The Daily Docket: MF Global Enters Chapter 11

Brokerage firm MF Global filed for Chapter 11 protection Monday. The Wall Street Journal has details regarding a deal the company was negotiating Sunday to sell its assets to Interactive Brokers Group, said a person familiar with the matter.

A Nevada bankruptcy judge approved the Chapter 11 exit plan for a failed Las Vegas real estate development dubbed Inspirada that calls for a group of home builders to pay the project’s lenders $335 million to settle legal trouble related to the venture. Read the Daily Bankruptcy Review article here.

Massachusetts-based Beacon Power Corp. filed for bankruptcy Sunday after running out of money trying to build its first energy-storage project outside Albany, N.Y. Click here to read the article in DBR Small Cap.

(The Daily Bankruptcy Review and DBR Small Cap are daily newsletters with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial to DBR, click here. For DBR SC, click here.)

The New York Times profiles Ruth Madoff, who stayed with husband Bernard Madoff for nearly two years after he confessed to running the biggest Ponzi scheme ever. Click here to watch the CBS interview via DealBook.

Eastman Kodak Co. is reporting its earnings this week, and investors are looking for cash, not profit, WSJ reports.

Japanese lender Takefuji said its debtholders approved a restrucuting plan, Reuters reports.

The two companies planning to buy Saab Automobile want to make the company profitable by 2014, according to WSJ. They plan to invest about 20 billion Chinese yuan ($3.14 billion) over the next few years while cutting jobs and costs.

Also according to WSJ, it’s expected that Tokyo Electric power Co. will get some financial help from the Japanese government this week so the company can keep operating.

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