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LightSquared Denied Plan Confirmation

By Patrick Holohan

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.

09:07AM 05/09/14

Energy Future Lights up Chapter 11 Petition

By Patrick Holohan

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.

12:05PM 04/29/14

Sbarro Wins Approval For Chapter 11 Financing

By Patrick Holohan

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.

11:53AM 03/14/14

Sbarro Returns to Chapter 11 with Prepack

By Patrick Holohan

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

11:56AM 03/10/14

Bitcoin Exchange Mt. Gox Files For Bankruptcy

By Patrick Holohan

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

12:00PM 02/28/14

Gates' Optim Energy Cascades Into Bankruptcy

By Patrick Holohan

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

05:05PM 02/12/14

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