Lenders to Alpha Natural Offer $500 for Coal Assets

Alpha Natural Resources Inc. lenders have offered a $500 credit bid, or the exchanging of debt for assets in the company, to help get it out of bankruptcy. The Wall Street Journal has 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 http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

MF Global’s liquidation, which began on Halloween in 2011, is finally ending, DBR reports via WSJ.

DealBook looks at companies in the oil patch facing a vast reckoning over too much debt.

Anglo Pacific Coal Ltd.’s Nathan Tinkler, a former Australian coal baron, resigned as chief executive after getting declared bankrupt and losing a battle over money he owed form the sale of a luxury jet, Reuters reports.

The Hill has an editorial on why it thinks bankruptcy is wrong for Puerto Rico.

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