Oct 31
Second-lien lenders of bankrupt power station owner La Paloma Generating Co. LLC objected Tuesday in Delaware to a motion from senior lenders to enforce a prepetition intercreditor agreement and direct plan distributions to them. read more
Oct 31
The federal board charged with shoring up Puerto Rico’s finances and restructuring its debts said Tuesday that a revised fiscal recovery plan will be put together over the coming months to account for a new reality in the wake of widespread dev read more
Oct 31
Nutrition supplement chain Vitamin World put off a final approval ruling on its $25 million bankruptcy loan for a third time Tuesday, prompting a caution from lender agent Wells Fargo that a default, and tough decisions, are imminent. read more
Oct 31
Attorneys for MF Global Holdings Ltd. will be spending their winter in the North Atlantic, after a New York federal court on Monday denied the defunct brokerage’s bid to undo a bankruptcy court order that sent a coverage dispute with Allied Wor read more
Oct 31
Telecom giant Avaya Inc. received clearance Tuesday from a New York bankruptcy judge to begin soliciting creditor votes on an updated Chapter 11 reorganization plan that came together with input from groups of creditors during court-ordered mediation read more
