The Daily Docket: Detroit Enters Bankruptcy

The city of Detroit filed for Chapter 9 protection in the biggest municipal bankruptcy case in U.S. history, The Wall Street Journal reports.

Waste processor Synagro Technologies Inc. Thursday won court approval to poll creditors on its plan to bail out of financial trouble through a sale to Sweden’s EQT Partners. Read the Daily Bankruptcy Review article here.

OAO Lukoil  has agreed to pay $93 million to settle a lawsuit stemming from the collapse of Getty Petroleum Marketing Inc. The DBR Small Cap article is available here.

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Read more from WSJ about what Chapter 9 bankruptcy means for Detroit.

Detroit’s bankruptcy is setting up a battle among the city’s 100,000 creditors, WSJ reports.

WSJ has more on how Spanish fishing giant Pescanova SA fell down.

According to Law 360 (sub. req.), Arcapita Bank BSC asked a bankruptcy judge to let subsidiary 3PD Inc. sell itself in a deal with $365 million.

LightSquared halted plans to disperse a $2 billion bankruptcy-exit loan to investors, Bloomberg reports.

Moody’s Investors Service upgraded the city of Central Falls, R.I., to B1 from B2, Reuters reports.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa.