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Bankruptcy

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  • June 11- Natrol Inc filed for bankruptcy on Wednesday, a day after a U.S. judicial panel consolidated several class actions accusing the health supplement maker of false marketing of its joint relief products.

  • WILMINGTON, Del, June 6- Bankrupt Energy Future Holdings, Texas's largest power company, received court approval on Friday for one of its main businesses to borrow $5.4 billion to carry out a refinancing that is key to its huge restructuring. Bankruptcy Judge Christopher Sontchi in Wilmington, Delaware.

  • WILMINGTON, Del, June 5- Texas's largest power provider, the bankrupt Energy Future Holdings, was cleared to get final approval on Thursday for about $4.5 billion in financing deals that it has said were important to maintaining its business.

  • WILMINGTON, Del, June 5- A lawyer for Texas's largest power provider, the bankrupt Energy Future Holdings, told a judge on Thursday the company had resolved most objections to financing arrangements that were important to maintaining its business.

  • June 4- Texas power giant Energy Future Holdings will square off against creditors in bankruptcy court on Thursday over a key question: will borrowing billions of dollars prop up the business or deepen its insolvency?

  • June 3- The Michigan Senate on Tuesday passed a package of bills that includes state money to aid Detroit retirees, a key element in the city's plan to adjust its debt and exit the biggest municipal bankruptcy in U.S. history.

  • 'Die Hard' director battling foreclosure Wednesday, 28 May 2014 | 6:45 PM ET
    John McTiernan in 2010.

    McTiernan, who directed "Die Hard" and "The Hunt for Red October," is in the midst of battling a foreclosure on his ranch.

  • Wiping out urban blight could cost Detroit $850M+ Wednesday, 28 May 2014 | 7:43 AM ET
    A decaying building and downtown skyline of Detroit, February 2014.

    Wiping out the abandoned and decrepit buildings could cost Detroit nearly $1 billion, and more over time.

  • 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.