The Daily Docket: Global Aviation Enters Bankruptcy

Global Aviation Holdings Inc., which says it is the largest commercial provider of airlift transport services for the U.S. military, filed for Chapter 11 bankruptcy protection Sunday. Read the Daily Bankruptcy Review article here.

The biggest lender behind the Hooters Casino Hotel offered $60 million for the financially struggling attraction located just off the Las Vegas Strip. And at an upcoming bankruptcy auction, the casino’s owner will see if anyone wants to raise. Click here to read the article in DBR Small Cap.

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According to Reuters, MF Global Holdings Ltd.’s failure paved the way for the success of firms left with the bulk of MF Global’s customer accounts.

The government of France and two state-controlled entities are close to making a new municipal lender from Dexia SA’s remains, The Wall Street Journal reports.

According to Dow Jones Newswires, the Los Angeles Dodgers are trying to disallow a claim filed by injured San Francisco Giants fan Brian Stow, who was brutally beaten on Opening Day last year.

Three years after bankruptcy, General Motors Co. wants to make more than $10 billion per year, WSJ reports.

The New York Times profiles Florida businessman Nye Lavalle, who sought to “blow the whistle” on the mortgage game before the housing bust. In the piece, bankruptcy Judge Robert Drain said the mortgage industry’s failure to deal with bad documentation was “the greatest failure of lawyering in the last 50 years.”

U.S. hedge funds have been capitalizing on Lehman Brothers Holdings Inc.’s collapse, the Telegraph reports.

According to the Las Vegas Review-Journal, the Las Vegas Monorail has filed a new bankruptcy-exit plan to get it back on track.

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