The Daily Docket: Hawker Enters Bankruptcy

Aircraft manufacturer Hawker Beechcraft Inc. sought bankruptcy protection Thursday, after striking a deal with creditors to swap some $2 billion in debt for control of the reorganized company. Read the Daily Bankruptcy Review article via The Wall Street Journal.

The trustee unwinding MF Global Holdings Ltd.’s brokerage said Thursday that it has filed suit in the U.K. over $700 million in disputed customer assets, setting up a fight with the company’s U.K. administrator, KPMG LLP. Read the DBR article here.

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Investors in more than $700 million in gas bonds linked to the Lehman Brothers Holdings Inc. bankruptcy got 49 cents on the dollar last month, Reuters reports.

Some lawmakers are rethinking whether the government should rewrite bankruptcy laws to help ease the burden of student debt, WSJ reports.

Dewey & LeBoeuf LLP’s vice chairman, Morton Pierce, is leaving for a rival firm, WSJ reports.

Hutchison Whampoa Ltd. bid about $2.6 billion for Irish phone company Eircom Group, Bloomberg reports.

The Economist looks at the possible bankruptcy of Rhode Island’s struggling capital of Providence.

According to WSJ, bank regulators are turning up the heat to reduce risk in the triparty repo market, which is where a lot of big institutions get funding for trading businesses.

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