Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bankruptcy & Restructuring

Iowa Gaming Commission, House of Blues Among Top Caesars Unsecured Creditors

January 15, 2015

The Iowa Gaming Commission, which administers laws and rules on wagering at racetracks and gambling boats, is among Caesars’s top unsecured creditors. So is music restaurant chain House of Blues. The Iowa Gaming Commission is owed $42.6 million and House of Blues is owed $13.7 million, court records show. The Iowa Gaming Commission’s claim is in the

Caesars’s Bankruptcy Is Third Largest Active Chapter 11 Bankruptcy Case

January 15, 2015

Caesars Entertainment Operating Co. Inc.’s Chapter 11 bankruptcy listed debt of $19.9 billion, making it the third largest active Chapter 11 case, according to data compiled by Bloomberg LP. The largest active Chapter 11 case is Energy Future Holdings, which filed its court papers in April 2014.Kirkland & Ellis is debtor

Bank of China Among Suntech America’s Unsecureds

January 14, 2015

Bank of China,owed $24,077,is among Suntech America Inc.’s top 10 unsecured creditors, according to bankruptcy court documents.Suntech, a U.S. unit of Suntech Power Holdings Corp., filed for bankruptcy court protection in Delaware on Jan. 12. Suntech Power Holdings was once the world’s largest solar-panel manufacturer. Suntech America was forced to seek bankruptcy due to “a rapid decrease

New York Is Top Ch. 15 Venue in Another Year of Billion-Dollar Filings

January 7, 2015

Thirty Chapter 15 bankruptcy petitions were filed by foreign companies last year, down from 36 in 2013. As reported in yesterday’s edition, the majority of those cases came from Brazilian companies. Below, Bloomberg Brief takes a look at which venues in the U.S. tackled the lion’s share of those petitions as well

Goodrich Petroleum 8.875 Percent 2019 Yields at Fresh High

January 7, 2015

Yields of Goodrich Petroleum Corp. 8.875 percent 2019 bonds rose to a record high of 31.38 percent Monday as oil prices declined. WTI crude oil fell to $48.26 a barrel Tuesday from $50.04 Monday. That’s a low not seen since April 2009. Goodrich Petroleum, based in Houston, Texas, explores, develops, produces and acquires oil and natural gas properties. The

Bankruptcy & Restructuring Podcast-1/6/15

January 6, 2015

What were the biggest Chapter 11s of 2014? What large debtors exited bankruptcy in 2014? Aleks Rozens discusses this and more on Bloomberg Radio. Click here to listen. 

Cengage With $6.5B in Debt Is Top Chapter 11 Debtor to Exit Bankruptcy Court

January 5, 2015

Cengage Learning, a college textbook publisher that filed for court protection in July 2013, was the largest Chapter 11 debtor by liabilities to exit bankruptcy court protection in 2014. Cengage, which exited court protection in March 2014, was the largest Chapter 11 case by liabilities in 2013. The company listed debt of $6.47 billion when it filed in New

Chapter 11 Caseload Down 17 Percent in Dec. 12 Week From Year Ago Pace

December 17, 2014

  Twenty-nine Chapter 11 bankruptcy cases involving assets and liabilities of $1 million or more were filed in the week ended Dec.12, down 17 percent from 35 in the same period a year ago. Chapter 11 petitions are down 28 percent from the week ended Dec.5 when there were 40 such cases. The largest cases in the

Michigan Governor Sets End for Detroit Emergency

December 10, 2014

Michigan Governor Rick Snyder said Detroit’s financial emergency will end when its bankruptcy plan receives final approval and accepted the resignation of Kevyn Orr, the lawyer he appointed to run the city. “Financial conditions of the city will be corrected in a sustainable fashion,” Snyder wrote in a letter to Orr that his

Alek Rozens

Bankruptcy & Restructuring Podcast-12.9.14

December 9, 2014

Aleks Rozens discusses how Bloomberg’s Corporate Bankruptcy Index fell in November from October and a year ago. Click here to listen.