WSJcomBankruptcyBeat

A judge Friday approved a lower-priced sale of Innkeepers USA Trust’s hotels to private-equity firm Cerberus Capital Management LP, putting the hotelier’s bankruptcy exit back on track after nearly two months of hiccups. Read the Daily Bankruptcy Review article here.

The possibility for fraud exists within the system of trusts set up by bankruptcy courts to deal with asbestos personal injury claims, although claims were down slightly in 2010 compared to the prior year, according to a new government report.

The last supplier to recover goods from food manufacturer Orval Kent Food Co. gets a rotten egg!

Prime Foods Inc., an Indiana-based egg seller, wants Orval Kent to return the nearly $60,000 worth of hard-boiled eggs it received in the weeks leading up to Orval Kent’s Chapter 11 bankruptcy case. The timer’s now ticking away against the cooked eggs’ shelf life of only six weeks.

A purchase offer from an investor has become

The Miami Heat and Florida Panthers are ready to rumble…in bankruptcy court.