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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

Manhattan Court Gets A New Judge

by admin | Mon, 03/08/2010 - 15:33
Getty Images

The New York bankruptcy bench got a new judge Friday. Shelley C.

The Daily Docket: Bankruptcy For Detroit?

by admin | Mon, 03/08/2010 - 09:24

The city of Detroit warned investors of the risk of bankruptcy as it prepares to sell $250 million of bonds, Bloomberg reports.

Lawsuit Claims Thornburg Dumped Its Bankruptcy Lawyers

by admin | Fri, 03/05/2010 - 16:41

A lawsuit filed by the bankruptcy trustee of Thornburg Mortgage Inc. against the lender’s former top executives and an outside lawyer for secretly using the failed lender’s employees and assets to launch a new company also claims the defendants conspired to oust two prominent law firms that “stood in the way of their scheme.”

Deal Keeps ‘Oprah,’ ‘Wheel’ On Freedom Stations

by admin | Fri, 03/05/2010 - 11:05
Associated Press

“Dr. Phil” fans in Albany, N.Y., “Oprah” lovers in Lansing, Mich., and “Wheel” watchers in Chattanooga, Tenn., can breathe a sigh of relief.

The Daily Docket: Bondholders Sue Over Tribune LBO

by admin | Fri, 03/05/2010 - 09:16

Tribune Co. bondholders have filed a lawsuit to disallow claims by banks that funded the company’s $8.2 billion leveraged buyout, Reuters reports.