WSJcomBankruptcyBeat

Abuse Victims Say Twin Cities Archdiocese Shielded Assets

05/24/16

[wsj-responsive-image P="//art.wsj.net/api/photos/38210027/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/38210027/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/38210027/smartcrop?height=853&width=1280" caption="In this May 3, 2016 photo, the St. Paul Cathedral is pictured in St. Paul, Minn. It has been nearly three years since Minnesota opened a path for lawsuits by victims of long-ago childhood sexual abuse. The Archdiocese of St.

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Coming and Going Concerns

05/23/16

Timothy Bennett has joined law firm Seyfarth Shaw as senior counsel in the firm’s corporate department. Mr. Bennett focuses on distressed and special situations sectors and has worked with brokerages, hedge funds and banks. He has experience in bankruptcy claims, loan portfolios and interests in liquidating funds. Mr. Bennett earned his law degree from Seton Hall University School of Law.

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Consumer Product Company Phoenix Brands Enters Chapter 11

05/23/16

The company behind brands like Fab laundry detergent and Rit dye, Phoenix Brands LLC, filed for chapter 11 protection to sell its business. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Next Week in Bankruptcy

05/20/16

On Thursday in Richmond, Va., a bankruptcy judge will hold a preliminary hearing on Alpha Natural Resources Inc.’s multibillion-dollar debt-repayment plan.

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Breitburn Energy Wins Approval on Bankruptcy Financing

05/20/16

[wsj-responsive-image P="//art.wsj.net/api/photos/36433807/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/36433807/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/36433807/smartcrop?height=853&width=1280" credit="Agence France-Presse/Getty Images" placement="Inline" suppressEnlarge="false" ]

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50 Cent Nears Bankruptcy End With $23.4 Million Payout Plan

05/19/16

[wsj-responsive-image P="//art.wsj.net/api/photos/37403914/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/37403914/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/37403914/smartcrop?height=853&width=1280" caption="In this Oct. 26, 2015, file photo, Curtis '50 Cent' Jackson arrives at Media's Tribute to African-American Achievements in Television in Beverly Hills, Calif. The rapper got an initial nod form a judge on his bankruptcy plan." credit="Associated Press" placement="Inline" suppressEnlarge="false" ]

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Caesars to Give Bankrupt Operating Unit $4 Billion

05/19/16

[wsj-responsive-image P="//si.wsj.net/public/resources/images/BN-NR439_PE_cae_P_20160422091355.jpg" J="//si.wsj.net/public/resources/images/BN-NR439_PE_cae_J_20160422091355.jpg" M="//si.wsj.net/public/resources/images/BN-NR439_PE_cae_M_20160422091355.jpg"credit=" (Photo by John Moore/Getty Images)" placement="Inline" suppressEnlarge="false" ]

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Silver Buyer Facing Sanctions Is One of Many Layers to Mint’s Bankruptcy

05/18/16

The silver that Jeffrey Mark McMeel bought from Northwest Territorial Mint never arrived to his home in Washington, but the unorthodox method he chose to protect his investment has him facing sanctions in a Seattle courtroom on Friday.

Since Northwest Territorial Mint filed for bankruptcy on April 1, Mr. McMeel filed a set of disconnected documents not based on traditional law but on his own, improvised legal theories.

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McKinsey Disclosures Inadequate, Justice Department Says

05/18/16

[wsj-responsive-image P="//art.wsj.net/api/photos/33346776/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/33346776/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/33346776/smartcrop?height=853&width=1280" caption="A Caterpillar Inc. D10R Crawler Tractor bulldozer moves coal at an Alpha Natural Resources Inc. coal preparation plant in Logan County near Yolyn, W.V. The Justice Department says McKinsey can't advise Alpha." credit="Bloomberg News" placement="Inline" suppressEnlarge="false" ]

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Oil and Gas Company SandRidge Enters Chapter 11

05/17/16

[wsj-responsive-image P="//art.wsj.net/api/photos/37530272/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/37530272/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/37530272/smartcrop?height=853&width=1280"credit="Reuters" placement="Inline" suppressEnlarge="false" ]

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