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Patrick's Most Recent Article

LightSquared Denied Plan Confirmation

05/09/14 - 09:07 AM EDT

Judge rules that reorganization plan unfairly discriminates against $1 billion in claims held by Dish Network chairman Charlie Ergen. Parties have until May 27 to reach an agreement or a mediator will be appointed.

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Energy Future Lights up Chapter 11 Petition Energy Future Lights up Chapter 11 Petition

04/29/14 - 12:05 PM EDT

Following months of speculation on when it would file for bankruptcy, private equity-backed Energy Future Holdings has commenced Chapter 11 proceedings to implement a restructuring that would split the company between creditors and eliminate more than $26 billion in debt.

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Sbarro Wins Approval For Chapter 11 Financing Sbarro Wins Approval For Chapter 11 Financing

03/14/14 - 11:53 AM EDT

Pizza chain Sbarro has won interim approval to use cash collateral and $20 million in debtor-in-possession financing as it aims to confirm a prepackaged reorganization plan.

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Sbarro Returns to Chapter 11 with Prepack Sbarro Returns to Chapter 11 with Prepack

03/10/14 - 11:56 AM EDT

The Italian restaurant chain plans to cut more than 80% of its outstanding debt in its second bankruptcy.

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Bitcoin Exchange Mt. Gox Files For Bankruptcy Bitcoin Exchange Mt. Gox Files For Bankruptcy

02/28/14 - 12:00 PM EST

Bitcoin exchange Mt. Gox has filed for bankruptcy in Tokyo after 850,000 bitcoins valued at about $475 million "disappeared."

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Gates' Optim Energy Cascades Into Bankruptcy Gates' Optim Energy Cascades Into Bankruptcy

02/12/14 - 05:05 PM EST

The power plant owner, backed by Bill Gates' Cascade Investments, gets $125 million DIP, but will have to sell assets.

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