The Daily Docket: LDK Solar Files for Chapter 11

LDK Solar  USA filed for Chapter 11 protection Tuesday to implement a debt-restructuring agreement with senior bondholders owed about $295 million. Read the Daily Bankruptcy Review article here.

(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.”)

Texas entrepreneur Samuel E. Wyly filed for Chapter 11 bankruptcy protection on Sunday, weeks after a judge ordered him to pay several hundred million dollars in a civil fraud case. Read the DBR article in The Wall Street Journal.

A real-estate developer who invested with Bernard Madoff agreed to return $32.75 million in cash and surrender $29.35 million in claims against the convicted Ponzi-scheme operator’s investment firm under a new settlement, DBR reports in WSJ.

Detroit’s bankruptcy ruling is coming in the first week of November, the Detroit Free Press reports.

According to the Associated Press, Trump Entertainment is refusing to strip the Trump name from the company’s lone casino, the Taj Mahal, and Donald Trump is fighting it.

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