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WaMu Bank Bondholders Settle For $335 Million

SEATTLE - (AP) A group of Washington Mutual creditors have signed on to a settlement that pushes the bank's reorganization plan a step closer to approval. Washington Mutual Bank bondholders agreed to a $335 million settlement, according to an amended reorganization plan filed Wednesday with U.S....

U.S. Supreme Court Considers Rights Of Secured Creditors In Chapter 11 Bankruptcy

WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on April 23 heard oral arguments in a dispute between a Chapter 11 debtor company and a creditor bank as to whether a secured creditor is permitted to credit-bid while the debtor company's collateral is being sold as part of the reorganization...