News Topic: WSJcomBankruptcyBeat

Facing declining enrollment stemming it says from negative publicity about a 2008 foreclosure action, it says, a Brooklyn prep school filed for Chapter 11 bankruptcy Monday. Adelphi Academy of Brooklyn said that it filed for bankruptcy because it’s been ... Read full article

Bloomberg News How did Argentina get to this point? ... Read full article

There will be no more standing ovations at San Jose Repertory Theatre. After 34 years of operation, the nonprofit community theater closed its doors last week and put itself into Chapter 7 bankruptcy. It blamed the move on a drop off in the donations it ... Read full article

LightSquared burned through $59.1 million in May, bringing its total losses to $1.41 billion since Phil Falcone ’s wireless venture filed for bankruptcy in May 2012. Read the Daily Bankruptcy Review article here . ... Read full article

Bloomberg News The U.S. Supreme Court on Monday weighed in on a 13-year dispute between Argentina and investors who own the country’s defaulted bonds, and essentially ruled in favor of the bondholders. Here’s a primer for those who haven’t been following ... Read full article

Scottie Pippen in March 2012 Rick Bowmer/Associated Press Retired basketball star Scottie Pippen didn’t score a slam dunk at the U.S. Supreme Court Monday. ... Read full article

Momentive Performance Materials Inc. will likely revise its restructuring plan outline after a federal bankruptcy watchdog called it “woefully inadequate.” Read the Daily Bankruptcy Review article here . ... Read full article

Owners of a Delaware daycare center whose workers pushed three-year-old boys into a fistfight and then captured the event on a cell phone video can’t use bankruptcy to get out from under a possible damage award, a judge said this week . ... Read full article

This week on The Broke and the Beautiful, a New Orleans celebrity chef put his business ventures in bankruptcy, and the rescuer of Twinkies may be eyeing an NFL creampuff. Also, Alec Baldwin got a key to the city. ... Read full article

A New Orleans chef whose beloved restaurants rode out Hurricane Katrina put a handful of his business ventures into bankruptcy Thursday. ... Read full article

Time & Life Pictures/Getty Image The U.S. Supreme Court ruled that certain money inherited from individual retirement accounts can be taken by creditors to cover the debts of people in bankruptcy proceedings. ... Read full article

On Monday, a bankruptcy judge could clear Platinum Partners Value Arbitrage Fund LP to take over struggling Glacial Energy Holdings Inc. after winning a bankruptcy auction earlier this month. The value of Platinum Partners’ winning offer hasn’t been ... Read full article

A former law partner of Ponzi-scheme operator Scott Rothstein pleaded guilty to a criminal charge this week. With Stuart Rosenfeldt’s guilty plea, to a count of criminal conspiracy, all three name partners of the now-defunct Florida law firm Rothstein ... Read full article

A judge said James River Coal Co. can pay up to $2.7 million in bonuses to its top executives, rejecting a challenge to the payments by the federal government’s bankruptcy watchdog. Read the Daily Bankruptcy Review article via The Wall Street Journal . ... Read full article

Melanie Cohen A Long Island olive importer is asking a bankruptcy judge to decide how much it owes customers for allegedly selling processed olive oil as pure. ... Read full article

The bankruptcy trustee unwinding defunct law firm Dewey & LeBoeuf LLP has brought new allegations against two former Dewey executives in a suit seeking the return of more than $21.8 million the two allegedly were paid as the law firm “fell deeper and ... Read full article

A Minnesota liberal arts college that was once a beneficiary of Tom Petters’s largesse will return $600,000 of the $3 million it received. ... Read full article

The Supreme Court on Monday clarified a prior ruling that effectively limited bankruptcy judges’ powers but left a bigger question unanswered. Law Blog has the Daily Bankruptcy Review article here . ... Read full article