tag:blogger.com,1999:blog-24834702260351950932024-03-08T11:25:41.976-08:00Corporate Restructuring WorldThe latest news in billion-dollar bankruptcies and troubled companiesCorporate Restructuring Reviewhttp://www.blogger.com/profile/12981434409097465147noreply@blogger.comBlogger186125tag:blogger.com,1999:blog-2483470226035195093.post-80475107118291027392011-07-19T19:12:00.001-07:002011-07-19T19:12:38.345-07:00Beard Group Corporate Restructuring Review for June 2011The Beard Group Corporate Restructuring Review for June 2011 is now available at <a href="http://bankrupt.com/restructuringreview/" target="_blank">http://bankrupt.com/restructuringreview/</a> Corporate Restructuring Reviewhttp://www.blogger.com/profile/12981434409097465147noreply@blogger.com0tag:blogger.com,1999:blog-2483470226035195093.post-37736896526501476012011-07-19T19:11:00.001-07:002011-07-19T19:11:32.706-07:00Borders' Stores Liquidation to Begin July 22<p style="LINE-HEIGHT: normal; MARGIN-BOTTOM: 0pt" class="MsoNormal"><span style="FONT-FAMILY: Arial; COLOR: black"><span>FAIRLESS HILLS, Pa. -- Borders Group, Inc. failed to get a "going concern" bidder for its assets as of the July 17 bid deadline and thus, has decided to move forward with a liquidation of its remaining 399 stores.</span></span></p> <p style="LINE-HEIGHT: normal; MARGIN-BOTTOM: 0pt" class="MsoNormal"><span><span style="FONT-FAMILY: Arial; COLOR: black"> </span></span></p> <p style="LINE-HEIGHT: normal; MARGIN-BOTTOM: 0pt" class="MsoNormal"><span><span style="FONT-FAMILY: Arial; COLOR: black">The store closing sales is expected to begin on July 22, and will be handled by a group of liquidators which include Hilco Merchant Resources LLC and Gordon Brothers Retail Partners LLC.</span></span></p> <p style="LINE-HEIGHT: normal; MARGIN-BOTTOM: 0pt" class="MsoNormal"><span><span style="FONT-FAMILY: Arial; COLOR: black"> </span></span></p> <p style="LINE-HEIGHT: normal; MARGIN-BOTTOM: 0pt" class="MsoNormal"><span><span style="FONT-FAMILY: Arial; COLOR: black">Details of the latest developments in the Borders case is available in BORDERS GROUP BANKRUPTCY NEWS, Issue No. 24, published by Bankruptcy Creditors' Service, Inc.<span> </span></span></span></p> <p style="LINE-HEIGHT: normal; MARGIN-BOTTOM: 0pt" class="MsoNormal"><span><span style="FONT-FAMILY: Arial; COLOR: black"> </span></span></p> <p style="LINE-HEIGHT: normal; MARGIN-BOTTOM: 0pt" class="MsoNormal"><span><span style="FONT-FAMILY: Arial; COLOR: black">The 8-page newsletter contains stories with these headlines:</span></span><span style="FONT-FAMILY: Arial; COLOR: black"><br> <br><span>[00323] BORDERS TO LIQUIDATE 399 STORES, CANCELS JULY 19 AUCTION</span><br><span>[00324] LIQUIDATION OF BORDERS STORES EXPECTED TO BEGIN JULY 22</span><br><span>[00325] DEBTORS' MOTION TO ASSUME AMENDED SOURCE INTERLINK PACT</span><br> <span>[00326] DEBTORS' 1ST TO 4TH OMNIBUS OBJECTIONS TO CLAIMS</span><br><span>[00327] DEBTORS' APPLICATION TO EMPLOY DJM REALTY AS REALTOR</span><br><span>[00328] DEBTORS' APPLICATION TO EMPLOY MORTAGE CORP. AS BROKER</span><br> <span>[00329] DJM REALTY TO DISPOSE OF 259 BORDERS REAL ESTATE LEASES</span><br><br><br><span>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%7CGROUP" target="_blank"><span style="COLOR: rgb(17,65,112)">https://ecommerce</span><span style="COLOR: rgb(17,65,112)">.</span><span style="COLOR: rgb(17,65,112)">bankrupt.com/bin/ibl_re?co</span><span style="COLOR: rgb(17,65,112)">_</span><span style="COLOR: rgb(17,65,112)">name=BORDERS|GROUP</span></a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.</span><br> <br><span>BORDERS GROUP BANKRUPTCY NEWS tracks the restructuring of Borders Group Inc (MI).</span><br><br><span>How to Subscribe to BORDERS GROUP BANKRUPTCY NEWS</span><br><br><span>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.</span><br> <br><span>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%7CGROUP" target="_blank"><span style="COLOR: rgb(17,65,112)">https://ecommerce</span><span style="COLOR: rgb(17,65,112)">.</span><span style="COLOR: rgb(17,65,112)">bankrupt.com/bin/ibl_re?subco</span><span style="COLOR: rgb(17,65,112)">_</span><span style="COLOR: rgb(17,65,112)">name=BORDERS|GROUP</span></a></span></span></p> <p style="LINE-HEIGHT: normal; MARGIN-BOTTOM: 0pt" class="MsoNormal"> </p> Corporate Restructuring Reviewhttp://www.blogger.com/profile/12981434409097465147noreply@blogger.com0tag:blogger.com,1999:blog-2483470226035195093.post-73390252967847324552011-07-07T18:53:00.001-07:002011-07-07T18:53:17.600-07:00Ambac Proposes Cost Allocation Pact Under Chapter 11 Plan<div>FAIRLESS HILLS, Pa. -- Ambac Financial Group, Inc. filed with a New York bankruptcy court a Chapter 11 Plan, which embodies a cost allocation agreement with its operating unit, Ambac Assurance Corporation. </div> <div><br></div> <div>The allocation is <span class="il">for</span> costs incurred by AFG in disputes with the Internal Revenue Service. AFG proposes <span class="il">for</span> more than 80% of the IRS-related costs will be allocated to AAC. </div> <div><br></div> <div>The plan settlement contemplates a July 29, 2011 deadline, by which time the ACC and the Wisconsin insurance regulator must decide on whether to accept or reject the settlement terms.</div> <div><br></div> <div>Details on the July 6 Plan and the plan settlement are available in AMBAC BANKRUPTCY NEWS, Issue No. 23, published by Bankruptcy Creditors' Service, Inc.</div> <div><br></div> <div>The 8-page newsletter contains stories with these headlines:</div> <div><br></div> <div>[00196] AMBAC FINANCIAL FILES CHAPTER 11 PLAN OF REORGANIZATION</div> <div>[00197] DEBTOR'S OBJECTION TO IRS'S $1.64 BILLION CLAIMS</div> <div>[00198] DEBTOR'S 1ST TO 16TH OMNIBUS OBJECTIONS TO CLAIMS</div> <div>[00199] DEBTOR'S 17TH OMNIBUS OBJECTION TO CLAIMS</div> <div>[00200] DEBTOR'S APPLICATION TO EMPLOY LATHROP & CLARK AS COUNSEL</div> <div><br></div> <div>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" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=AMBAC</a> <span class="il">for</span> $45. Copies of all back issues are also available <span class="il">for</span> purchase at BCSI's on-line newsstand.</div> <div><br></div> <div>AMBAC BANKRUPTCY NEWS tracks the restructuring of Ambac Financial Group Inc.</div> <div><br></div> <div>How to Subscribe to AMBAC BANKRUPTCY NEWS</div> <div><br></div> <div>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 <span class="il">for</span> their own subscriptions. Subscriptions may be canceled at any time without further obligation.