WSJcomBankruptcyBeat

Next Week in Bankruptcy

08/07/15

Monday in White Plains, N.Y., Great Atlantic & Pacific Tea Co. will seek court permission to auction off 120 of its stores and close another 25.

The grocer, which filed for its second chapter 11 of the decade last month, is facing opposition to the sales and closures from landlords and the Pension Benefit Guaranty Corp., although most of the objections mention talks with A&P counsel and the probability that small changes will alleviate concerns.

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A&P Faces Opposition on Plan to Quickly Sell and Close Stores

08/07/15

The Pension Benefit Guaranty Corp. is opposing Great Atlantic & Pacific Tea Co.’s plan to quickly sell and close a number of its stores, and so are some landlords. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Relativity CEO Says He Won’t Go Quietly

08/06/15
Bloomberg News

Ryan Kavanaugh, the chief executive of Beverly Hills-based Relativity Media LLC, isn’t holding back in defending his company’s business model and, by ass

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Patriot Mine Workers Challenge Company Over Contract

08/06/15

The union representing mineworkers at Patriot Coal Corp. is challenging the company’s effort to reject a contract. Read the Daily Bankruptcy Review article here.

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50 Cent Reveals Upcoming Album and Financial Details in Questioning

08/05/15
Curtis Jackson III, known as 50 Cent, walks to the Giaimo Federal Building in New Haven, Conn., Wednesday to attend a meeting with creditors. 
Michelle McLoughlin for The Wal
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An American Legion in a Tiny New Mexico Town Could Shut Down

08/05/15

An American Legion outpost in a rural New Mexico town might shut down, facing a bill from a woman who cleaned the social club’s gathering spot for months.

The American Legion Bataan Post 4 in Deming, N.M., which has roughly 200 members, filed for bankruptcy nearly a year ago, unable to afford the legal battle with a deceased member’s wife over her effort to keep the place tidy.

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The Dewey Trial Guide to New York City Dining

08/05/15
Del Frisco’s in Manhattan
The Wall Street Journal

The lawyers and executives at fallen law firm Dewey & LeBoeuf LLP sure knew how to eat.

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Alpha Natural Resources Can Tap Bankruptcy Loan

08/05/15
A Komatsu Ltd. bulldozer dumps coal onto a pile at the Brooks Run Mining Co., owned by Alpha Natural Resources Inc., in Cucumber, W.Va., in January 2011.
Jon C.
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Moody’s Flags Looming Refinancing Risk for Junk Borrowers

08/04/15

Companies loaded down with cheap debt could be in for a tough time refinancing it in coming years, according to a new report by Moody’s Investors Service.

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Puerto Rico Misses $58 Million Bond Payment

08/04/15

Puerto Rico missed most of a $58 million bond payment Monday, marking the first default by the U.S. commonwealth and escalating its attempt to restructure about $72 billion in debt, The Wall Street Journal reported. The payment to bondholders is the first skipped since Gov. Alejandro García Padilla in June said the island’s debts were unsustainable and urged negotiations with creditors, which range from individuals to hedge funds.

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