The Daily Docket: Judge Holds Off Approving MF Global Payment

MF Global’s creditors, who have waited nearly three years to get paid, will have to wait a little longer after a bankruptcy judge Monday held off approving its bid to repay them $295 million. Read the Daily Bankruptcy Review article in The Wall Street Journal.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit our homepage, scroll to the bottom and click “try for free.”)

A federal judge’s recent ruling blocking Medicaid officials from cutting off a struggling nursing home could help troubled health-care facilities survive using bankruptcy, according to restructuring professionals. WSJ has the DBR article here.

The smooth ride for hedge funds holding certain claims tied to Lehman Brothers Holding Inc. hit a speed bump last month as a court ruling brought hedge funds their first losses, DBR reports via WSJ.

Read the DBR update on the bankruptcy of ITR Concession Co., the operator of the Indiana Toll Road.

Detroit residents testified Monday on the city’s water shutoffs, WSJ reports.

Standard & Poor’s cut Atlantic City to BBB+ from A- amid the wave of casino closings in the struggling city, Bloomberg reports.

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