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Aronson Says ‘Easy Money’ Coming To An End

by admin | Thu, 03/11/2010 - 10:22
Reuters

As the economy shows signs of emerging from the doldrums, the “easy money” for distressed investors may be over, warned Jeffery H.

The Daily Docket: More Distress On The Horizon?

by admin | Thu, 03/11/2010 - 07:43

Distressed investors and bankruptcy professionals say they see more corporate wreckage and investing opportunities on the horizon despite a nascent economic recovery that comes on the heels of some of the biggest business failures on record. Read the Daily Bankruptcy Review story here.

Resolution But No Solution?

by admin | Wed, 03/10/2010 - 17:53

The idea of a special resolution authority for companies deemed too big to fail was given a thumbs-down by bankruptcy experts speaking Wednesday at the DBR Summit in New York.

Prosecutors Bring Bankruptcy Fraud Charges Against Hecker

by admin | Wed, 03/10/2010 - 14:58
ZUMA Press
Denny Hecker

If Denny Hecker wasn’t regretting the recent loss of his criminal defense team, he surely is now.

Experts: Sitcom Logic Won’t Work in Distressed Companies

by admin | Wed, 03/10/2010 - 11:50

Managers at distressed companies too often borrow a page from the playbook of “The Office’s” Michael Scott and are looking for distractions rather than facing reality, said experts who spoke Wednesday at the Daily Bankruptcy Review Restructuring and Turnaround Summit in New York.

The Daily Docket: Freedom Wins OK on Chapter 11 Plan

by admin | Wed, 03/10/2010 - 09:36

Freedom Communications Inc. on Tuesday won confirmation of a Chapter 11 plan that gives the company to banks and offers hope to former newspaper carriers whose wage law violation settlement was in danger of being wiped out in bankruptcy court. Read the Daily Bankruptcy Review story here.

Lenny Dykstra Wants Bankruptcy Case Dismissed

by admin | Tue, 03/09/2010 - 13:57
Associated Press

Former baseball star Lenny Dykstra, who filed for Chapter 11 protection last July, now wants a bankruptcy judge to dismiss his case, claiming he does

Justice Department Stays Out Of Rubashkin Case

by admin | Tue, 03/09/2010 - 12:47
Associated Press
Sholom Rubashkin

The U.S.

The Daily Docket: More Creditors Back General Growth Plan

by admin | Tue, 03/09/2010 - 08:48

General Growth Properties Inc. has lined up nearly $4 billion in commitments from creditors Fairholme Capital Management and Pershing Square Capital Management LP to help fund its exit from bankruptcy protection, The Wall Street Journal reports.

Hecker’s Defense Attorneys Resign

by admin | Mon, 03/08/2010 - 17:47
ZUMA Press
Denny Hecker

Defense lawyers for Denny Hecker - the man who’s been accused of defrauding lenders out of millions of dollars to fund his lavish lifestyle - have res