The Daily Docket: For Restructuring Pros, ‘Debtmageddon’ Par for the...

For restructuring professionals accustomed to downgrades and deadlines, “debtmageddon” was just another day at the office. Read the Daily Bankruptcy Review story here.

Bondholders of Waste2Energy Holdings Inc. are trying to force the South Carolina-based recycling technology provider into bankruptcy and have asked the court to appoint an independent trustee to take over its operations. Read the Daily Bankruptcy Review Small Cap story here.

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The court-appointed trustee overseeing the liquidation of Lehman Brothers Holdings Inc.’s U.S. brokerage business said Tuesday that the business hopes to begin paying back some of its creditors by year’s end, even as the trustee acknowledged that the process has largely entered a “litigation phase.” Read DBR’s Joe Checkler in the Wall Street Journal.

Agura Bokujo, a Japanese cattle farm business operating nationwide, has filed for bankruptcy blaming the crisis at Fukushima that it says prompted a rise in cancelled contracts after detection of radioactive contamination of beef, The Nikkei reports.

Jefferson County should have an answer by Thursday from creditors it’s asking to write off $1.17 billion of the county’s $3.14 billion sewer debt and put up most of the cash for relief fund, the Birmingham News reports.

Former Oakland Raiders punter Ray Guy sold his three Super Bowl championship rings for $96,216 at auction to help pay off his debts as part of a bankruptcy case, Bloomberg reports.

Chapman University and the Roman Catholic Diocese of Orange appear to be the front-runners to buy the bankrupt Crystal Cathedral, but if church insiders vote to block the sale of the property, creditors vow to sue, according to the Los Angeles Times.