</div> <div><br></div> <div>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" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=AMBAC</a></div> <div><br></div> Corporate Restructuring Reviewhttp://www.blogger.com/profile/12981434409097465147noreply@blogger.com0tag:blogger.com,1999:blog-2483470226035195093.post-24359846542407876672011-07-07T18:52:00.001-07:002011-07-07T18:52:28.589-07:00Creditors' Committee Counsel May Not Be "Disinterested" in Borders Case<font face="Courier New">FAIRLESS HILLS, Pa. -- Lowenstein Sandler PC, counsel to the unsecured creditors committee in the bankruptcy cases of Borders Group Inc. and its debtor affiliates, admits that it may not be a "disinterested person" in light of its representation of SB Capital Group LLC. SBC is among the liquidators Borders is seeking to retain <span class="il">for</span> the contemplated store closing sales in its cases.<br> <br>Borders is moving on with its plan <span class="il">for</span> a going concern sale. The bookseller chain identified BB Brands LLC as the stalking horse bidder <span class="il">for</span> its assets. BB Brands's $450 million offer is the opening bid <span class="il">for</span> a sale auction tentatively set <span class="il">for</span> July 19. The company is seeking court approval of bidding procedures to be implemented in the sale process.<br> <br>Details on the $450 million stalking horse bid and the proposed back-up plan of a full chain liquidation is available on BORDERS GROUP BANKRUPTCY NEWS, Issue No. 21, published by Bankruptcy Creditors' Service, Inc.<br> <br>The 16-page newsletter contains stories with these headlines:<br><br>[00297] BORDERS SELECTS BB BRANDS' $450-MIL. OFFER AS OPENING BID<br>[00298] BORDERS SEEKS APPROVAL OF BIDDING PROCEDURES <span class="il">FOR</span> 363 SALE<br> [00299] DEBTORS' MOTION TO ASSUME AMENDED SOURCE INTERLINK PACT<br>[00300] DEBTORS' NOTICE TO REJECT SIMON PROPERTY LEASE PACT<br>[00301] DEBTORS' NOTICE OF DE MINIMIS ASSET SALES<br>[00302] COMMITTEE'S APPLICATION TO RETAIN LOWENSTEIN SANDLER<br> [00303] LANDLORDS' MOTIONS TO ALLOW SEC. 365(D)(3) CLAIMS<br>[00304] ROUTE 23 ASSOCIATES'S NOTICE ON EXPIRATION OF LEASE<br><br><br>A copy of the newsletter can be purchased on-line with a major credit card at </font><a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS%7CGROUP" target="_blank"><font face="Courier New">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS|GROUP</font></a><font face="Courier New"> <span class="il">for</span> $45. Copies of all back issues are also available <span class="il">for</span> purchase at BCSI's on-line newsstand.<br> <br>BORDERS GROUP BANKRUPTCY NEWS tracks the restructuring of Borders Group Inc (MI).<br><br>How to Subscribe to BORDERS GROUP BANKRUPTCY NEWS<br><br>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 <span class="il">for</span> their own subscriptions. Subscriptions may be canceled at any time without further obligation.<br> <br>To continue receiving BORDERS GROUP BANKRUPTCY NEWS, please complete and submit the subscription form at </font><a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS%7CGROUP" target="_blank"><font face="Courier New">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS|GROUP</font></a> Corporate Restructuring Reviewhttp://www.blogger.com/profile/12981434409097465147noreply@blogger.com0tag:blogger.com,1999:blog-2483470226035195093.post-52161472962002423602011-07-04T20:16:00.001-07:002011-07-04T20:16:26.989-07:00Ambac Claims Bar Date for Directors & Officers Moved to Aug. 1<font face="Courier New">FAIRLESS HILLS, Pa. -- Ambac Financial Group, Inc. directors and officers are given more time to file their claims through Aug. 1, 2011.<br><br>Ambac has also formally filed a motion with the bankruptcy court seeking approval of a settlement to settle several securities lawsuits for $27.1 million.<br> <br>Details on the securities suit settlement and other stories are available at AMBAC BANKRUPTCY NEWS, Issue No. 22, published by Bankruptcy Creditors' Service, Inc.<br><br>The 13-page newsletter contains stories with these headlines:<br> <br>[00188] AFG SEEKS APPROVAL OF $27.1-MIL. SECURITIES SETTLEMENT<br>[00189] AMBAC FINANCIAL'S D&O CLAIMS BAR DATE EXTENDED TO AUG. 1<br>[00190] DEBTOR'S OBJECTION TO NY FINANCE DEPT.'S $116-MIL. CLAIM<br> [00191] DEBTOR'S 1ST TO 16TH OMNIBUS OBJECTIONS TO CLAIMS<br>[00192] OCI TAPS R. PETERSON TO MANAGE AAC'S SEGREGATED ACCOUNT<br>[00193] BANKRUPTCY PROFESSIONALS FILE FEE APPLICATIONS<br>[00194] AFG NOTIFIES LATE FILING OF INCENTIVE PLAN ANNUAL REPORT<br> [00195] MONTHLY OPERATING REPORT -- Ended May 31, 2011<br><br><br>A copy of the newsletter can be purchased on-line with a major credit card at </font><a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=AMBAC" target="_blank"><font face="Courier New">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=AMBAC</font></a><font face="Courier New"> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.<br> <br>AMBAC BANKRUPTCY NEWS tracks the restructuring of Ambac Financial Group Inc.<br><br>How to Subscribe to AMBAC BANKRUPTCY NEWS<br><br>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.<br> <br>To continue receiving AMBAC BANKRUPTCY NEWS, please complete and submit the subscription form at </font><a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=AMBAC" target="_blank"><font face="Courier New">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=AMBAC</font></a> Corporate Restructuring Reviewhttp://www.blogger.com/profile/12981434409097465147noreply@blogger.com0tag:blogger.com,1999:blog-2483470226035195093.post-71151219286287258852011-06-26T18:24:00.001-07:002011-06-26T18:24:38.430-07:00Borders To Start Aggressive Timetable to Sell Business<p class="MsoNormal"><span style="FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang="EN-US">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.<span> </span>The bookseller chain aims to complete the sale process by the end of next month.</span></p> <p class="MsoNormal"><span style="FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang="EN-US"> </span></p> <p class="MsoNormal"><span style="FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang="EN-US">Judge Glenn was reluctant to grant approval of a $1 million financing amendment fee.<span> </span></span></p> <p class="MsoNormal"><span style="FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang="EN-US"> </span></p> <p class="MsoNormal"><span style="FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang="EN-US">More stories on the Borders case are available at BORDERS GROUP BANKRUPTCY NEWS, Issue No. 20, published by Bankruptcy Creditors' Service, Inc.<span> </span></span></p> <p class="MsoNormal"><span style="FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang="EN-US"> </span></p> <p class="MsoNormal"><span><span style="FONT-FAMILY: Arial; COLOR: rgb(80,0,80); FONT-SIZE: 9pt" lang="EN-US">The 16-page newsletter contains stories with these headlines:</span></span><span style="FONT-FAMILY: Arial; COLOR: rgb(80,0,80); FONT-SIZE: 9pt" lang="EN-US"><br> <br><span>[00290] BORDERS WINS APPROVAL OF 2ND AMENDMENT TO $505MM DIP LOAN</span><br><span>[00291] COURT RELUCTANTLY APPROVES $1-MIL. DIP LOAN AMENDMENT FEE</span><br><span>[00292] BORDERS CAN START AGGRESSIVE TIMETABLE TO SELL BUSINESS</span><br> <span>[00293] DEBTORS' MOTION TO SELL TORRANCE MORTGAGE LOAN FOR $6.6MM</span><br><span>[00294] DEBTORS' MOTION TO APPROVE HARRISPORT TERMINATION PACT</span><br><span>[00295] DEBTORS' APPLICATION TO EMPLOY MORTAGE CORP. AS BROKER</span><br> <span>[00296] BANKRUPTCY PROFESSIONALS FILE FEE APPLICATIONS</span><br><br><br><span>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%7CGROUP" target="_blank"><span style="COLOR: rgb(17,65,112)">https://ecommerce</span><span style="COLOR: rgb(17,65,112)">.