Molycorp Warns of Unpaid Debts if Pushed to Liquidate

Rare-earths miner Molycorp Inc. is pushing for a trimmed-down company that can exit chapter 11 bankruptcy rather than being pushed into a liquidation, saying it would be worth more in the former scenario. 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.”)

Bankruptcy Beat reports on the chapter 11 filing of failed golf channel Back9Network Inc., which received a $2 million offer to buy its smartphone app that maps out more than 35,000 golf courses around the globe.

Smallpox-vaccine maker Siga Technologies Inc. is expected to disclose Tuesday what a lawsuit loss to PharmAthene Inc. means for its future, DBR reports.

An opinion piece in MarketWatch presses for a bankruptcy, rather than a bailout, of Puerto Rico.

Estonian airline Estonia Air was declared bankrupt, the Associated Press reported.

Dave Barry’s year in review includes a tribute to the bankruptcy of former electronics giant RadioShack Corp.

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