Borders To Start Aggressive Timetable to Sell Business

FAIRLESS HILLS, Pa. -- Borders Group, Inc. is ready to embark on an "aggressive timetable" to sell its business after Judge Martin Glenn granted approval for the company's entry into a second amendment of its $505 million bankruptcy financing facility.  The bookseller chain aims to complete the sale process by the end of next month.

 

Judge Glenn was reluctant to grant approval of a $1 million financing amendment fee. 

 

More stories on the Borders case are available at BORDERS GROUP BANKRUPTCY NEWS, Issue No. 20, published by Bankruptcy Creditors' Service, Inc. 

 

The 16-page newsletter contains stories with these headlines:

[00290] BORDERS WINS APPROVAL OF 2ND AMENDMENT TO $505MM DIP LOAN
[00291] COURT RELUCTANTLY APPROVES $1-MIL. DIP LOAN AMENDMENT FEE
[00292] BORDERS CAN START AGGRESSIVE TIMETABLE TO SELL BUSINESS
[00293] DEBTORS' MOTION TO SELL TORRANCE MORTGAGE LOAN FOR $6.6MM
[00294] DEBTORS' MOTION TO APPROVE HARRISPORT TERMINATION PACT
[00295] DEBTORS' APPLICATION TO EMPLOY MORTAGE CORP. AS BROKER
[00296] BANKRUPTCY PROFESSIONALS FILE FEE APPLICATIONS


A copy of the newsletter can be purchased on-line with a major credit card at https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS|GROUP for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.

BORDERS GROUP BANKRUPTCY NEWS tracks the restructuring of Borders Group Inc (MI).

How to Subscribe to BORDERS GROUP BANKRUPTCY NEWS

BORDERS GROUP BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail.  New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases.  The subscription rate is $45 per issue.  Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax.  Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions.  Subscriptions may be canceled at any time without further obligation.

To continue receiving BORDERS GROUP BANKRUPTCY NEWS, please complete and submit the subscription form at https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS|GROUP

ABUSE SURVIVORS TO OPPOSE WILMINGTON DIOCESE'S CHAP. 11 PLAN

Thomas S. Neuberger, Esq., the counsel of the Unofficial
Committee of State Court Abuse Survivors, in a letter addressed
to the U.S. Bankruptcy Court for the District of Delaware, says
that after several weeks of unsuccessful efforts to resolve
issues with the Catholic Diocese of Wilmington Inc., he is
recommending to his clients that they vote against the Debtor's
Chapter 11 Plan of Reorganization.

For the full story, read Catholic Church Bankruptcy News, Issue No. 180.

Issue No. 180 of CATHOLIC CHURCH BANKRUPTCY NEWS contains stories with these headlines:

[02292] ABUSE SURVIVORS TO OPPOSE WILMINGTON'S CHAPTER 11 PLAN
[02293] WILMINGTON COMMITTEE SEEKS OK TO TAP RUTTER AS ARBITRATOR
[02294] WILMINGTON LAY PANEL'S APPLICATION TO HIRE P. HAMILTON
[02295] RULE 2019 STATEMENT -- Neuberger and Jacobs & Crumplar
[02296] WILMINGTON'S OPERATING REPORT -- Ending March 31, 2011
[02297] WILMINGTON'S OPERATING REPORT -- Ending April 30, 2011
[02298] MILWAUKEE'S MOTION TO FILE VICTIM LETTER UNDER SEAL
[02299] MILWAUKEE PANEL'S MOTION TO LIFT STAY TO TAKE DEPOSITIONS
[02300] MILWAUKEE'S MOTION TO SET BAR DATES FOR FILING CLAIMS
[02301] MILWAUKEE'S MOTION TO CONTINUE TO PROTECT ABUSE SURVIVORS
[02302] MILWAUKEE COMMITTEE'S MOTION FOR INFO ACCESS PROTOCOL
[02303] MILWAUKEE COMMITTEE'S APPLICATION TO RETAIN BMI
[02304] MILWAUKEE COMMITTEE'S APPLICATION TO RETAIN BERKELEY
[02305] MILWAUKEE PROFESSIONALS' FEE APPLICATIONS
[02306] MILWAUKEE'S OPERATING REPORT -- Ending May 31, 2011

A copy of the newsletter can be purchased on-line with a major credit card at https://ecommerce.bankrupt.com/bin/ibl_re?co_name=CATHOLIC|CHURCH for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.

How to Subscribe to CATHOLIC CHURCH BANKRUPTCY NEWS

CATHOLIC CHURCH BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail.  New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases.  The subscription rate is $45 per issue.  Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax.  Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions.  Subscriptions may be canceled at any time without further obligation.