</span><span style="COLOR: rgb(17,65,112)">bankrupt.com/bin/ibl_re?co</span><span style="COLOR: rgb(17,65,112)">_</span><span style="COLOR: rgb(17,65,112)">name=BORDERS|GROUP</span></a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.</span><br> <br><span>BORDERS GROUP BANKRUPTCY NEWS tracks the restructuring of Borders Group Inc (MI).</span><br><br><span>How to Subscribe to BORDERS GROUP BANKRUPTCY NEWS</span><br><br><span>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.</span><br> <br><span>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%7CGROUP" target="_blank"><span style="COLOR: rgb(17,65,112)">https://ecommerce</span><span style="COLOR: rgb(17,65,112)">.</span><span style="COLOR: rgb(17,65,112)">bankrupt.com/bin/ibl_re?subco</span><span style="COLOR: rgb(17,65,112)">_</span><span style="COLOR: rgb(17,65,112)">name=BORDERS|GROUP</span></a></span></span></p> Corporate Restructuring Reviewhttp://www.blogger.com/profile/12981434409097465147noreply@blogger.com0tag:blogger.com,1999:blog-2483470226035195093.post-55127291853482606122011-06-22T18:58:00.001-07:002011-06-22T18:58:56.789-07:00ABUSE SURVIVORS TO OPPOSE WILMINGTON DIOCESE'S CHAP. 11 PLAN<p>Thomas S. Neuberger, Esq., the counsel of the Unofficial<br>Committee of State Court Abuse Survivors, in a letter addressed<br>to the U.S. Bankruptcy Court for the District of Delaware, says<br>that after several weeks of unsuccessful efforts to resolve<br> issues with the Catholic Diocese of Wilmington Inc., he is<br>recommending to his clients that they vote against the Debtor's<br>Chapter 11 Plan of Reorganization.</p> <p>For the full story, read Catholic Church Bankruptcy News, Issue No. 180. </p> <p>Issue No. 180 of CATHOLIC CHURCH BANKRUPTCY NEWS contains stories with these headlines:</p> <p>[02292] ABUSE SURVIVORS TO OPPOSE WILMINGTON'S CHAPTER 11 PLAN<br>[02293] WILMINGTON COMMITTEE SEEKS OK TO TAP RUTTER AS ARBITRATOR<br>[02294] WILMINGTON LAY PANEL'S APPLICATION TO HIRE P. HAMILTON<br>[02295] RULE 2019 STATEMENT -- Neuberger and Jacobs & Crumplar<br> [02296] WILMINGTON'S OPERATING REPORT -- Ending March 31, 2011<br>[02297] WILMINGTON'S OPERATING REPORT -- Ending April 30, 2011<br>[02298] MILWAUKEE'S MOTION TO FILE VICTIM LETTER UNDER SEAL<br>[02299] MILWAUKEE PANEL'S MOTION TO LIFT STAY TO TAKE DEPOSITIONS<br> [02300] MILWAUKEE'S MOTION TO SET BAR DATES FOR FILING CLAIMS<br>[02301] MILWAUKEE'S MOTION TO CONTINUE TO PROTECT ABUSE SURVIVORS<br>[02302] MILWAUKEE COMMITTEE'S MOTION FOR INFO ACCESS PROTOCOL<br>[02303] MILWAUKEE COMMITTEE'S APPLICATION TO RETAIN BMI<br> [02304] MILWAUKEE COMMITTEE'S APPLICATION TO RETAIN BERKELEY<br>[02305] MILWAUKEE PROFESSIONALS' FEE APPLICATIONS<br>[02306] MILWAUKEE'S OPERATING REPORT -- Ending May 31, 2011</p> <p><br>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=CATHOLIC|CHURCH">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=CATHOLIC|CHURCH</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.</p> <p>How to Subscribe to CATHOLIC CHURCH BANKRUPTCY NEWS</p> <p>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.</p> <p>To continue receiving CATHOLIC CHURCH BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=CATHOLIC|CHURCH">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=CATHOLIC|CHURCH</a></p> <p>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.</p> <p><br>Company: Bankruptcy Creditors' Service, Inc.<br>Contact: Peter A. Chapman<br>Phone: (215) 945-7000<br>Email: peter[@]<a href="http://bankrupt.com">bankrupt.com</a></p> Corporate Restructuring Reviewhttp://www.blogger.com/profile/12981434409097465147noreply@blogger.com0tag:blogger.com,1999:blog-2483470226035195093.post-50786167744960748702011-06-21T19:06:00.001-07:002011-06-21T19:06:30.941-07:00Extended Stay Trust To Get Examiner Docs, Sues Blackstone for $8BB<p class="MsoNormal"><span style="FONT-SIZE: 10pt" lang="EN-US">FAIRLESS HILLS, Pa. -- A bankruptcy examiner has agreed to turn over certain documents gathered during his investigation <span> </span>into the Extended Stay Inc. bankruptcy, including Alvarez & Marsal documents, to the litigation trust created under the hotel chain's bankruptcy plan. </span></p> <p class="MsoNormal"><span style="FONT-SIZE: 10pt" lang="EN-US"> </span></p> <p class="MsoNormal"><span style="FONT-SIZE: 10pt" lang="EN-US">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.<span> </span>The trust is seeking to recover more than $8 billion for the company's creditors.</span></p> <p class="MsoNormal"><span style="FONT-SIZE: 10pt" lang="EN-US"> </span></p> <p class="MsoNormal"><span style="FONT-SIZE: 10pt" lang="EN-US">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.<span> </span></span></p> <p class="MsoNormal"><span style="FONT-SIZE: 10pt" lang="EN-US"> </span></p> <p class="MsoNormal"><span style="FONT-SIZE: 10pt" lang="EN-US">The 7-page newsletter contains stories with these headlines:<br><br>[00342] EXTENDED STAY TRUST SUES BLACKSTONE FOR $8-BB OVER BUYOUT<br>[00343] EXTENDED STAY FILES 3RD POST-CONFIRMATION STATUS REPORT<br> [00344] ESI AFFILIATES' QUARTER OPERATING RPT -- Ended March 2010<br>[00345] ESI FILES DECLARATIONS ON FEBRUARY-MAY 2011 DISBURSEMENTS<br>[00346] EXTENDED STAY, ET AL., INK PACT FOR DOCUMENT TURNOVER<br>[00347] BANKRUPTCY APPEAL -- Starwood re Reimbursement Order<br> [00348] CLAIM WITHDRAWAL -- April 14, 2011<br><br><br>A copy of the newsletter can be purchased on-line with a major credit card at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=EXTENDED%7CSTAY%7CINC" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=EXTENDED|STAY|INC</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=EXTENDED%7CSTAY%7CINC" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=EXTENDED|STAY|INC</a></a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.<br> <br>EXTENDED STAY INC BANKRUPTCY NEWS tracks the restructuring of Extended Stay Inc.<br><br>How to Subscribe to EXTENDED STAY INC BANKRUPTCY NEWS<br><br>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.<br> <br>To continue receiving EXTENDED STAY INC BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=EXTENDED%7CSTAY%7CINC" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=EXTENDED|STAY|INC</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=EXTENDED%7CSTAY%7CINC" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=EXTENDED|STAY|INC</a></a></span></p> <p class="MsoNormal"><span style="FONT-SIZE: 10pt" lang="EN-US"> </span></p> Corporate Restructuring Reviewhttp://www.blogger.com/profile/12981434409097465147noreply@blogger.com0tag:blogger.com,1999:blog-2483470226035195093.post-78632258498670645472011-06-21T19:05:00.001-07:002011-06-21T19:05:37.579-07:00Borders' Revenues Dips to $97-MM, Net Loss Down to $35-MM in May<p class="MsoNormal"><span style="FONT-SIZE: 10pt" lang="EN-US">FAIRLESS HILLS, Pa. -- Borders Group, Inc. released its monthly operating report listing decreased revenues and net losses for May 2011.