News Topic: WSJcomBankruptcyBeat

After more than a year in bankruptcy court, the city asked a federal judge Tuesday for the final blessing of its plan to slash $7 billion in debt and get on the road to solvency, The Wall Street Journal reports . ... Read full article

Jacobsen Rugs in downtown Syracuse, N.Y., which has been selling oriental rugs since before the Depression, filed for bankruptcy and plans sell off the more than 2,000 rugs it has left before shutting down for good. And this time, they mean it. In 2011, ... Read full article

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As summer comes to a close and kids head back to school, we thought we’d ask our Examiners to look at an issue close to home: the challenge of juggling family and career. ... Read full article

The nation’s largest municipal-bankruptcy case is set for a showdown trial starting Tuesday, pitting the city’s emergency manager against holdout creditors seeking billions in payouts, The Wall Street Journal reports . ... Read full article

U.S. ... Read full article

Patrick Semansky/Associated Press Kentucky miners who were digging for coal late last year hit an unwelcome surprise: Someone else beat them to it. ... Read full article

Lehman Brothers Holdings Inc. said Thursday that it may seek to sell off some of a multibillion-dollar bankruptcy claim that the failed investment bank holds against its U.S. brokerage arm. The Wall Street Journal has the Daily Bankruptcy Review article ... Read full article

Patricia Hennelly and Wayne Walker have joined advisory firm CohnReznick , which bought an ownership interest in Mr. Walker’s Philadelphia-based consulting firm, Walker Nell Partners. Mr. Walker, appointed as principal, has experience in turnaround ... Read full article

A judge’s ruling Tuesday in the bankruptcy of Momentive Performance Materials Inc. has shaken up the distressed investing world. The decision in favor of the company allows it to force holders of secured bonds to accept repayment in new debt at ... Read full article

A judge Wednesday said most of MF Global Holdings Ltd.’s $1 billion lawsuit against PricewaterhouseCoopers LLP over alleged bad accounting advice can go forward. Read the Daily Bankruptcy Review article here . ... Read full article

The Winklevoss twins, early investors of Hukkster, speak in front of a New York State Department of Financial Services virtual currency hearing in Manhattan on Jan. ... Read full article

Rendering of the Chicago Spire project Shelbourne Development Group Any interest in getting a new Chicago skyscraper off the ground so it can claim the ... Read full article

A Citigroup logo at the offices in New York. European Pressphoto Agency ... Read full article

Momentive Performance Materials Inc. won two key lawsuits Tuesday, but the company fell short of securing court approval for its restructuring plan. The Wall Street Journal has the Daily Bankruptcy Review article here . ... Read full article

A bankruptcy trustee’s allegedly aggressive questioning of a debtor’s English-speaking skills is the subject of a complaint on file with a federal bankruptcy watchdog, a legal publication has reported. The New York Law Journal Monday reported that ... Read full article

Mercator Minerals Ltd. ’s Mineral Park Inc. unit filed for Chapter 11 bankruptcy protection Monday, seeking a buyer for assets that include a producing copper-molybdenum mine near Kingman, Ariz. Ready the Daily Bankruptcy Review article here . ... Read full article

One of the groups of plaintiffs trying to sue General Motor s  Co. over economic losses relating to the massive recall tied to faulty ignition switches is asking the bankruptcy judge to allow its lawsuit to proceed. Read the Daily Bankruptcy Review story ... Read full article