WSJcomBankruptcyBeat

Tilton’s Challenge to SEC Suit Denied by Appeals Court

06/02/16

[wsj-responsive-image P="//art.wsj.net/api/photos/31690525/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/31690525/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/31690525/smartcrop?height=853&width=1280" caption="New York financier Lynn Tilton speaks with her attorneys after her hearing at the U.S. District courthouse in New York, May 11, 2015. A lawyer for Tilton urged a U.S. judge on Monday to block the U.S. Securities and Exchange Commission from trying her before an administrative judge for defrauding investors.

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Linc USA Files for Chapter 11 Bankruptcy Protection

06/01/16

[wsj-responsive-image P="//art.wsj.net/api/photos/37649013/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/37649013/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/37649013/smartcrop?height=853&width=1280" credit="Reuters" placement="Inline" suppressEnlarge="false" ]

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Denver Broncos Look to Take Sports Authority Name Off Mile High

05/31/16

[wsj-responsive-image P="//si.wsj.net/public/resources/images/BN-OG366_milehi_P_20160531125300.jpg" J="//si.wsj.net/public/resources/images/BN-OG366_milehi_J_20160531125300.jpg" M="//si.wsj.net/public/resources/images/BN-OG366_milehi_M_20160531125300.jpg" caption="The demise of Sports Authority has reignited a fight in Colorado over the future of the Denver Broncos' stadium, a place long tied to the city's identity. (AP Photo/David Zalubowski)" credit="Associated Press" placement="Inline" suppressEnlarge="false" ]

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Specialty Chemical Maker Vertellus Enters Bankruptcy

05/31/16

Chemical manufacturer Vertellus Specialties Inc. filed for chapter 11 protection and is planning to auction its business. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Next Week in Bankruptcy

05/27/16

Texas’s Goodrich Petroleum Corp. will ask a judge in Houston on Tuesday to sign off on its bankruptcy-exit plan, one of the final steps in concluding the oil and gas producer’s bankruptcy case.

Houston-based Goodrich, which sought bankruptcy protection after seeking to cut its debt as oil prices continued to tumble, will ask for approval of a deal that would erase $400 million in debt from its books through a swap with a group of investors that own bonds that the company issued last year.

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Twin Cities Archdiocese Puts Forth New Bankruptcy Plan

05/27/16

[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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Diocese of Duluth, Abuse Victims to Enter Mediation in July

05/26/16

[wsj-responsive-image P="//art.wsj.net/api/photos/35478770/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/35478770/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/35478770/smartcrop?height=853&width=1280" caption="This photo shows the Cathedral of Our Lady of the Rosary in Duluth, Minn., Monday, Dec. 7, 2015. A bankruptcy judge ordered the diocese into mediation with abuse victims." credit="Associated Press" placement="Inline" suppressEnlarge="false" ]

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Alvarez & Marsal Turns up Heat on Zohar Funds Creator Tilton

05/26/16

[wsj-responsive-image P="//art.wsj.net/api/photos/31690525/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/31690525/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/31690525/smartcrop?height=853&width=1280" caption="New York financier Lynn Tilton speaks with her attorneys after her hearing at the U.S. District courthouse in New York, May 11, 2015. Alvarez & Marsal is seeking more information on the Zohar investment vehicle she founded.. " credit="Reuters" placement="Inline" suppressEnlarge="false" ]

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Sports Authority Closing Sales to Begin as Soon as This Week

05/25/16

[wsj-responsive-image P="//si.wsj.net/public/resources/images/BN-OB130_0517sp_P_20160517084321.jpg" J="//si.wsj.net/public/resources/images/BN-OB130_0517sp_J_20160517084321.jpg" M="//si.wsj.net/public/resources/images/BN-OB130_0517sp_M_20160517084321.jpg" credit="Getty Images" placement="Inline" suppressEnlarge="false" ]

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Commentary: Municipal Bankruptcy, Atlantic City and Other Games of Chance

05/24/16

Atlantic City, N.J., is in the midst of a financial crisis that has been in the making for years. Increased competition and a host of unfortunate spending and hiring decisions have led to a state of affairs that currently features the nation’s highest home foreclosure rate, junk bond credit status an alarmingly large budget deficit. More recently, public officials have fought whether schools should be funded at the expense of shutting down city government, or vice versa, as if either would be an acceptable outcome.

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