<span> </span>Revenues for the bookstore chain in May aggregate $97 million compared to $173 million in April.<span> </span>Net income losses are also down to $35 million in May over $132 million in April.</span></p> <p class="MsoNormal"><span style="FONT-SIZE: 10pt" lang="EN-US"> </span></p> <p class="MsoNormal"><span style="FONT-SIZE: 10pt" lang="EN-US">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.<span> </span>Borders expects to name a bidder by July 1, and aims to close a sale by the end of July.</span></p> <p class="MsoNormal"><span style="FONT-SIZE: 10pt" lang="EN-US"> </span></p> <p class="MsoNormal"><span style="FONT-SIZE: 10pt" lang="EN-US">More stories on the Borders case are available at BORDERS GROUP BANKRUPTCY NEWS, Issue No. 19, published by Bankruptcy Creditors' Service, Inc.<span> </span></span></p> <p class="MsoNormal"><span style="FONT-SIZE: 10pt" lang="EN-US"> </span></p> <p class="MsoNormal"><span style="FONT-SIZE: 10pt" lang="EN-US">The 13-page newsletter contains stories with these headlines:<br><br>[00278] BORDERS INKS 2ND AMENDMENT TO $505MM DIP CREDIT AGREEMENT<br>[00279] BORDERS TO NAME BIDDER JULY 1, TO HOLD AUCTION JULY 19<br> [00280] BORDERS TO COMPLETE DUAL-TRACK SALE OF BIZ BY END OF JULY<br>[00281] BORDERS WITHDRAWS 51-STORE CLOSING SALES MOTION<br>[00282] NAJAFI & GORES VIE TO WRITE FUTURE OF BORDERS, SAYS WSJ<br>[00283] DEBTORS' MOTION TO ASSUME AND ASSIGN LEASES TO TJX<br> [00284] DEBTORS' APPLICATION TO EMPLOY DELOITTE CONSULTING<br>[00285] COMMITTEE'S APPLICATION TO RETAIN LOWENSTEIN SANDLER<br>[00286] LANDLORDS' MOTIONS TO ALLOW SEC. 365(D)(3) CLAIMS<br>[00287] STIPULATIONS EXTENDING TIME TO ASSUME OR REJECT LEASES<br> [00288] NEW KOBO E-READER TOUCH EDITION AVAILABLE AT BORDERS<br>[00289] DEBTORS' MONTHLY OPERATING REPORT -- Ended May 28, 2011<br><br><br>A copy of the newsletter can be purchased on-line with a major credit card at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS%7CGROUP" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS|GROUP</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS%7CGROUP" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS|GROUP</a></a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.<br> <br>BORDERS GROUP BANKRUPTCY NEWS tracks the restructuring of Borders Group Inc (MI).<br><br>How to Subscribe to BORDERS GROUP BANKRUPTCY NEWS<br><br>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.<br> <br>To continue receiving BORDERS GROUP BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS%7CGROUP" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS|GROUP</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS%7CGROUP" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS|GROUP</a></a></span></p> <p class="MsoNormal"><span style="FONT-SIZE: 10pt" lang="EN-US"> </span></p> Corporate Restructuring Reviewhttp://www.blogger.com/profile/12981434409097465147noreply@blogger.com0tag:blogger.com,1999:blog-2483470226035195093.post-45004940784775476212011-06-19T17:57:00.001-07:002011-06-19T17:57:37.580-07:00Ambac Says IRS $1.6BB Tax Refund Claims Have No MeritFAIRLESS 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.<br> <br>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.<br> <br>The 9-page newsletter contains stories with these headlines:<br><br>[00183] DAVID WALLIS RESIGNS AS AFG CEO, DIANA ADAMS TO TAKE OVER<br>[00184] DEBTOR'S OBJECTION TO IRS'S $1.64 BILLION CLAIMS<br>[00185] AFG AGREES TO LIFT STAY TO ALLOW $27.1-MIL. SETTLEMENT<br> [00186] DEBTOR'S 1ST TO 16TH OMNIBUS OBJECTIONS TO CLAIMS<br>[00187] OCI TAPS R. PETERSON TO MANAGE AAC'S SEGREGATED ACCOUNT<br><br><br>A copy of the newsletter can be purchased on-line with a major credit card at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=AMBAC" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=AMBAC</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=AMBAC" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=AMBAC</a></a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.<br> <br>AMBAC BANKRUPTCY NEWS tracks the restructuring of Ambac Financial Group Inc.<br><br>How to Subscribe to AMBAC BANKRUPTCY NEWS<br><br>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.<br> <br>To continue receiving AMBAC BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=AMBAC" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=AMBAC</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=AMBAC" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=AMBAC</a></a><br> Corporate Restructuring Reviewhttp://www.blogger.com/profile/12981434409097465147noreply@blogger.com0tag:blogger.com,1999:blog-2483470226035195093.post-18519754524242520072011-06-19T02:25:00.001-07:002011-06-19T02:25:55.940-07:00Beard Group Corporate Restructuring Review for May 2011The Beard Group Corporate Restructuring Review for May 2011 is now<br>available at <a href="http://bankrupt.com/restructuringreview/">http://bankrupt.com/restructuringreview/</a><br> Corporate Restructuring Reviewhttp://www.blogger.com/profile/12981434409097465147noreply@blogger.com0tag:blogger.com,1999:blog-2483470226035195093.post-88777749717434821162011-06-12T17:19:00.001-07:002011-06-12T17:19:45.888-07:00Borders Notifies Late Filing of April 2011 Quarter Report<p class="MsoNormal"><span style="FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt" lang="EN-US">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 <span class="il">for</span> the period ended April 2011 late due to unavoidable circumstances.</span></p> <p class="MsoNormal"><span style="FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt" lang="EN-US"> </span></p> <p class="MsoNormal"><span style="FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt" lang="EN-US">The bookstore chain is also seeking bankruptcy court authority to conduct store closing sales on 51 of its stores. </span></p> <p class="MsoNormal"><span style="FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt" lang="EN-US"> </span></p> <p class="MsoNormal"><span style="FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt" lang="EN-US">Details on the Form 10-Q late filing, the proposed sale of the 51-store assets, and the reported bid of Najafi Cos. <span class="il">for</span> Borders, among other things, are available at BORDERS GROUP BANKRUPTCY NEWS, Issue No. 17, published by Bankruptcy Creditors' Service, Inc.