News Topic: WSJcomBankruptcyBeat

In the days following Genco Shipping & Trading Ltd. ‘s billion-dollar Chapter 11 filing, investment funds Aurelius Capital Partners and Och-Ziff Capital Management Group bought up stock in the dry bulk shipper, even though the stock is slated to be ... Read full article

Monday, the historic Nortel Networks Corp. cross-border bankruptcy trial will begin in Wilmington, Del., and Toronto. Judges will decide how to divvy up $7.3 billion from the sale of patents and other assets between Nortel divisions in Canada, the United ... Read full article

This week on The Broke and the Beautiful, actor Mekhi Phifer is in bankruptcy, and legislators investigating the collapse of Curt Schilling’s videogame company are getting threatening letters. Also, “Real Housewife” Teresa Giudice got some good news. ... Read full article

A judge on Thursday said some of Dish Network Corp. Chairman Charlie Ergen’s nearly $1 billion in claims in the wireless venture’s bankruptcy case will be subordinated below those of other creditors. However, in a separate ruling, she refused to approve ... Read full article

Scott D. Fink has become the new business unit leader of Weltman, Weinberg & Reis Co.’s bankruptcy group. Mr. Fink, who’s been with the firm for more than nine years, is a managing partner and works on both consumer and commercial bankruptcy cases. He ... Read full article

A closed Tennessee defense contractor that trained U.S. military personnel to use aerial drones—and supplied one to filmmakers for “ Captain Phillips ,” which starred Tom Hanks—has filed for bankruptcy with a plan to revive itself. ... Read full article

In this June 9, 2010 file photo, Kim Rothstein leaves federal court in Fort Lauderdale, Fla. Alan Diaz/Associated Press Attempting to hide jewelry from the authoriti ... Read full article

The TXU Monticello Steam Electric Station power plant near Mt. Pleasant, Texas, in February 2007. Reuters Energy Future Holdings Corp. ... Read full article

It’s often said in legal circles that the best settlements leave both sides equally unhappy. But a deal reached this week requiring former partners to contribute $4.2 million to Howrey LLP’s bankruptcy estate has one side cheering jubilantly and the other ... Read full article

A bankruptcy judge Tuesday rebuffed TelexFree LLC’s efforts to keep its Chapter 11 proceedings out of Massachusetts, where most of the company’s assets and operations are based. The Daily Bankruptcy Review article is available here . ... Read full article

Phil Falcone, the head of Harbinger Capital Partners, which owns LightSquared, arrives at the U.S. ... Read full article

Retailer Calumet Photographic, whose abrupt shuttering this year shocked photography pros and enthusiasts, is under new ownership. ... Read full article

In less than a week, Nortel Networks ’ U.S., Canadian and European divisions will launch a courtroom contest over $7.3 billion in cash, a massive, innovative, cross-border six-week trial that will test…well, something. ... Read full article

LightSquared’s reorganization plan gives too much to value to the wireless venture’s top shareholder,  Philip Falcone , and shouldn’t be approved, a lawyer for Dish Network Corp.  Chairman Charlie Ergen said Monday. Read the Daily Bankruptcy Review ... Read full article

The nation’s largest lawyers’ organization is taking a stand on a client’s right to choose. The right to choose counsel, that is. ... Read full article

Associated Press For many people, Lehman Brothers Holdings Inc. died in the early hours of Monday, Sept. 15, 2008, when the Wall Street firm filed for bankruptcy . ... Read full article

GSE Environmental Inc. placed its North American operations under Chapter 11 bankruptcy protection on Sunday, with a plan to hand them off to secured lenders. Read the Daily Bankruptcy Review article in The Wall Street Journal . ... Read full article

Energy Future Holdings’ bid to restructure some $42 billion in debt under bankruptcy protection isn’t just the biggest busted LBO in history. It’s also something of a full employment act for bankruptcy lawyers, especially now that cracks are showing in ... Read full article