WSJcomBankruptcyBeat

Default Rate for U.S. Mining Companies Jumps to Highest in Five-Plus Years

08/04/15
Dan Brenner for The Wall Street Journal

Miners’ debt hole is deepening.

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50 Cent Bankruptcy: By The Numbers

08/04/15
Rapper 50 Cent (R), whose real name is Curtis James Jackson III, exited a New York couurthouse last month after testifying in a sex tape lawsuit.
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Coal Miner Alpha Natural Resources Files For Bankruptcy

08/03/15

Alpha Natural Resources Inc., one of the largest U.S. coal producers, filed for chapter 11 bankruptcy protection on Monday to cut its more than $3 billion debt load, The Wall Street Journal reported. The Bristol, Va., company will likely sell some of its best mines or turn them over to creditors.

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It’s All Relativ(ity)

07/31/15

This week on The Broke and the Beautiful, it’s all Relativity, Teresa Giudice sued her bankruptcy lawyer, and David Cassidy gave a tour of the house he’s putting up for auction.

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Next Week in Bankruptcy

07/31/15

On Tuesday in Manhattan, the trustee unwinding Lehman Brothers Inc. will ask a bankruptcy judge for permission to pay nearly $2 billion to the defunct brokerage’s unsecured creditors, which would be the third such distribution since he paid off the brokerage’s customers.

If approved by Judge Shelley Chapman, that would bring the total amount returned to creditors to more than $8 billion, a recovery of about 35 cents on the dollar. Combined with distributions made to customers, the total amount recovered in the brokerage’s liquidation would be about $114 billion.

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The Examiners on Retail Bankruptcies: Readers Weigh In

07/31/15

This week, the Examiners took up the issue of suffering shoppers in retail bankruptcies. Many said bankruptcy law offers sufficient protections to customers when their favorite stores run into distress, though they acknowledged customers don’t always know how to take advantage of these protections.

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Film Studio Relativity Media Enters Bankruptcy, Plans to Sell Itself at Auction

07/31/15
Ryan Kavanaugh, Relativity Media CEO, takes part in a panel titled “Can Hollywood Speak Chinese?” during the Milken Institute Global Conference in Beverly Hills, Calif., in April.
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Anchorage Group to Lead Bidding on Relativity Media at Bankruptcy Auction

07/30/15

Several of Relativity Media LLC’s largest creditors have joined together in a stalking horse bid for the Hollywood studio that would see the exit of its founder and chief executive, said people familiar with the matter.

Anchorage Capital Group LLC, Luxor Capital Group LP and Falcon Investment Advisors LLC are all part of an offer that will set the minimum floor as bidding for the studio, which on Thursday filed for chapter 11 bankruptcy, begins soon.

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Relativity Media’s Path to Bankruptcy

07/30/15
Ryan Kavanaugh, Relativity Media’s chief executive, in California on April 27.
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