Nearly nine months after it filed
for protection under Chapter 9 of the Bankruptcy Code , a federal bankruptcy
judge last week determined that the
city of Stockton, California has satisfied the requirements of Section 109(c)
of the Bankruptcy Code...
Distressed M&A is the "new normal" in Chapter 11
cases, as noted here
and elsewhere . Two
large media marketing and advertising companies, SuperMedia and Dex One , took the "new normal" to new
extremes last week by filing...
by Ben Feder
Specialty chapter 11 case began in what has become all too typical
fashion. The company, overleveraged and short of cash, had no choice but
to accept a lifeline extended by its second lien secured lender, a private
By nearly any measure, the Chapter 11 cases of Hawker Beechcraft and its affiliates
(the "Debtors") stand as a significant success. The cases began
as a standalone reorganization predicated upon a restructuring support
agreement (the "RSA"...
Atari, Inc., the creator of the primordial video game " Pong ", filed
for Chapter 11 Jan. 21 in the U.S. Bankruptcy Court for the Southern
District of New York. Its parent company, Atari SA, simultaneously sought
bankruptcy protection in...
by Ben Feder
battle in California municipal bankruptcies between bond investors and Calpers ,
the California public employee pension system, began in the Stockton Chapter 9
bankruptcy case and continues unabated in the bankruptcy
case of San...
has seen signs
of revival in its urban core following the near-death experiences of GM and
Chrysler. Unfortunately, its municipal finances remain beaten down by the
city's long and precipitous decline over the past several decades. Labor...