</span></p> <p class="MsoNormal"><span style="FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt" lang="EN-US"> </span></p> <p class="MsoNormal"><span style="FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt" lang="EN-US">The 14-page newsletter contains stories with these headlines:<br><br>[00257] BORDERS SEEKS TO CONDUCT STORE CLOSING SALES AT 51 STORES<br> [00258] BORDERS ALSO IN SALE TALKS WITH NAJAFI COS., SAYS WSJ<br>[00259] DEBTORS' MOTION TO REJECT SEATTLE'S BEST LICENSING PACT<br>[00260] DEBTORS' APPLICATION TO EMPLOY KASOWITZ BENSON AS COUNSEL<br>[00261] DEBTORS' APPLICATION TO EMPLOY DELOITTE CONSULTING<br> [00262] LANDLORDS' MOTIONS TO ALLOW SEC. 365(D)(3) CLAIMS<br>[00263] STIPULATIONS EXTENDING TIME TO ASSUME OR REJECT LEASES<br>[00264] JOHN GANNON'S LETTER SEEKING SUMMARY AMOUNT<br>[00265] BORDERS NOTIFIES LATE FILING OF APRIL 2011 QUARTER REPORT<br> [00266] CLOUTIER RESIGNS AS BORDERS CHIEF MERCHANDISING OFFICER<br>[00267] BORDERS CONSIDERS HEADQUARTERS MOVE TO VAN BUREN TOWNSHIP<br><br><br>A copy of the newsletter can be purchased on-line with a major credit card at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS%7CGROUP" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS|GROUP</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS%7CGROUP" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS|GROUP</a></a> <span class="il">for</span> $45. Copies of all back issues are also available <span class="il">for</span> purchase at BCSI's on-line newsstand.<br> <br>BORDERS GROUP BANKRUPTCY NEWS tracks the restructuring of Borders Group Inc (MI).<br><br>How to Subscribe to BORDERS GROUP BANKRUPTCY NEWS<br><br>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 <span class="il">for</span> their own subscriptions. Subscriptions may be canceled at any time without further obligation.<br> <br>To continue receiving BORDERS GROUP BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS%7CGROUP" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS|GROUP</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS%7CGROUP" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS|GROUP</a></a></span></p> Corporate Restructuring Reviewhttp://www.blogger.com/profile/12981434409097465147noreply@blogger.com0tag:blogger.com,1999:blog-2483470226035195093.post-12718831850245923832011-06-12T17:18:00.002-07:002011-06-12T17:19:00.948-07:00Ambac Reports $25-Mil. Net Profit for April<p class="MsoNormal">FAIRLESS HILLS, Pa. -- Ambac Financial Group, Inc. listed approximately $25 million in net profits <span class="il">for</span> the month of April.</p> <p class="MsoNormal"> </p> <p class="MsoNormal">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.</p> <p class="MsoNormal"> </p> <p class="MsoNormal">The 7-page newsletter contains stories with these headlines:<br><br>[00180] REHABILITATOR FILES STATUS REPORT ON AAC'S REHAB PLAN<br>[00181] AAC BARRED FROM MAKING INTEREST PAYMENTS ON SURPLUS NOTES<br> [00182] MONTHLY OPERATING REPORT -- Ended April 30, 2011<br><br><br>A copy of the newsletter can be purchased on-line with a major credit card at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=AMBAC" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=AMBAC</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=AMBAC" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=AMBAC</a></a> <span class="il">for</span> $45. Copies of all back issues are also available <span class="il">for</span> purchase at BCSI's on-line newsstand.<br> <br>AMBAC BANKRUPTCY NEWS tracks the restructuring of Ambac Financial Group Inc.<br><br>How to Subscribe to AMBAC BANKRUPTCY NEWS<br><br>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 <span class="il">for</span> their own subscriptions. Subscriptions may be canceled at any time without further obligation.<br> <br>To continue receiving AMBAC BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=AMBAC" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=AMBAC</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=AMBAC" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=AMBAC</a></a></p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> Corporate Restructuring Reviewhttp://www.blogger.com/profile/12981434409097465147noreply@blogger.com0tag:blogger.com,1999:blog-2483470226035195093.post-14169441119782378832011-06-12T17:18:00.001-07:002011-06-12T17:18:27.989-07:00Court Orders Disbandment of Delphi Retirees' Committee<p class="MsoNormal"><span style="FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt" lang="EN-US">FAIRLESS HILLS, Pa. -- Judge Robert Drain has ordered the disbandment of the retirees' committee in Delphi.</span></p> <p class="MsoNormal"><span style="FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt" lang="EN-US"> </span></p> <p class="MsoNormal"><span style="FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt" lang="EN-US">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.</span></p> <p class="MsoNormal"><span style="FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt" lang="EN-US"> </span></p> <p class="MsoNormal"><span style="FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt" lang="EN-US">The 27-page newsletter contains stories with these headlines:<br><br>[03023] DELPHI AUTOMOTIVE FILES $100-MIL. INITIAL PUBLIC OFFERING<br> [03024] DELPHI AUTOMOTIVE PAID $51-MIL. TO 7 TOP EXECS IN 2010<br>[03025] DELPHI CORPORATION ISSUED $1-BIL. IN SENIOR NOTES<br>[03026] DELPHI AUTOMOTIVE BUYS BACK GM & PBGC STAKE <span class="il">FOR</span> $4.39-BB<br> [03027] DELPHI AND RETIREES STIPULATE TO INITIATE ACTION VS. PBGC<br>[03028] COURT ORDERS DISBANDMENT OF RETIREES' COMMITTEE<br>[03029] RETIREES COMM.'S MOTION TO DESIGNATE DSRA VEBA BENEFITS<br>[03030] DEBTORS' 3RD OMNIBUS OBJECTION TO CLAIMS<br> [03031] DEBTORS' 43RD OMNIBUS OBJECTION TO CLAIMS<br>[03032] DEBTORS' 44TH OMNIBUS OBJECTION TO CLAIMS<br>[03033] DEBTORS' 47TH OMNIBUS OBJECTION TO CLAIMS<br>[03034] DELPHI OPENS WIRING HARNESS ASSEMBLY PLANT IN ROMANIA<br> [03035] DELPHI BRINGS CONVERTIBLE PC DIAGNOSTIC TOOL TO ITALY<br>[03036] DELPHI PROVIDES INFOTAINMENT TO DRIVERS THRU MYFI<br>[03037] DELPHI OFFERS ENGINEERING EXPERTISE IN EXPO EUROPE<br>[03038] DELPHI PRESENTED SIMULATION METHOD REPORT AT VTMS 2011<br> [03039] S&P ASSIGNS 'BB' CORP. CREDIT RATING TO DELPHI AUTOMOTIVE<br>[03040] DELPHI WORKS TO CLOSE SALE OF BAZETTA, OHIO PLANTS<br><br><br>A copy of the newsletter can be purchased on-line with a major credit card at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=DELPHI" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=DELPHI</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=DELPHI" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=DELPHI</a></a> <span class="il">for</span> $45. Copies of all back issues are also available <span class="il">for</span> purchase at BCSI's on-line newsstand.<br> <br>DELPHI BANKRUPTCY NEWS tracks the restructuring of Delphi Corp.<br><br>How to Subscribe to DELPHI BANKRUPTCY NEWS<br><br>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 <span class="il">for</span> their own subscriptions. Subscriptions may be canceled at any time without further obligation.