The Daily Docket: JeffCo to Make Smaller Bondholder Payments

Empowered by a recent court ruling, Jefferson County, Ala., leaders are planning to wield their bankruptcy case privileges to squeeze sewer system bondholders who—for nearly half a decade—have squeezed them. Read the Daily Bankruptcy Review article here.

The estate of Lehman Brothers Holdings Inc. is now the owner of a Montana ski and golf resort, after assuming control of the assets of Moonlight Basin Ranch LP. Read the DBR Small Cap article via The Wall Street Journal.

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According to WSJ, Lehman’s estate plans to use $1.33 billion in cash to buy a stake in the Archstone apartments it doesn’t already own, which would block a bid by Sam Zell’s Equity Residential.

According to Bloomberg, regional-flight provider Pinnacle Airlines Corp.’s stock tumbled the most in a month after the company said it might have to file for bankruptcy protection.

Opening bids for the Los Angeles Dodgers are due Monday, and the Los Angeles Times discusses the auction process for the team.

The New York Times profiles financier Marc J. Leder, a chief executive of Sun Capital Partners Inc.

Blacks are twice as likely as whites to file for the more expensive form of consumer bankruptcy, Chapter 13, the New York Times reports. The study referenced by the Times has similar results to a Chicago-area study Bankruptcy Beat reported on last May.

Even though Lake Las Vegas has been out of bankruptcy for over a year, it’s still grappling with its lenders, Fox Business reports.

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