WSJcomBankruptcyBeat

Next Week in Bankruptcy

08/28/15

Next week in bankruptcy, Patriot Coal Corp. will kick off a series of hearings on Monday, including a request to sell off its remaining mines and a trial over its bid to reject the labor agreements governing its union members.

Patriot has asked Judge Keith Phillips of the U.S. Bankruptcy Court in Richmond, Va., for permission to terminate a union contract that includes pension contributions and health benefits for its union miner retirees.

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Creditors Squeeze the Last Drop Out of Oil-and-Gas Companies

08/28/15
Bloomberg

Cash-starved oil-and-gas companies are getting a lot of mileage out of their assets these days.

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Caesars Ruling Paves Way for Trial

08/28/15

A judge’s ruling Thursday paves the way for a trial in a lawsuit over Caesars Entertainment Corp.’s debt guarantees of its operating unit in bankruptcy, Caesars Entertainment Operating Co., Daily Bankruptcy Review reports via The Wall Street Journal.

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The Case of the Missing Bodybuilding Shake Ingredients

08/27/15

The top executive at Ultimate Nutrition Inc., which makes protein powder for bodybuilders, says he destroyed millions of dollars of the shake supplement ingredients and other raw materials before putting the company into bankruptcy last year.

Executives at TD Bank N.A., which has been fighting the Connecticut company over a $13 million loan, don’t believe it.

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Corinthian Wins Liquidation Plan Approval

08/27/15

Defunct for-profit educator Corinthian Colleges Inc. won approval of a liquidation plan that will set aside some money for former students looking to discharge of loans, Daily Bankruptcy Review reports via The Wall Street Journal.

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Apache Railway Faces Nov. 30 Payment Deadline

08/26/15

Supporters of the bankrupt Apache Railway in rural Arizona face a Nov. 30 deadline to find $7.2 million to pay off investors who they say will pull the railroad’s steel tracks out of the ground and sell them for scrap.

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USA Discounters Enters Bankruptcy to Wind Down

08/26/15

Retailer USA Discounters Ltd., which has been accused of misleading U.S. service members, filed for chapter 11 bankruptcy protection to wind down, Daily Bankruptcy Review reports via The Wall Street Journal.

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Junk Bond Market Says This Correction Is Different from 2008

08/25/15
Getty Images

On Monday, bond investors may have said we-told-you-so, but they also tacitly gave investors

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Relativity Media Faces Pushback on Sale Hearing Timeline

08/25/15

An affiliate of Elliott Management wants to delay Relativity Media LLC ‘s sale hearing, Daily Bankruptcy Review reports via The Wall Street Journal.

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Judge Upholds Judgment Against Rennert and Renco

08/24/15

A judge upheld a multimillion-dollar judgment against Renco Group and leader Ira Rennert, Daily Bankruptcy Review reports via The Wall Street Journal.

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