.

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The Daily Docket: General Maritime Plunges Into Bankruptcy

11/17/11

General Maritime Corp. voluntarily filed for Chapter 11 bankruptcy and reached agreements with key senior lenders for a financial restructuring that will allow the oil-tanker company’s operations to continue. Click here to read the article in Daily Bankruptcy Review.

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One Madison Park Developers Fight McDonald’s Payment Demands

11/16/11
Associated Press

Well-heeled real-estate buyers aren’t the only folks unhappy about their delayed move into the defunct Manhattan condominium project

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Tepper Snags MF Global Shares

11/16/11
Bloomberg

Hedge-fund manager David Tepper has a history of profiting from the financial distress of others. It’s made him one of Wall Street’s wealthiest investors.

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The Daily Docket: Tribune Faces Creditor Challenges

11/16/11

Tribune Co. is pushing to get out of bankruptcy fast but is battling challenges from major creditor camps to the rejection of a Chapter 11 plan, which the company says is easily repaired. Read the Daily Bankruptcy Review article here.

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Moo & Oink Beefs Up Auction Block

11/15/11

Where’s the beef, you ask? Well, according to the bankruptcy court, it’ll be on the auction block next month.

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The Daily Docket: Lehman Reaches Deal With Trustee

11/15/11

Lehman Brothers Holdings Inc. reached a deal with the trustee for investors in a complex natural gas deal that fizzled when the investment bank collapsed and its impact was felt from Walt Disney World to the city of Tallahassee, Fla. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Dynegy Bondholders Seek Examiner

11/14/11

The Wall Street Journal reports that a group of Dynegy Holdings’ bondholders want a judge to appoint someone to probe some “unusual” transactions leading to its bankruptcy filing.

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The Broke and the Beautiful: Bankruptcy Beat Edition

11/11/11

This week on The Broke and the Beautiful, we’re going to sing our own praises just a bit. From Toni Braxton’s revelation that bankruptcy worked out “really great” to boy-band creator Lou Pearlman’s settlement with MTV, Bankruptcy Beat was at the forefront of celebankruptcy news. Also this week, the Dodgers are readying for a sale, and Lenny “Nails” Dykstra’s boxing brawl didn’t go off as planned.

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The Daily Docket: Lehman to Sell Neuberger Stake

11/11/11

Lehman Brothers Holdings Inc. will sell its 49% stake in asset manager Neuberger Berman to Neuberger’s employees for $1.5 billion, which would benefit Lehman’s creditors and put Neuberger on a path toward 100% employee ownership. Read the Daily Bankruptcy Review article here.

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