To continue receiving CATHOLIC CHURCH BANKRUPTCY NEWS, please complete and submit the subscription form at https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=CATHOLIC|CHURCH

Bankruptcy Creditors' Service, Inc. reports on latest events arising in the chapter 11 cases commenced by the Catholic Diocese of Wilmington Inc. and the Archdiocese of Milwaukee.

Company: Bankruptcy Creditors' Service, Inc.
Contact: Peter A. Chapman
Phone: (215) 945-7000
Email: peter[@]bankrupt.com

Extended Stay Trust To Get Examiner Docs, Sues Blackstone for $8BB

FAIRLESS HILLS, Pa. -- A bankruptcy examiner has agreed to turn over certain documents gathered during his investigation  into the Extended Stay Inc. bankruptcy, including Alvarez & Marsal documents, to the litigation trust created under the hotel chain's bankruptcy plan.

 

The Extended Stay litigation trust has also commenced several lawsuits against Blackstone Group LP and other parties connected to the 2007 buy-out of the hotel chain.  The trust is seeking to recover more than $8 billion for the company's creditors.

 

Details on the lawsuits and more stories on the Extended Stay bankruptcy case are available at EXTENDED STAY INC BANKRUPTCY NEWS, Issue No. 36, published by Bankruptcy Creditors' Service, Inc. 

 

The  7-page newsletter contains stories with these headlines:

[00342] EXTENDED STAY TRUST SUES BLACKSTONE FOR $8-BB OVER BUYOUT
[00343] EXTENDED STAY FILES 3RD POST-CONFIRMATION STATUS REPORT
[00344] ESI AFFILIATES' QUARTER OPERATING RPT -- Ended March 2010
[00345] ESI FILES DECLARATIONS ON FEBRUARY-MAY 2011 DISBURSEMENTS
[00346] EXTENDED STAY, ET AL., INK PACT FOR DOCUMENT TURNOVER
[00347] BANKRUPTCY APPEAL -- Starwood re Reimbursement Order
[00348] CLAIM WITHDRAWAL -- April 14, 2011


A copy of the newsletter can be purchased on-line with a major credit card at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=EXTENDED|STAY|INC">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=EXTENDED|STAY|INC</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.

EXTENDED STAY INC BANKRUPTCY NEWS tracks the restructuring of Extended Stay Inc.

How to Subscribe to EXTENDED STAY INC BANKRUPTCY NEWS

EXTENDED STAY INC BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail.  New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases.  The subscription rate is $45 per issue.  Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax.  Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions.  Subscriptions may be canceled at any time without further obligation.

To continue receiving EXTENDED STAY INC BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=EXTENDED|STAY|INC">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=EXTENDED|STAY|INC</a>

 

Borders' Revenues Dips to $97-MM, Net Loss Down to $35-MM in May

FAIRLESS HILLS, Pa. -- Borders Group, Inc. released its monthly operating report listing decreased revenues and net losses for May 2011.  Revenues for the bookstore chain in May aggregate $97 million compared to $173 million in April.  Net income losses are also down to $35 million in May over $132 million in April.

 

The company has also negotiated with lenders a second amendment to its postpetition financing facility, which essentially allows the bookstore chain to conduct a going concern sale for its business.  Borders expects to name a bidder by July 1, and aims to close a sale by the end of July.

 

More stories on the Borders case are available at BORDERS GROUP BANKRUPTCY NEWS, Issue No. 19, published by Bankruptcy Creditors' Service, Inc. 

 

The 13-page newsletter contains stories with these headlines:

[00278] BORDERS INKS 2ND AMENDMENT TO $505MM DIP CREDIT AGREEMENT
[00279] BORDERS TO NAME BIDDER JULY 1, TO HOLD AUCTION JULY 19
[00280] BORDERS TO COMPLETE DUAL-TRACK SALE OF BIZ BY END OF JULY
[00281] BORDERS WITHDRAWS 51-STORE CLOSING SALES MOTION
[00282] NAJAFI & GORES VIE TO WRITE FUTURE OF BORDERS, SAYS WSJ
[00283] DEBTORS' MOTION TO ASSUME AND ASSIGN LEASES TO TJX
[00284] DEBTORS' APPLICATION TO EMPLOY DELOITTE CONSULTING
[00285] COMMITTEE'S APPLICATION TO RETAIN LOWENSTEIN SANDLER
[00286] LANDLORDS' MOTIONS TO ALLOW SEC. 365(D)(3) CLAIMS
[00287] STIPULATIONS EXTENDING TIME TO ASSUME OR REJECT LEASES
[00288] NEW KOBO E-READER TOUCH EDITION AVAILABLE AT BORDERS
[00289] DEBTORS' MONTHLY OPERATING REPORT -- Ended May 28, 2011


A copy of the newsletter can be purchased on-line with a major credit card at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS|GROUP">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS|GROUP</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.

