The Daily Docket: Bankruptcy Judge Weighs WaMu Plan Arguments

A bankruptcy judge indicated Wednesday that creditors may not have to wait long to find out whether she will confirm Washington Mutual Inc.’s $7 billion Chapter 11 plan. Read the Daily Bankruptcy Review story here.

Premier Trailer Leasing Inc. filed for bankruptcy protection Tuesday with a plan to allow its biggest lender to take over the Texas trucking company’s ownership–a move that would keep its fleet of nearly 11,200 semi-trucks on the road. Read the Daily Bankruptcy Review Small Cap story here.

Colony Capital LLC on Wednesday removed a potential competitor in its bid to foreclose on the Jameson Inn hotel chain by purchasing a slice of Jameson’s debt held by AllianceBernstein Holding LP, according to The Wall Street Journal.

WSJ reports J.P. Morgan Chase & Co. filed a lawsuit against Meritage Homes Inc. earlier this week as the two firms continue to trade fire in the courtroom over a failed housing development in Nevada known as Inspirada.

As Vallejo, Calif., emerges from chapter 9 bankruptcy protection, turnaround pros plot the city’s next chapter, says WSJ.

Weil’s bankruptcy blog takes a look at how the Supreme Court’s Anna Nicole Smith will affect bankruptcy.

Books-A-Million Inc. picks up leases at 14 of Borders Group Inc.’s stores, reports Reuters.