WSJcomBankruptcyBeat

Zohar Funds Turn Up Heat

04/26/16

[wsj-responsive-image P="//art.wsj.net/api/photos/30935767/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/30935767/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/30935767/smartcrop?height=853&width=1280" caption="In this Jan. 16, 2015, photo, Patriarch Partners' Lynn Tilton attends an awards ceremony in Los Angeles. The funds she managed for years are turning up the heat on Patriarch." credit="Associated Press" placement="Inline" suppressEnlarge="false" ]

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Coming and Going Concerns

04/25/16

David Flannery has joined GSO Capital Partners, Blackstone’s global credit investment platform, as a senior managing director. Mr. Flannery, who will be based in New York, most recently worked with Anchorage Capital Group. He has experience in illiquid credit opportunities and collateralized loan obligations, or CLOs.

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SunEdison Investigation Request Delayed

04/25/16

[wsj-responsive-image P="//art.wsj.net/api/photos/37700638/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/37700638/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/37700638/smartcrop?height=853&width=1280" caption="The headquarters of SunEdison is shown in Belmont, Calif." credit="Reuters" placement="Inline" suppressEnlarge="false" ]

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Next Week in Bankruptcy

04/22/16

[wsj-responsive-image P="//si.wsj.net/public/resources/images/BN-NP655_SANBER_P_20160418181909.jpg" J="//si.wsj.net/public/resources/images/BN-NP655_SANBER_J_20160418181909.jpg" M="//si.wsj.net/public/resources/images/BN-NP655_SANBER_M_20160418181909.jpg" credit="Patrick T. Fallon/Bloomberg News" placement="Inline" suppressEnlarge="false" ]

The city of San Bernardino, Calif., could get one step closer on Wednesday to getting out of bankruptcy after nearly four years.

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Solar Power Company SunEdison Enters Bankruptcy

04/22/16

[wsj-responsive-image P="//art.wsj.net/api/photos/37927767/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/37927767/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/37927767/smartcrop?height=853&width=1280" credit="Associated Press" placement="Inline" suppressEnlarge="false" ]

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New Jersey Abortion Clinic Files for Bankruptcy

04/21/16

A New Jersey abortion clinic has filed for bankruptcy after losing a legal battle with several former employees who said they were fired after becoming pregnant.

Pilgrim Medical Center Inc. filed for chapter 11 protection after a judge awarded more than $1 million to three ex-workers who sued the clinic for discrimination.

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New Gulf Wins Approval of Chapter 11 Plan

04/21/16

[wsj-responsive-image P="//art.wsj.net/api/photos/37012992/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/37012992/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/37012992/smartcrop?height=853&width=1280" credit="Associated Press" placement="Inline" suppressEnlarge="false" ]

New Gulf Resources LLC won approval of its chapter 11 plan, which will let it get rid of $590 million in debt. Read the Daily Bankruptcy Review article here.

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Dex Media Plans Chapter 11 Filing

04/20/16

[wsj-responsive-image P="//art.wsj.net/api/photos/37890782/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/37890782/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/37890782/smartcrop?height=853&width=1280" caption="Phone-book publisher Dex Media is planning its third chapter 11 filing in seven years." credit="Associated Press/Robert F. Bukaty" placement="Inline" suppressEnlarge="false" ]

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Colleges Continue to Return Tuition Money in Bankruptcy Fights

04/19/16

[wsj-responsive-image P="//si.wsj.net/public/resources/images/BN-NP848_colleg_P_20160419111258.jpg" J="//si.wsj.net/public/resources/images/BN-NP848_colleg_J_20160419111258.jpg" M="//si.wsj.net/public/resources/images/BN-NP848_colleg_M_20160419111258.jpg" caption="In this May 10, 2014, file photo, a graduate of Northwest Florida State College wears her cap during commencement in Niceville, Fla." credit="Associated Press/Northwest Florida Daily/Nick Tomecek" placement="Inline" suppressEnlarge="false" ]

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Commentary: There Are No Unencumbered Assets in Texas

04/19/16

Six years ago, in an otherwise unremarkable opinion, a court in Texas undermined one of the fundamental concepts embedded in the statute of frauds and deprived unsecured creditors of millions of dollars in value that would otherwise have been available to them. Nobody noticed—until now.

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