RadioShack Nears Final Reckoning in Bankruptcy

06/22/15
Sale signs greet customers walking to the RadioShack at Valley View Plaza in Marion, Ind., on Friday, Feb. 20, 2015. The store is among the Central Indiana Radio Shacks slated to close in the wake of the company’s Feb. 5 bankruptcy filing. (AP Photo/The Chronicle-Tribune, Jeff Morehead) Published Credit: The Chronicle-Tribune/Associated Press
The Chronicle-Tribune/Associated Press

Bankruptcy lawyers are counting the take from the liquidation of the former RadioShack Corp., getting closer to final figures on the damage from the retailer’s collapse while fending off a bid to push them out of the case in favor of a trustee. 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.”)

According to WSJ, the Supreme Court won’t consider Bernard Madoff trustee Irving Picard’s bid to claw back money from hundreds of investors who made money off Mr. Madoff’s Ponzi scheme.

One of convicted Mr. Madoff’s former investors will receive at least $58 million under a new settlement announced Friday, DBR reports in WSJ.

Reuters reports that Brazil’s OAS SA revealed a restructuring scheme, the engineering and construction company’s latest step to try to avoid bankruptcy.

According to the Associated Press, Italy’s Parma soccer club will start playing in the amateur league.

According to the Associated Press, leaders of Mid-Continent University plan to put the bankrupt Kentucky school up for sale.

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

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