<br> <br>To continue receiving DELPHI BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=DELPHI" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=DELPHI</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=DELPHI" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=DELPHI</a></a></span></p> <p class="MsoNormal"><span style="FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt" lang="EN-US"> </span></p> Corporate Restructuring Reviewhttp://www.blogger.com/profile/12981434409097465147noreply@blogger.com0tag:blogger.com,1999:blog-2483470226035195093.post-38115832697002410062011-06-12T17:17:00.001-07:002011-06-12T17:17:38.022-07:00BORDERS Obtains Exclusivity thru October to File Bankruptcy PlanFAIRLESS 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.<br> <br>Other Borders stories, including Judge's Glenn reasoning <span class="il">for</span> 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.<br> <br>The 18-page newsletter contains stories with these headlines:<br><br>[00247] COURT GIVES BORDERS MORE TIME TO FILE CHAPTER 11 PLAN<br>[00248] BORDERS HOPES TO FILE PLAN BY END OF JUNE, SAYS LAWYER<br>[00249] BORDERS IN TALKS WITH GORES GROUP OVER SALE OF 200 STORES<br> [00250] DEBTORS' MOTION TO REJECT SEATTLE'S BEST LICENSING PACT<br>[00251] DEBTORS' MOTION TO REJECT 100 EXECUTORY CONTRACTS<br>[00252] DEBTORS' MOTION TO APPROVE BOFA PACT ON COMPENSATION PLAN<br>[00253] DEBTORS' MOTION TO ASSUME AND ASSIGN LEASES TO TJX<br> [00254] STIPULATIONS EXTENDING TIME TO ASSUME OR REJECT LEASES<br>[00255] RULE 2019 STATEMENT -- Davis Wright Tremaine LLP<br>[00256] BORDERS OFFERS CUSTOMERS ACCESS TO KOBO E-BOOK STORE<br><br><br>A copy of the newsletter can be purchased on-line with a major credit card at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS%7CGROUP" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS|GROUP</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS%7CGROUP" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS|GROUP</a></a> <span class="il">for</span> $45. Copies of all back issues are also available <span class="il">for</span> purchase at BCSI's on-line newsstand.<br> <br>BORDERS GROUP BANKRUPTCY NEWS tracks the restructuring of Borders Group Inc (MI).<br><br>How to Subscribe to BORDERS GROUP BANKRUPTCY NEWS<br><br>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 <span class="il">for</span> their own subscriptions. Subscriptions may be canceled at any time without further obligation.<br> <br>To continue receiving BORDERS GROUP BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS%7CGROUP" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS|GROUP</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS%7CGROUP" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS|GROUP</a></a><br> Corporate Restructuring Reviewhttp://www.blogger.com/profile/12981434409097465147noreply@blogger.com0tag:blogger.com,1999:blog-2483470226035195093.post-6101783301746462552011-06-12T17:16:00.001-07:002011-06-12T17:16:22.638-07:00Ambac Financial to File Bankruptcy Plan in June<p class="MsoNormal"><span style="FONT-SIZE: 10pt" lang="EN-US">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.<span> </span>This move is amidst the company's <span> </span>dissatisfaction with an offer of the Wisconsin insurance regulator who currently oversees the rehabilitation of the company's operating unit, Ambac Assurance Corporation.</span></p> <p class="MsoNormal"><span style="FONT-SIZE: 10pt" lang="EN-US"> </span></p> <p class="MsoNormal"><span style="FONT-SIZE: 10pt" lang="EN-US">This story, and other developments, in the Ambac Financial case is available in AMBAC BANKRUPTCY NEWS, Issue No. 19,<span> </span>published by Bankruptcy Creditors' Service, Inc. <span> </span>The 7-page newsletter contains stories with these headlines:<br> <br>[00171] AFG FINDS OCI'S TERM SHEET DISAPPOINTING, SAYS LAWYER<br>[00172] AFG TO FILE CHAPTER 11 REORGANIZATION PLAN BY JUNE<br>[00173] DEBTOR'S OBJECTION TO NY FINANCE DEPT.'S $116-MIL. CLAIM<br>[00174] AFG AGREES TO LIFT STAY TO ALLOW $27.1-MIL. SETTLEMENT<br> [00175] DEBTOR'S 2ND MOTION TO EXTEND ACTION REMOVAL PERIOD<br>[00176] DEBTOR'S MOTION TO ASSUME AND ASSIGN KINGSTON LEASE<br>[00177] DEBTOR'S MOTION TO EMPLOY ORDINARY COURSE PROFESSIONALS<br>[00178] BANKRUPTCY PROFESSIONALS FILE FEE APPLICATIONS<br> [00179] AFG RECEIVES SUBPOENA ON MORTGAGE SECURITIZATION PROBE<br><br><br>A copy of the newsletter can be purchased on-line with a major credit card at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=AMBAC" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=AMBAC</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=AMBAC" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=AMBAC</a></a> <span class="il">for</span> $45. Copies of all back issues are also available <span class="il">for</span> purchase at BCSI's on-line newsstand.<br> <br>AMBAC BANKRUPTCY NEWS tracks the restructuring of Ambac Financial Group Inc.<br><br>How to Subscribe to AMBAC BANKRUPTCY NEWS<br><br>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 <span class="il">for</span> their own subscriptions. Subscriptions may be canceled at any time without further obligation.<br> <br>To continue receiving AMBAC BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=AMBAC" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=AMBAC</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=AMBAC" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=AMBAC</a></a></span></p> <p class="MsoNormal"><span style="FONT-SIZE: 10pt" lang="EN-US"> </span></p> Corporate Restructuring Reviewhttp://www.blogger.com/profile/12981434409097465147noreply@blogger.com0tag:blogger.com,1999:blog-2483470226035195093.post-41798363540588354862011-05-24T23:47:00.001-07:002011-05-24T23:47:00.989-07:00Beard Group Corporate Restructuring Review for April 2011The Beard Group Corporate Restructuring Review for April 2011 is now available at <a href="http://bankrupt.com/restructuringreview/" target="_blank">http://bankrupt.com/restructuringreview/</a><br> Corporate Restructuring Reviewhttp://www.blogger.com/profile/12981434409097465147noreply@blogger.com0tag:blogger.com,1999:blog-2483470226035195093.post-29747095612937759302011-05-24T21:33:00.001-07:002011-05-24T21:33:57.769-07:00Borders Seeks Exclusive Right to File Plan Til October<p class="MsoNormal">FAIRLESS HILLS, Pa. -- Borders Group, Inc. seeks court authority for an extension of its exclusive right to file a Chapter 11 plan through October.</p> <p class="MsoNormal"> </p> <p class="MsoNormal">Other stories on the Borders bankruptcy case, including the company's latest monthly operating report for April and its decision to terminate agreement with Seattle's Best, is available at BORDERS GROUP BANKRUPTCY NEWS, Issue No. 15, published by Bankruptcy Creditors' Service, Inc.