BORDERS GROUP BANKRUPTCY NEWS tracks the restructuring of Borders Group Inc (MI).

How to Subscribe to BORDERS GROUP BANKRUPTCY NEWS

BORDERS GROUP BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail.  New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases.  The subscription rate is $45 per issue.  Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax.  Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions.  Subscriptions may be canceled at any time without further obligation.

To continue receiving BORDERS GROUP BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS|GROUP">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS|GROUP</a>

 

Ambac Says IRS $1.6BB Tax Refund Claims Have No Merit

FAIRLESS HILLS, Pa. -- Ambac Financial Group, Inc. has filed a formal objection in the bankruptcy court, asserting that the $1.6 billion in aggregate claims filed by the Internal Revenue Service are duplicative and are improper.  The claims are for tax refunds Ambac received from 2008 to 2010.

The Company's detailed arguments on entitlement to the tax refunds and other Ambac stories, including the departure of some top executives from the Company, are available in AMBAC BANKRUPTCY NEWS, Issue No. 21, published by Bankruptcy Creditors' Service, Inc.

The 9-page newsletter contains stories with these headlines:

[00183] DAVID WALLIS RESIGNS AS AFG CEO, DIANA ADAMS TO TAKE OVER
[00184] DEBTOR'S OBJECTION TO IRS'S $1.64 BILLION CLAIMS
[00185] AFG AGREES TO LIFT STAY TO ALLOW $27.1-MIL. SETTLEMENT
[00186] DEBTOR'S 1ST TO 16TH OMNIBUS OBJECTIONS TO CLAIMS
[00187] OCI TAPS R. PETERSON TO MANAGE AAC'S SEGREGATED ACCOUNT


A copy of the newsletter can be purchased on-line with a major credit card at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=AMBAC">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=AMBAC</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.

AMBAC BANKRUPTCY NEWS tracks the restructuring of Ambac Financial Group Inc.

How to Subscribe to AMBAC BANKRUPTCY NEWS

AMBAC BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail.  New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases.  The subscription rate is $45 per issue.  Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax.  Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions.  Subscriptions may be canceled at any time without further obligation.

To continue receiving AMBAC BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=AMBAC">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=AMBAC</a>

Beard Group Corporate Restructuring Review for May 2011

The Beard Group Corporate Restructuring Review for May 2011 is now
available at http://bankrupt.com/restructuringreview/

Borders Notifies Late Filing of April 2011 Quarter Report

FAIRLESS HILLS, Pa. -- Borders Group, Inc. has informed the U.S. Securities and Exchange Commission that it might be filing its Form 10-Q quarterly report for the period ended April 2011 late due to unavoidable circumstances.

 

The bookstore chain is also seeking bankruptcy court authority to conduct store closing sales on 51 of its stores.

 

Details on the Form 10-Q late filing, the proposed sale of the 51-store assets, and the reported bid of Najafi Cos. for Borders, among other things, are available at BORDERS GROUP BANKRUPTCY NEWS, Issue No. 17, published by Bankruptcy Creditors' Service, Inc.

 

The 14-page newsletter contains stories with these headlines:

[00257] BORDERS SEEKS TO CONDUCT STORE CLOSING SALES AT 51 STORES
[00258] BORDERS ALSO IN SALE TALKS WITH NAJAFI COS., SAYS WSJ
[00259] DEBTORS' MOTION TO REJECT SEATTLE'S BEST LICENSING PACT
[00260] DEBTORS' APPLICATION TO EMPLOY KASOWITZ BENSON AS COUNSEL
[00261] DEBTORS' APPLICATION TO EMPLOY DELOITTE CONSULTING
[00262] LANDLORDS' MOTIONS TO ALLOW SEC. 365(D)(3) CLAIMS
[00263] STIPULATIONS EXTENDING TIME TO ASSUME OR REJECT LEASES
[00264] JOHN GANNON'S LETTER SEEKING SUMMARY AMOUNT
[00265] BORDERS NOTIFIES LATE FILING OF APRIL 2011 QUARTER REPORT
[00266] CLOUTIER RESIGNS AS BORDERS CHIEF MERCHANDISING OFFICER
[00267] BORDERS CONSIDERS HEADQUARTERS MOVE TO VAN BUREN TOWNSHIP


A copy of the newsletter can be purchased on-line with a major credit card at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS|GROUP">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS|GROUP</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.

