WSJcomBankruptcyBeat

The Daily Docket: Omega Navigation Files for Bankruptcy

07/11/11

Shipping company Omega Navigation Inc. and nine of its subsidiaries filed for Chapter 11 bankruptcy protection in Texas Friday after failing to strike a deal with its senior lenders on an out-of-court debt restructuring. Read the Daily Bankruptcy Review story here.

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NFL Lockout Blamed for Georgia Gym’s Bankruptcy

07/08/11
Associated Press
Jeff Pash, executive vice president and general counsel for the NFL, talks with the media in Washington on March 11.
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Spiegel Sticks with ‘Project Runway’ Star

07/08/11
Reuters

Followers of bankruptcy, reality television and moderately priced catalogue-to-Internet women’s fashion, have no fear; Spiegel is staying “fierce.”

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The Daily Docket: Dodgers Lose Bid to Depose Selig

07/08/11

A bankruptcy judge blocked the Los Angeles Dodgers from gathering testimony from Major League Baseball Commissioner Bud Selig and from viewing sensitive documents about the league’s handling of other teams’ financial woes. Read the Daily Bankruptcy Review article here.

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Dodgers Fans to Judge: Call McCourt Out

07/07/11
Getty Images
Frank McCourt

A handful of Los Angeles Dodgers fans are imploring Judge Kevin Gross to play umpire and send team owner Frank McCourt packing.

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Seller of Recalled Candle Fuel Burns in Chapter 11

07/07/11

A home-décor distributor that made sold bottled burnable candle fuel has filed for Chapter 11 bankruptcy protection, facing dozens of lawsuits by burn victims.

Georgia-based Napa Home & Garden Inc. sold a clear, slow-burning gel used to fill up decorative fire pots—a summertime staple for outdoor patios and decks—that has been blamed for sending dozens of people to the hospital after they were splattered with flaming gel.

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The Daily Docket: Corus Bankshares Rises From the Ashes

07/07/11

After its liquidation proposal was rejected, Corus Bankshares Inc., an Illinois holding company that had its primary asset–its bank–stripped from it nearly two years ago, reversed course and is poised to pitch creditors on a plan to emerge from bankruptcy. Read the Daily Bankruptcy Review story here.

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Toni Braxton’s Grammys Take Spotlight in Bankruptcy

07/06/11
Associated Press

The organization that hands out Grammy awards to musicians is taking the mic to speak up in

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The Daily Docket: MLB Takes Aim at Dodgers’ Owner

07/06/11

On the heels of the Los Angeles Dodgers’ demanding testimony from Major League Baseball Commissioner Bud Selig and several other executives, the league’s attorneys would like a word with team owner Frank McCourt. Read the Daily Bankruptcy Review story here.

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U.S. Trustee: No Bonus for Last Blockbuster Employee

07/05/11
Reuters

The last employee of Blockbuster Inc. might not see that farewell bonus.

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