</p> <p class="MsoNormal"> </p> <p class="MsoNormal">The 15-page newsletter contains stories with these headlines:<br><br>[00237] DEBTORS' 1ST MOTION TO EXTEND EXCLUSIVE PERIODS<br>[00238] DEBTORS' MOTION TO REJECT SEATTLE'S BEST LICENSING PACT<br> [00239] DEBTORS' MOTION TO REJECT 100 EXECUTORY CONTRACTS<br>[00240] DEBTORS' MOTION TO EMPLOY ORDINARY COURSE PROFESSIONALS<br>[00241] ENTITIES FILE NOTICES OF SUBSTANTIAL STOCK OWNERSHIP<br>[00242] STIPULATION FOR REPLACEMENT LOC WITH TRAVELERS INDEMNITY<br> [00243] STIPULATIONS EXTENDING TIME TO ASSUME OR REJECT LEASES<br>[00244] PERSHING SQUARE DUMPS 1.06MM SHARES OF BORDERS STOCK<br>[00245] CLAIM TRANSFERS -- April 2011<br>[00246] DEBTORS' MONTHLY OPERATING REPORT -- Ended Apr. 30, 2011<br> <br><br>A copy of the newsletter can be purchased on-line with a major credit card at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS%7CGROUP" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS|GROUP</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS%7CGROUP" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS|GROUP</a></a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.<br> <br>BORDERS GROUP BANKRUPTCY NEWS tracks the restructuring of Borders Group Inc (MI).<br><br>How to Subscribe to BORDERS GROUP BANKRUPTCY NEWS<br><br>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.<br> <br>To continue receiving BORDERS GROUP BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS%7CGROUP" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS|GROUP</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS%7CGROUP" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS|GROUP</a></a></p> Corporate Restructuring Reviewhttp://www.blogger.com/profile/12981434409097465147noreply@blogger.com0tag:blogger.com,1999:blog-2483470226035195093.post-91744966020443034052011-05-17T21:08:00.001-07:002011-05-17T21:08:47.044-07:00Free Access to 16 Years of TCR News T R O U B L E D C O M P A N Y R E P O R T E R<br><br><br> Free Access to 16 Years of TCR News<br><br>All subscribers to the Troubled Company Reporter have unrestricted<br>access to our 16-year news archive at <a href="http://tcrresources.bankrupt.com/" target="_blank">http://TCRResources.bankrupt.com/</a><br> where news is indexed by company name. There is no charge for this<br>service; it's included with your TCR subscription. Login to our<br>database system using the e-mail address to which your copy of the<br>TCR is delivered each day.<br> <br> Beard Group Corporate Restructuring Review<br><br>Beard Group is now distributing a free monthly audio presentation at<br><a href="http://bankrupt.com/restructuringreview/" target="_blank">http://bankrupt.com/restructuringreview/</a> in which TCR editors discuss<br> recent large chapter 11 filings, chapter 11 filings they see on the<br>horizon, billion-dollar litigation disputes, delayed chapter 11 exits,<br>and new issues of publicly traded securities in high-profile cases.<br><br> *********<br> <br>Monday's edition of the TCR delivers a list of indicative prices<br>for bond issues that reportedly trade well below par. Prices are<br>obtained by TCR editors from a variety of outside sources during<br>the prior week we think are reliable. Those sources may not,<br> however, be complete or accurate. The Monday Bond Pricing table<br>is compiled on the Friday prior to publication. Prices reported<br>are not intended to reflect actual trades. Prices for actual<br>trades are probably different. Our objective is to share<br> information, not make markets in publicly traded securities.<br>Nothing in the TCR constitutes an offer or solicitation to buy or<br>sell any security of any kind. It is likely that some entity<br>affiliated with a TCR editor holds some position in the issuers"<br> public debt and equity securities about which we report.<br><br>Each Tuesday edition of the TCR contains a list of companies with<br>insolvent balance sheets whose shares trade higher than $3 per<br>share in public markets. At first glance, this list may look like<br> the definitive compilation of stocks that are ideal to sell short.<br>Don't be fooled. Assets, for example, reported at historical cost<br>net of depreciation may understate the true value of a firm's<br>assets. A company may establish reserves on its balance sheet for<br> liabilities that may never materialize. The prices at which<br>equity securities trade in public market are determined by more<br>than a balance sheet solvency test.<br><br>A list of Meetings, Conferences and Seminars appears in each<br> Wednesday's edition of the TCR. Submissions about insolvency-<br>related conferences are encouraged. Send announcements to<br><a href="mailto:conferences@bankrupt.com">conferences@bankrupt.com</a> by e-mail.<br><br> On Thursdays, the TCR delivers a list of recently filed<br>Chapter 11 cases by individuals and business entities estimating<br>assets and debts or disclosing assets and liabilities at less than<br>$1,000,000. The list includes links to freely downloadable images<br> of the small-dollar business-related petitions in Acrobat PDF<br>format.<br><br>Each Friday's edition of the TCR includes a review about a book of<br>interest to troubled company professionals. All titles are<br>available at your local bookstore or through Amazon.com. Go to<br> <a href="http://www.bankrupt.com/books/" target="_blank">http://www.bankrupt.com/books/</a> to order any title today.<br><br>Monthly Operating Reports are summarized in every Saturday edition<br>of the TCR.<br><br>The Sunday TCR delivers securitization rating news from the week<br> then-ending.<br><br>For copies of court documents filed in the District of Delaware,<br>please contact Vito at Parcels, Inc., at <a href="tel:302-658-9911" value="+13026589911">302-658-9911</a>. For<br>bankruptcy documents filed in cases pending outside the District<br> of Delaware, contact Ken Troubh at Nationwide Research &<br>Consulting at <a href="tel:207%2F791-2852" value="+12077912852">207/791-2852</a>.<br><br> *********<br><br>S U B S C R I P T I O N I N F O R M A T I O N<br> <br>Troubled Company Reporter is a daily newsletter co-published<br>by Bankruptcy Creditors" Service, Inc., Fairless Hills,<br>Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,<br>USA. Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Howard<br> C. Tolentino, Joseph Medel C. Martirez, Denise Marie Varquez,<br>Philline Reluya, Ronald C. Sy, Joel Anthony G. Lopez, Cecil R.<br>Villacampa, Sheryl Joy P. Olano, Carlo Fernandez, Christopher G.<br>Patalinghug, and Peter A. Chapman, Editors.<br> <br>Copyright 2011. All rights reserved. ISSN: 1520-9474.<br><br>This material is copyrighted and any commercial use, resale or<br>publication in any form (including e-mail forwarding, electronic<br>re-mailing and photocopying) is strictly prohibited without prior<br> written permission of the publishers. Information contained<br>herein is obtained from sources believed to be reliable, but is<br>not guaranteed.<br><br>The TCR subscription rate is $775 for 6 months delivered via e-<br> mail. Additional e-mail subscriptions for members of the same<br>firm for the term of the initial subscription or balance thereof<br>are $25 each. For subscription information, contact Christopher<br>Beard at <a href="tel:240%2F629-3300" value="+12406293300">240/629-3300</a>.