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Barclays aids Detroit with lifeline financing

The city of Detroit had gotten a USD350 million debtor-in-possession financing from Barclays Plc after filing for bankruptcy last July.

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General Motors office

GM Nova Scotia's noteholders hit the jackpot

The noteholders of GM Nova Scotia used a local law loophole to allow its earnings to double from the bankruptcy proceedings.

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MF Global

MF Global Holdings plans to return more client funds

A court-appointed trustee asked a bankruptcy judge to return more funds to MF Global Holdings' clients, said a Reuters report.

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Arcapita rises out of Chapter 11 bankruptcy

The first Gulf region company that would come out of bankruptcy places many Western courts at a quandary on Islamic finance.

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Penthouse publisher files for Chapter 11 protection

The publisher of Penthouse magazine, FriendFinder Networks, filed for Chapter 11 bankruptcy.

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The Lehman Brothers

Lehman Bros Europe to pay creditors full value

After unwinding the most complex bankruptcy case in history, Lehman Bros would be paying out full value to its European creditors.

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To avoid bankruptcy, OGX Petroleo may seek more cash from bondholders

OGX Petroleo, Eike Batista's flagship company, may seek more financial assistance from bondholders to avoid seeking bankruptcy protection.

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Dish Network

Dish Network lawyers seek dismissal of suit filed by Falcone's Harbinger Capital

In documents filed by Dish Network's lawyers, they reiterate the five year ban agreed to by Falcone as well as the lack of evidence as cogent and sufficient reasons for the dismissal of the case filed by Harbinger Capital Partners.

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Edge Products Llc

Edge Products files for Chapter 9 protection

Edge Products filed for bankruptcy, a court filing showed.

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Edge Products

Edge Products seeks bankruptcy protection

Edge Products, the manufacturer of high quality parts for vehicle manufacturers, recently filed for Chapter 11 bankruptcy protection.

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Bankruptcy ends for Kodak

After filing bankruptcy protection last year, Kodak said last Tuesday that it had finally exited bankruptcy.

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Detroit Bankruptcy

Public labor unions ask court to toss out Detroit's bankruptcy filing

Public labor unions asked a US court to throw out Detroit's bankruptcy filing on various grounds.

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Eastman Kodak emerges from bankruptcy and starts afresh

Eastman Kodak was cleared by bankruptcy court to begin the company's restructuring.

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Red Sea

Best Reisen Ltd hits big losses due to Egypt troubles

The leading Hungarian tour company, Best Reisen Ltd announced bankruptcy after big losses on its Egypt and Tunisia tour packages.

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Ally Capital, LLC

Ally's ResCap can still be sued even though bankrupt

Judge Denise Cote ruled that Ally's Residential Capital LLC (ResCap) can still be sued by the Federal Housing Finance Agency despite declaring bankruptcy.

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