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  • CHICAGO, Jan 27- The Chicago Public Schools postponed Wednesday's planned $875 million bond sale that became tainted by bankruptcy talk for the financially ailing district. Carole Brown, the city of Chicago's chief financial officer, said the delay will give investors more time to evaluate the district's credit and the structure and terms of the "junk"- rated...

  • WILMINGTON, Del, Jan 26- Verso Corp, a leading U.S. producer of printing and specialty papers, filed for Chapter 11 bankruptcy on Tuesday to cut its debt as demand for its products has waned with the growth of electronic media and cheaper imports. The company said the bankruptcy would have virtually no impact on its daily operations, and it is seeking to borrow up to...

  • Leading U.S. paper company Verso files for bankruptcy Tuesday, 26 Jan 2016 | 10:42 AM ET

    WILMINGTON, Del, Jan 26- Verso Corp, a leading U.S. producer of printing and specialty papers, filed for Chapter 11 bankruptcy on Tuesday to cut its debt in the face of falling demand for catalogs and magazines and cheaper imports. Verso, which is controlled by private equity firm Apollo Global Management, plans to seek approval for a plan that would shed $2.4 billion...

  • NEW YORK, Jan 22- The Association of Financial Guaranty Insurers said on Friday that granting bankruptcy protections to the government of Puerto Rico, which is struggling to pay its debts, would jeopardize its ability to reach a consensual debt restructuring. While pointing out that Lew did not explicitly join Puerto Rico's call for bankruptcy protection,...

  • Why banks won't cut off energy's 'drunken sailors' Friday, 22 Jan 2016 | 11:36 AM ET
    Oil workers using chain to position drill on drilling platform.

    Banks are raising red flags about energy loans on their books, but they may be unable to bring down the hammer on drillers.

  • WILMINGTON, Del., Jan 21- A U.S. judge will rule on Monday on a plan to bring teen retailer American Apparel out of bankruptcy under the control of hedge funds or give former chief executive Dov Charney a chance to finance a competing plan. American Apparel Inc filed for bankruptcy in October and last month Charney and two investment funds presented a competing...

  • WILMINGTON, Del., Jan 21- Dov Charney, the founder of American Apparel, told a U.S. judge on Thursday the board threatened "character assassination" if he fought his removal as chief executive in 2014, in testimony that could determine control of the bankrupt teen retailer. American Apparel wants Bankruptcy Judge Brendan Shannon in Wilmington, Delaware, to approve...

  • VIENNA, Jan 21- The Austrian province of Carinthia edged closer to insolvency on Thursday after a blocking minority of creditors rejected the region's attempt to buy back corporate bonds for less than the amount it had guaranteed. The region announced a 7.8 billion euro plan on Wednesday to buy back senior bonds at a 25 percent discount, backed by a 1.2 billion...

  • "I had made a mistake in denying the motion," Sontchi said, adding the matter would go forward at a hearing on Friday morning in Bankruptcy Court in Delaware. Concerned about leaks from confidential mediation in Molycorp's Chapter 11 bankruptcy, Sontchi last week ordered 123 people to disclose their contacts with Bloomberg reporters over the prior 60 days.

  • CHICAGO, Jan 20- A U.S. judge on Wednesday opened the door to dismissing the $18 billion Caesars bankruptcy case unless parties find a way to make public results of a probe into whether the casino operator transferred its most profitable properties to new owners before filing to reorganize under Chapter 11.. Bankruptcy Judge Benjamin Goldgar said he might...

  • Atlantic City warns of possible bankruptcy Wednesday, 20 Jan 2016 | 7:00 AM ET
    Atlantic City warns of possible bankruptcy

    Mayor Don Guardian says the gambling hub may have to declare bankruptcy if the state cannot come up with the funding needed.

  • WILMINGTON, Del., Jan 19- A U.S. judge denied on Tuesday a request by media company Bloomberg LP to stay an order requiring more than 100 people to disclose information they shared with its reporters about a bankrupt mining company, which Bloomberg said inhibits its free speech rights. Last week, Sontchi ordered 123 people to disclose by the end of Tuesday their...

  • Nortel Networks talks aim to end $7 bln legal fight Thursday, 14 Jan 2016 | 4:29 PM ET

    The money has been sitting in a New York bank account since Nortel Networks global businesses were sold piecemeal after the Ontario- based company filed for bankruptcy exactly seven years ago. The talks on Thursday in New York include representatives from former Nortel operations in the United States, Canada and Europe, according to two sources who declined...

  • Bankruptcy warning signs Thursday, 14 Jan 2016 | 2:16 PM ET
    Bankruptcy warning signs

    Anatomy of a bankruptcy: The Arch Coal example. CNBC's Michelle Caruso-Cabrera explains.

  • Commodities... anatomy of a bankruptcy Thursday, 14 Jan 2016 | 6:26 AM ET
    Commodities... anatomy of a bankruptcy

    CNBC's Michelle Caruso-Cabrera takes a look back at lessons learned from past bankruptcies in oil and other commodity companies.

  • UPDATE 1-Gun maker Colt says it has exited bankruptcy Wednesday, 13 Jan 2016 | 7:13 PM ET

    SAN FRANCISCO, Jan 13- Famed U.S. gun maker Colt Defense LLC said on Wednesday it has emerged from bankruptcy after concluding a financial restructuring in which it reduced its debt by about $200 million. Dennis Veilleux, Colt's president and chief executive officer, said in a statement that Colt, which raised $50 million in new capital, would come out of Chapter 11...

  • Gunmaker Colt emerges from bankruptcy Wednesday, 13 Jan 2016 | 6:20 PM ET

    Jan 13- Gunmaker Colt Defense LLC said on Wednesday it completed its financial restructuring and emerged from bankruptcy. The company said it executed a long-term lease for its West Hartford, Connecticut facility, control of which had been a point of contention with bondholders during the bankruptcy process. Colt filed for Chapter 11 protection in June due to...

  • SAO PAULO, Jan 11- Requests for bankruptcy protection in Brazil soared 55 percent last year to a record as the steepest recession in a quarter century and the highest borrowing costs in nine years squeezed factories, retailers and other business, credit research company Serasa Experian said on Monday. Filings rose to 1,287 last year from 828 in 2014, according...

  • CHICAGO, Jan 11- Arch Coal, the second-largest U.S. coal miner, filed for Chapter 11 bankruptcy protection on Monday with a plan to cut $4.5 billion in debt from its balance sheet in the midst of a prolonged downturn in the coal industry. Missouri- based Arch Coal has been saddled with debt since its $3.4 billion acquisition of International Coal Group in 2011, which...

  • UPDATE 1-Arch Coal files for bankruptcy Monday, 11 Jan 2016 | 3:26 AM ET

    Jan 11- Arch Coal Inc, the second-largest coal miner in the United States, and its domestic subsidiaries filed for Chapter 11 bankruptcy to facilitate a restructuring with a group of lenders that hold more than 50 percent of its debt, the company said. The Missouri- based company was widely expected to go bankrupt after delaying a $90 million interest payment due...