BORDERS GROUP BANKRUPTCY NEWS tracks the restructuring of Borders Group Inc (MI).

How to Subscribe to BORDERS GROUP BANKRUPTCY NEWS

BORDERS GROUP BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail.  New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases.  The subscription rate is $45 per issue.  Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax.  Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions.  Subscriptions may be canceled at any time without further obligation.

To continue receiving BORDERS GROUP BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS|GROUP">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS|GROUP</a>

Ambac Reports $25-Mil. Net Profit for April

FAIRLESS HILLS, Pa. -- Ambac Financial Group, Inc. listed approximately $25 million in net profits for the month of April.

 

Other Ambac stories, including status on the rehabilitation plan of Ambac Assurance Corporation, are available in AMBAC BANKRUPTCY NEWS, Issue No. 20, published by Bankruptcy Creditors' Service, Inc.

 

The 7-page newsletter contains stories with these headlines:

[00180] REHABILITATOR FILES STATUS REPORT ON AAC'S REHAB PLAN
[00181] AAC BARRED FROM MAKING INTEREST PAYMENTS ON SURPLUS NOTES
[00182] MONTHLY OPERATING REPORT -- Ended April 30, 2011


A copy of the newsletter can be purchased on-line with a major credit card at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=AMBAC">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=AMBAC</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.

AMBAC BANKRUPTCY NEWS tracks the restructuring of Ambac Financial Group Inc.

How to Subscribe to AMBAC BANKRUPTCY NEWS

AMBAC BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail.  New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases.  The subscription rate is $45 per issue.  Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax.  Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions.  Subscriptions may be canceled at any time without further obligation.

To continue receiving AMBAC BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=AMBAC">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=AMBAC</a>

 

 

Court Orders Disbandment of Delphi Retirees' Committee

FAIRLESS HILLS, Pa. -- Judge Robert Drain has ordered the disbandment of the retirees' committee in Delphi.

 

Other Delphi stories, including the $100 million initial public offering registered by the company with the U.S. Securities and Exchange Commission, the $1 billion in senior notes issued by Delphi Corp., and the more than $50 million in amounts the company paid to its top executives in 2010 are available in DELPHI BANKRUPTCY NEWS, Issue No. 207, published by Bankruptcy Creditors' Service, Inc.

 

The 27-page newsletter contains stories with these headlines:

[03023] DELPHI AUTOMOTIVE FILES $100-MIL. INITIAL PUBLIC OFFERING
[03024] DELPHI AUTOMOTIVE PAID $51-MIL. TO 7 TOP EXECS IN 2010
[03025] DELPHI CORPORATION ISSUED $1-BIL. IN SENIOR NOTES
[03026] DELPHI AUTOMOTIVE BUYS BACK GM & PBGC STAKE FOR $4.39-BB
[03027] DELPHI AND RETIREES STIPULATE TO INITIATE ACTION VS. PBGC
[03028] COURT ORDERS DISBANDMENT OF RETIREES' COMMITTEE
[03029] RETIREES COMM.'S MOTION TO DESIGNATE DSRA VEBA BENEFITS
[03030] DEBTORS' 3RD OMNIBUS OBJECTION TO CLAIMS
[03031] DEBTORS' 43RD OMNIBUS OBJECTION TO CLAIMS
[03032] DEBTORS' 44TH OMNIBUS OBJECTION TO CLAIMS
[03033] DEBTORS' 47TH OMNIBUS OBJECTION TO CLAIMS
[03034] DELPHI OPENS WIRING HARNESS ASSEMBLY PLANT IN ROMANIA
[03035] DELPHI BRINGS CONVERTIBLE PC DIAGNOSTIC TOOL TO ITALY
[03036] DELPHI PROVIDES INFOTAINMENT TO DRIVERS THRU MYFI
[03037] DELPHI OFFERS ENGINEERING EXPERTISE IN EXPO EUROPE
[03038] DELPHI PRESENTED SIMULATION METHOD REPORT AT VTMS 2011
[03039] S&P ASSIGNS 'BB' CORP. CREDIT RATING TO DELPHI AUTOMOTIVE
[03040] DELPHI WORKS TO CLOSE SALE OF BAZETTA, OHIO PLANTS


A copy of the newsletter can be purchased on-line with a major credit card at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=DELPHI">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=DELPHI</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.

DELPHI BANKRUPTCY NEWS tracks the restructuring of Delphi Corp.

