The Daily Docket: Catalyst to Auction Assets

Catalyst Paper Corp. will sell its assets to the highest bidder after the paper and pulp producer failed to bring enough of its creditors on board with its restructuring plan. Read the Daily Bankruptcy Review article here.

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Dow Jones Newswires reports that Lehman Brothers Holdings Inc. confirmed that it would buy the 26.5% stake in the Archstone apartments that it doesn’t already own.

According to The Wall Street Journal, J.P. Morgan Chase & Co.’s unit that made wrong-way bets on corporate credit has a group that put money into struggling companies including LightSquared Inc.

A judge won’t allow American Airlines’ pilots union to follow a shortcut appeals process, the Star-Telegram reports.

Crain’s Detroit Business looks at presidential hopeful Mitt Romney’s role in private equity group Bain Capital and how it affected now-defunct Cambridge Industries Inc.

A bill that would make it easier for small business to go through bankruptcy has advanced, the Providence Journal reports.

Ten law firms—including Jones Day and Dechert LLP—need to account for money they made from Coudert Brothers LLP’s unfinished business, Bloomberg reports.

According to Chicago Public Media, the Chicago Sun-Times’ chairman said he’s not buying the Chicago Tribune.

WSJ looks at how the U.S. Department of Agriculture, which has become an increasing presence in home-mortgage loan originations, acts when trying to collect unpaid mortgage debts.

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