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Bankruptcy

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  • Betting on bankruptcies     Wednesday, 28 May 2014 | 7:32 AM ET

    Chris Pucillo, Solus CEO & CIO, reveals his latest plays on distressed companies. And Byron Wien, Blackstone Advisory Partners, weighs in.

  • WILMINGTON, Del, May 22- The Chapter 11 bankruptcy of Texas's largest power company, Energy Future Holdings, will remain with a U.S. Bankruptcy Court in Wilmington, Delaware, the judge handling the case ruled on Thursday. Energy Future filed one of the largest nonfinancial bankruptcies ever in April in Delaware, where the company's subsidiaries are incorporated.

  • Dimon invests $100M in Detroit     Wednesday, 21 May 2014 | 10:00 AM ET

    Today, JPM CEO Jamie Dimon formally announces his company plans to invest $100 million in Detroit over the next five years. NBC's Matt Lauer talks to Dimon about why his company is making the investment.

  • May 20- Detroit's plan to deal with $18 billion of debt so it can exit municipal bankruptcy faces a crucial test on Wednesday, when a panel of Michigan state lawmakers votes on legislation, opposed by some conservatives, to provide state funding for the city.

  • KUALA LUMPUR, May 19- Shares in Malaysian Airline System Bhd logged a second day of sharp declines to hit a record low on Monday, after the carrier posted big quarterly losses due to the disappearance of flight MH370 and the prime minister was quoted as not ruling out bankruptcy as an option for the carrier.

  • DETROIT, May 13- Detroit's three automakers are mulling a request by the city's art museum to help it raise money for a key component of Detroit's plan to restructure its debt and exit bankruptcy, representatives of the companies said on Tuesday.

  • Automakers mull aid to art museum in Detroit bankruptcy Tuesday, 13 May 2014 | 11:00 AM ET

    DETROIT, May 13- Detroit's three automakers are mulling a request by the city's art museum to help it raise money for a key component of Detroit's plan to restructure its debt and exit bankruptcy, representatives of the companies said on Tuesday.

  • MF Global lawyers seek cap on Corzine's legal fees Tuesday, 13 May 2014 | 8:02 AM ET
    Jon Corzine testifies at a Capitol Hill hearing on Dec. 15, 2011.

    Lawyers for defunct brokerage MF Global asked a U.S. bankruptcy judge to limit mounting legal fees incurred by Jon Corzine and other former insiders.

  • Oncor avoided bankruptcy because of a credit provisions called a ring-fence put in place in 2007 to satisfy Texas legislators and regulators worried about the $40 billion debt created in the leveraged buyout by a group of private equity firms led by KKR& Co LP.

  • *Judge favors settlement over litigation; parties hesitant. NEW YORK, May 2- A U.S. bankruptcy judge on Friday urged settlement talks in a dispute between General Motors Co and plaintiffs seeking compensation for the lost value of their cars stemming from a massive recall over a faulty ignition switch, though neither side seemed ready to negotiate quite yet.

  • GM's fate in hands of bankruptcy judge...again Friday, 2 May 2014 | 1:30 PM ET

    New York bankruptcy Judge Robert Gerber oversaw GM's bankruptcy. Now the same judge must decide whether to lift the shield he put in place.

  • NEW YORK, May 2- A U.S. bankruptcy judge on Friday urged settlement talks in a dispute between General Motors Co and plaintiffs seeking compensation for the lost value of their cars stemming from a massive recall over a faulty ignition switch.

  • PREVIEW-GM's fate in hands of bankruptcy judge - again Thursday, 1 May 2014 | 9:02 PM ET

    NEW YORK, May 1- Five years ago, New York bankruptcy Judge Robert Gerber oversaw the historic bankruptcy of General Motors, establishing a new company that is shielded from liability for the actions of its precursor.

  • WILMINGTON, Del, May 1- The largest power company in Texas, Energy Future Holdings Corp, began its bankruptcy turnaround by securing approval for an interim loan after seven hours of contentious arguments in a Delaware bankruptcy court.

  • WILMINGTON, Del, May 1- Hearings kicked off one of the biggest-ever U.S. bankruptcies on Thursday with creditors of Energy Future Holdings Corp, the largest power company in Texas, airing grievances over timing, value and how to administer the case.

  • HOUSTON, April 30- Texas- based power company Energy Future Holdings has $11.8 billion in debtor-in-possession loans to back operations through the massive Chapter 11 bankruptcy that it filed for on Tuesday.

  • Texas' Energy Future files for bankruptcy Tuesday, 29 Apr 2014 | 12:26 PM ET
    The Luminant Lake Hubbard natural gas power plant, a subsidiary of Texas Energy Future Holdings LP, stands in Dallas, Texas.

    Energy Future filed for bankruptcy protection, seven years after its record leveraged buyout stacked it with debt just as prices for its electricity plunged.

  • April 29- Energy Future Holdings, a Texas power company, filed for bankruptcy protection on Tuesday, seven years after its record leveraged buyout stacked it with debt just as prices for its electricity plunged. The company said it entered bankruptcy with significant deals in place with creditors that would eliminate approximately $40 billion in debt.

  • UPDATE 1-Energy Future files for bankruptcy Tuesday, 29 Apr 2014 | 7:11 AM ET

    April 29- Leading Texas power company Energy Future Holdings filed for bankruptcy on Tuesday, seven years after its record leveraged buyout stacked it with debt just as prices for its electricity plunged.

  • April 29- A unit of Texas power company Energy Future Holdings, Texas Competitive Electric Holdings Co LLC, filed for bankruptcy on Tuesday, seven years after Energy Future's record leveraged buyout stacked it with debt just as electricity prices plunged.