WSJcomBankruptcyBeat

Coming and Going Concerns

03/12/15

Jones Day will open a permanent office in Detroit this July. The law firm, which represented the city in its chapter 9 bankruptcy case, will be headed by Timothy J. Melton, David Rutkowski and Jeff Jones. Mr. Melton will be partner in charge, while Mr. Rutkowski and Mr. Jones will serve as administrative partner and head of litigation, respectively.

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Exide’s Stand on Human Bondholders to be Tested

03/12/15

By trade, James Reise is an excavator who works for developers mostly in the suburbs of Washington, D.C. Bankruptcy investing is a sideline, and he’s had some luck with it—until recently.

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The Daily Docket: Standard Register Files for Chapter 11

03/12/15

Standard Register Co . on Thursday filed for chapter 11 bankruptcy-court protection, with a $275 million buyout offer from some of its top-ranking lenders. The Wall Street Journal has the Daily Bankruptcy Review article here.

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The Daily Docket: Energy Future Approved to Pay off up to $750 Million in Debt

03/11/15

Energy Future Holdings Corp. won court permission to pay down as much as $750 million of a $2.15 billion bond issue, a move that will save $66 million in interest this year. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Bankruptcy Lawyers Cheer White House Focus on Student Debt

03/10/15
President Barack Obama signs a Student Aid Bill of Rights in the Oval Office of the White House in Washington, D.C., March 10, 2015.
European Pressphoto Agency
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The Average Student Debt Load in D.C. is a Whopping $40,885

03/10/15

The nation’s student-debt tab has more than doubled since the recession to roughly $1.3 trillion, but the burden varies greatly by state.

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Gigaom Shuts Down, But Won’t File for Bankruptcy

03/10/15

Technology blog Gigaom announced that, unable to pay creditors, it’s discontinuing its operations, but it likely is not filing for bankruptcy.

In a post titled “a brief note about our company,” Gigaom’s management said it’s currently unable to pay creditors that have rights to all of the company’s assets. Gigaom said it doesn’t know what lenders plan to do with the assets, but “the company does not currently intend to file bankruptcy.”

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Cache Gift Cards Expire Early Next Month

03/09/15
A view of a Cache store at The Shops at Columbus Circle in Midtown Manhattan
Sara Randazzo

Women’s dress and formalwear chain Cache officially

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The Daily Docket: Dune Energy Files for Bankruptcy

03/09/15

Dune Energy Inc . filed for bankruptcy protection Sunday after falling oil prices caused a proposed merger with Eos Petro Inc. to fall apart. The Wall Street Journal has the Daily Bankruptcy Review article here.

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