Vantage Drilling Wins Bankruptcy Plan Confirmation

Vantage Drilling won confirmation of its chapter 11 bankruptcy-exit plan. Read the Daily Bankruptcy Review article here. The plan will decrease its debt and get it ready to compete in a tougher market than ever.

(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.”)

The first of several “bellwether” cases over General Motors fault ignition switches is underway, and the first plaintiff has taken the stand, DBR reports via The Wall Street Journal.

According to the New York Times, American Apparel rejected a takeover bid led by ousted chief Dov Charney.

The “most hated guy” in the oil patch is getting busier as distress gets worse, Bloomberg reports.

Talks aimed at ending a $7 billion legal fight over Nortel Networks liquidation proceeds are starting, Reuters reports.

The maker of Kendall-Jackson wines is buying up the former headquarters of defunct airline Evergreen International Airlines Inc., Bankruptcy Beat reports.

Bankruptcy Beat has a guest opinion piece on how claims trading affects the bankruptcy system.

Bankruptcy Beat also notes some familiar faces in recent coal-company bankruptcies.

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