The Daily Docket: WaMu Creditors, Shareholders Continue To Spar

A flurry of briefs hit the docket in Washington Mutual Inc.’s bankruptcy case late Wednesday, as creditors and shareholders prepared for the final round of a duel over the $7 billion payout plan. Read the Daily Bankruptcy Review story here.

Marriott International Inc., which lends its name to the Sawgrass Marriott Resort & Cabana Club, wants permission to take the reins of the resort’s owner’s exit from Chapter 11. Read the Daily Bankruptcy Review Small Cap story here.

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With yields on risky debt are creeping higher, borrowing costs are rising, The Wall Street Journal reports, meaning bankruptcies may rise as companies face a tougher times to refinance billions in obligations.

The court-appointed trustee recovering money for investors cheated by Bernard Madoff sued Abu Dhabi’s sovereign-wealth fund on Thursday seeking $300 million. Read the WSJ story here.

The Jefferson County Commission will meet today to discuss whether or not it will accept a deal with creditors over the county’s massive sewer debt or file for bankruptcy, reports Birmingham’s Fox TV affiliate.

Bankruptcy is still an option for Bank of America’s Countrywide unit, says DealBook.

The Dallas Morning News says Canadian businessman Tom Gaglardi is making progress in his bid to buy the NHL’s Dallas Stars via a prepackaged bankruptcy.

Lawyers for the Philadelphia Orchestra Association and the pension fund of the American Federation of Musicians continue to spar in bankruptcy court over the union’s demand for deeper layers of documentation relating to the orchestra’s $120 million endowment, reports the Philadelphia Inquirer.