How to Subscribe to DELPHI BANKRUPTCY NEWS

DELPHI BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail.  New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases.  The subscription rate is $45 per issue.  Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax.  Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions.  Subscriptions may be canceled at any time without further obligation.

To continue receiving DELPHI BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=DELPHI">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=DELPHI</a>

 

BORDERS Obtains Exclusivity thru October to File Bankruptcy Plan

FAIRLESS HILLS, Pa. -- Borders Group, Inc. and its debtor affiliates have obtained a court order that extends through October their exclusive right to file a bankruptcy plan.  The Company, however, has said it expects to have that plan ready by the end of June.

Other Borders stories, including Judge's Glenn reasoning for the approval of the company's exclusivity request and the reported sale talks between Gores Group and the bookstore chain, are available in BORDERS GROUP BANKRUPTCY NEWS, Issue No. 16, published by Bankruptcy Creditors' Service, Inc.

The 18-page newsletter contains stories with these headlines:

[00247] COURT GIVES BORDERS MORE TIME TO FILE CHAPTER 11 PLAN
[00248] BORDERS HOPES TO FILE PLAN BY END OF JUNE, SAYS LAWYER
[00249] BORDERS IN TALKS WITH GORES GROUP OVER SALE OF 200 STORES
[00250] DEBTORS' MOTION TO REJECT SEATTLE'S BEST LICENSING PACT
[00251] DEBTORS' MOTION TO REJECT 100 EXECUTORY CONTRACTS
[00252] DEBTORS' MOTION TO APPROVE BOFA PACT ON COMPENSATION PLAN
[00253] DEBTORS' MOTION TO ASSUME AND ASSIGN LEASES TO TJX
[00254] STIPULATIONS EXTENDING TIME TO ASSUME OR REJECT LEASES
[00255] RULE 2019 STATEMENT -- Davis Wright Tremaine LLP
[00256] BORDERS OFFERS CUSTOMERS ACCESS TO KOBO E-BOOK STORE


A copy of the newsletter can be purchased on-line with a major credit card at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS|GROUP">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS|GROUP</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.

BORDERS GROUP BANKRUPTCY NEWS tracks the restructuring of Borders Group Inc (MI).

How to Subscribe to BORDERS GROUP BANKRUPTCY NEWS

BORDERS GROUP BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail.  New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases.  The subscription rate is $45 per issue.  Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax.  Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions.  Subscriptions may be canceled at any time without further obligation.

To continue receiving BORDERS GROUP BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS|GROUP">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS|GROUP</a>

Ambac Financial to File Bankruptcy Plan in June

FAIRLESS HILLS, Pa. -- Ambac Financial Group, Inc. is set to file its own Chapter 11 plan in court in June, according to the company's counsel.  This move is amidst the company's  dissatisfaction with an offer of the Wisconsin insurance regulator who currently oversees the rehabilitation of the company's operating unit, Ambac Assurance Corporation.

 

This story, and other developments, in the Ambac Financial case is available in AMBAC BANKRUPTCY NEWS, Issue No. 19,  published by Bankruptcy Creditors' Service, Inc.  The  7-page newsletter contains stories with these headlines:

[00171] AFG FINDS OCI'S TERM SHEET DISAPPOINTING, SAYS LAWYER
[00172] AFG TO FILE CHAPTER 11 REORGANIZATION PLAN BY JUNE
[00173] DEBTOR'S OBJECTION TO NY FINANCE DEPT.'S $116-MIL. CLAIM
[00174] AFG AGREES TO LIFT STAY TO ALLOW $27.1-MIL. SETTLEMENT
[00175] DEBTOR'S 2ND MOTION TO EXTEND ACTION REMOVAL PERIOD
[00176] DEBTOR'S MOTION TO ASSUME AND ASSIGN KINGSTON LEASE
[00177] DEBTOR'S MOTION TO EMPLOY ORDINARY COURSE PROFESSIONALS
[00178] BANKRUPTCY PROFESSIONALS FILE FEE APPLICATIONS
[00179] AFG RECEIVES SUBPOENA ON MORTGAGE SECURITIZATION PROBE


A copy of the newsletter can be purchased on-line with a major credit card at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=AMBAC">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=AMBAC</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.

AMBAC BANKRUPTCY NEWS tracks the restructuring of Ambac Financial Group Inc.

How to Subscribe to AMBAC BANKRUPTCY NEWS

AMBAC BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail.  New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases.  The subscription rate is $45 per issue.  Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax.  Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions.  Subscriptions may be canceled at any time without further obligation.

To continue receiving AMBAC BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=AMBAC">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=AMBAC</a>