Headlines
Defunct investment bank Lehman Brothers Holdings Inc. said it has agreed to sell $4.22 billion of its general unsecured claims against its brokerage unit Lehman Brothers Inc. for about $1.88 billion, or 45 percent of face value, the Wall Street Journal's Bankruptcy Beat blog reported yesterday. Earlier this month, Lehman said that it had hired Lazard Inc. as an adviser to explore the monetization of its general unsecured claims against the brokerage unit. The...
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Ally Financial Inc., the auto lender majority-owned by the U.S. government, agreed to pay $2.1...
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After two years of budget cuts and further hits from the federal budget sequestration, officials at...
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Rue21 said yesterday that it would sell itself to Apax Partners for about $1.1 billion, including...
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With just over a month left in his second and final term, Los Angeles Mayor Antonio Villaraigosa...
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Estela Martinez was unsuccessful the first time she filed for bankruptcy in 2009, but the Dallas...
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Three senior executives at Steven Cohen’s SAC Capital Advisors LP received subpoenas as part of the...
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Cooper-Booth Wholesale Co., which delivers to convenience stores across the Mid-Atlantic, filed for...
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A bankruptcy lawyer who advertised heavily on Las Vegas television with the catch line, "That's...
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The American Bankruptcy Institute is the largest multi-disciplinary, non-partisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues.The ABI membership includes more than 13,000 attorneys, auctioneers, bankers, judges, lenders, professors, turnaround specialists, accountants and other bankruptcy professionals...More...