Bankruptcy & Restructuring

Ebola Threat Sends Airline CDS Higher, Equity Prices

October 23, 2014

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Share of Single Asset Real Estate Chapter 11 Petitions Dips Slightly in Q3 Year on Year

October 22, 2014

Fifty-five of the 262 Chapter 11 cases filed by businesses with $1 million or more in assets and liabilities in the third quarter were debtors identified as single asset real estate. That represents 21 percent of cases in the quarter. That’s down slightly from the same quarter of 2013 when 84 of 384 Chapter 11 cases from businesses,

Brazilian Businesses Drive Chapter 15 Activity in First Three Quarters

October 15, 2014

Brazilian businesses such as Rede Energia, Petroforte Brasileiro de Petroleo Ltda. and Lupatech accounted for 27 percent of the 22 Chapter 15s filed in the first three quarters of 2014. Canada, which last year was the biggest source of Chapter 15 activity, saw only three such cases filed by companies. The Canadian debtors were Essar Steel, Veris Gold and

Bloomberg Corporate Bankruptcy Index Shows Decline Since Q2

October 8, 2014

This chart was taken from the Bloomberg Brief Bankruptcy & Restructuring Newsletter. To take a complimentary 30 day trial click here. 

Houston Sports Network Proposes Retention Bonuses

October 1, 2014

Houston Regional Sports Network LP is trying to keep workers from quitting even though they’ll all lose their jobs if the business is sold to AT&T Inc. and DirecTV, as proposed in a plan up for approval at hearing beginning tomorrow. The broadcaster of Astros and Rockets games is seeking to pay its

S&P: Nearly 40 Percent of Distressed Issuers Are Rated B-

September 24, 2014

This chart was taken from the Bloomberg Brief Bankruptcy & Restructuring Newsletter. To take a complimentary 30 day trial click here. 

Detroit Appraiser Defends Art Valuation

September 17, 2014

BY STEVEN CHURCH Detroit’s cache of art is worth no more than $867 million, less than creditors claim it could generate to help repay them, an appraiser told a federal judge overseeing the city’s bankruptcy trial. The city’s last remaining major creditor, Financial Guaranty Insurance Co., has attacked the proposal to raise more than $800 million from private

RadioShack’s Future Hinges on Vendor Shipments

September 15, 2014

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N.J. Casinos Suffer as Rivals Win Share of Gaming Revenue

September 10, 2014

Casinos in Atlantic City, New Jersey, have seen their gaming proceeds fall as New York and Pennsylvania have increased their casino gaming proceeds. Of the casinos that remain open in Atlantic City, Borgata has seen the smallest decline. This article was taken from the Bloomberg Brief Bankruptcy & Restructuring Newsletter. To take a complimentary 30 day trial click here.

Comcast Wants Network Papers From AT&T and DirecTV

September 3, 2014

AT&T Inc. and DirecTV, banking on becoming the new owners of Houston Regional Sports Network LP, don’t want to give Comcast Corp. information about their deal with two professional sports teams to buy the network. The Houston network has broadcast rights for games played by the Astros of Major League Baseball and the National