Bloomberg | Brief » Bankruptcy & Restructuring

ResCap Probe of Ally May Alter Creditor Talks

Bloomberg Brief — Mon, 13 May 2013 17:57:12 +0000

An investigative report on Ally Financial Inc.’s relationship with its bankrupt mortgage arm, Residential Capital LLC, may affect settlement talks between the companies and creditors who blame Ally for $25 billion in potential claims.

The court-ordered report, due today, will examine allegations that Ally exerted so much influence over ResCap that the auto lender can be forced to pay its unit’s unsecured debts.

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Bloomberg Brief Bankruptcy Index

Bloomberg Brief — Wed, 08 May 2013 12:45:34 +0000

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Loan Trading Hits Two-Year High

jcrombie8 — Fri, 26 Apr 2013 18:36:38 +0000

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Corporate Bankruptcies on the Decline

Bloomberg Brief — Thu, 25 Apr 2013 14:20:18 +0000

Sears at Risk With Lampert at Helm: Gimme Credit

jcrombie8 — Mon, 22 Apr 2013 19:52:46 +0000

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FDIC Rule Changes Slow CLO Spread Compression

jcrombie8 — Fri, 12 Apr 2013 14:23:25 +0000

The introduction of new FDIC regulations has slowed the tightening of spreads on Triple A rated tranches of U.S. CLOs backed by widely syndicated loans. Once investors digest the changes and recent supply is absorbed, the market may tighten to its lowest since 2008.

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Rotech Healthcare Files Chapter 11 in Delaware

Bloomberg Brief — Tue, 09 Apr 2013 13:29:27 +0000

Rotech Healthcare Inc., a provider of home respiratory products, filed for bankruptcy saying its plan to cut debt by about half and reorganize is supported by a majority of its noteholders.

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Bloomberg Brief Bankruptcy & Restructuring

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Soros Fund to Buy Conexant in Prepackaged Bankruptcy

arozens — Thu, 28 Feb 2013 20:28:42 +0000

Conexant Systems Inc was acquired in April 2011 by Golden Gate Capital for $282. million for $282.2 million and will be sold to an affiliate of Soros Fund Management in exchange for debt under a prepackaged Chapter 11 reorganization begun early Thursday morning in Delaware.

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KKR May Extend Energy Future’s Agony for Edge

arozens — Thu, 28 Feb 2013 20:21:21 +0000

The deteriorating finances of the largest leveraged buyout in history is exposing the increasingly diverging interests of its private-equity owners led by KKR & C0. and TPG Capital and the secured lenders who helped finance the $48 billion deal in 2007.

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Municipal Debt Default Risk at 18-Month Low

Bloomberg Brief — Mon, 04 Feb 2013 14:55:49 +0000

Investor confidence in U.S. municipal debt is the highest since 2011, signaling more gains with local governments showing the fewest defaults since at least 2009 while revenue recovers to prerecession levels.

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