<br> <br> Corporate Restructuring Reviewhttp://www.blogger.com/profile/12981434409097465147noreply@blogger.com0tag:blogger.com,1999:blog-2483470226035195093.post-33373688558369103002011-05-02T22:02:00.001-07:002011-05-02T22:02:42.787-07:00Borders Reports Losses: $299MM in 2010, $54MM in Feb.-Mar. 2011<span style="font-size: 10pt; font-family: "Courier New";">FAIRLESS HILLS, Pa. -- Borders Group Inc. has finally released its annual report for 2010 and operating reports for the first two months in 2011.<span> </span>Net losses for 2010 were listed at $299 million.<span> </span>Losses for the February to March 2011 period aggregate approximately $54 million.</span> <p class="MsoNormal"><span style="font-size: 10pt; font-family: "Courier New";"> </span></p> <p class="MsoNormal"><span style="font-size: 10pt; font-family: "Courier New";">After a few hitches, Borders has also been given the go signal to implement its employee bonus plans, on modified terms.<span> </span>Eligible employees under the plan can receive up to a maximum of $7 million.<span> </span></span></p> <p class="MsoNormal"><span style="font-size: 10pt; font-family: "Courier New";"> </span></p> <p class="MsoNormal"><span style="font-size: 10pt; font-family: "Courier New";">Details on Borders' bonus plans and financial reports, including reports that the Company might be seeking additional financing soon, are available in BORDERS GROUP BANKRUPTCY NEWS, Issue No. 13, published by Bankruptcy Creditors' Service, Inc.</span></p> <p class="MsoNormal"><span style="font-size: 10pt; font-family: "Courier New";"> </span></p> <p class="MsoNormal"><span style="font-size: 10pt; font-family: "Courier New";">The 33-page newsletter contains stories with these headlines:<br> <br> [00202] COURT APPROVES BORDERS MODIFIED BONUS PLAN FOR EXECUTIVES<br> [00203] BORDERS TO HAND $7MM IN BONUSES UNDER MODIFIED PLANS<br> [00204] BORDERS TO SEEK $50MM IN ADD'L. FINANCING, SOURCES SAY<br> [00205] DEBTORS' 1ST MOTION TO EXTEND ACTION REMOVAL PERIOD<br> [00206] DEBTORS' MOTION TO ASSUME & ASSIGN STORE LEASES TO AGREE<br> [00207] DEBTORS' MOTION TO APPROVE OCW LEASE TERMINATION PACT<br> [00208] DEBTORS' MOTION TO APPROVE TIAA LEASE TERMINATION PACT<br> [00209] DEBTORS' MOTION TO SET DE MINIMIS ASSET SALE PROCEDURES<br> [00210] DEBTORS' NOTICES TO REJECT LEASES WITH EMPRESAS, ET AL.<br> [00211] DEBTORS' MOTION TO EMPLOY ORDINARY COURSE PROFESSIONALS<br> [00212] PALLET COMPANIES' MOTION TO ALLOW $8,270 ADMIN. CLAIM<br> [00213] STIPULATIONS EXTENDING TIME TO ASSUME OR REJECT LEASES<br> [00214] AGREE REALTY SELLS BORDERS-LEASED PROPERTIES FOR $6.5MM<br> [00215] COURIER CORP. COVERS BORDERS BAD DEBT OF $750,000<br> [00216] BORDERS GROUP RELEASES 2010 ANNUAL REPORT<br> [00217] DEBTORS' MONTHLY OPERATING REPORT -- Ended Feb. 26, 2011<br> [00218] DEBTORS' MONTHLY OPERATING REPORT -- Ended Mar. 26, 2011<br> <br> <br> A copy of the newsletter can be purchased on-line with a major credit card at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS%7CGROUP" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS|GROUP</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS%7CGROUP" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BORDERS|GROUP</a></a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.<br> <br> BORDERS GROUP BANKRUPTCY NEWS tracks the restructuring of Borders Group Inc (MI).<br> <br> How to Subscribe to BORDERS GROUP BANKRUPTCY NEWS<br> <br> 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.<br> <br> To continue receiving BORDERS GROUP BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS%7CGROUP" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS|GROUP</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS%7CGROUP" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=BORDERS|GROUP</a></a></span></p> <p class="MsoNormal"><span style="font-size: 10pt; font-family: "Courier New";"> </span></p> <p class="MsoNormal"><span style="font-size: 10pt; font-family: "Courier New";">Company: Bankruptcy Creditors' Service, Inc. </span></p> <p class="MsoNormal"><span style="font-size: 10pt; font-family: "Courier New";">Contact: Peter A. Chapman </span></p> <p class="MsoNormal"><span style="font-size: 10pt; font-family: "Courier New";">Phone: (215) 945-7000 </span></p> <p class="MsoNormal"><span style="font-size: 10pt; font-family: "Courier New";">Email: peter[@]<a href="http://bankrupt.com/" target="_blank">bankrupt.com</a></span></p> <p class="MsoNormal"><span style="font-size: 10pt; font-family: "Courier New";"> </span></p> Corporate Restructuring Reviewhttp://www.blogger.com/profile/12981434409097465147noreply@blogger.com0tag:blogger.com,1999:blog-2483470226035195093.post-67024950854091554972011-04-27T20:20:00.001-07:002011-04-27T20:20:56.775-07:00GGP Made $837-Mil. Disbursements for Quarter Ended March 31<div><font face="'courier new', monospace">FAIRLESS HILLS, Pa. -- GGP, Inc., made disbursements totaling more than $837 million during the quarter ended March 31, 2011, the company said in a post-confirmation report it filed with the bankruptcy court.</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">More news on the General Growth case, including the Company's financial results for the quarter ended March 31, 2011, is available in GENERAL GROWTH Bankruptcy News, Issue No. 85 published by Bankruptcy Creditors' Service, Inc.</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">The 14-page newsletter contains stories with these headlines:</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">[01338] GGP FILES 3RD POST-CONFIRMATION STATUS REPORT</font></div> <div><font face="'courier new', monospace">[01339] DEBTORS & U.S. TRUSTEE OPPOSE BROWN RUDNICK'S $3.3MM FEES</font></div><div><font face="'courier new', monospace">[01340] TABERNA'S MOTION TO COMPEL PAYMENT OF FEES FOR $980,134</font></div> <div><font face="'courier new', monospace">[01341] DEBTORS' 42ND OMNIBUS OBJECTION TO CLAIMS</font></div><div><font face="'courier new', monospace">[01342] DEBTORS' 80TH TO 84TH OMNIBUS OBJECTIONS TO CLAIMS</font></div> <div><font face="'courier new', monospace">[01343] COURT SUPPLEMENTS VARIOUS OMNIBUS CLAIM OBJECTION ORDERS</font></div><div><font face="'courier new', monospace">[01344] BANKRUPTCY PROFESSIONALS FILE FEE APPLICATIONS</font></div> <div><font face="'courier new', monospace">[01345] ALLEN MODEL DISCLOSES OWNERSHIP OF THHC COMMON STOCK</font></div><div><font face="'courier new', monospace">[01346] NEW GGP RELEASES FIRST QUARTER 2011 RESULTS</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">A copy of the newsletter can be purchased on-line with a major credit card at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=GENERAL%7CGROWTH" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=GENERAL|GROWTH</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=GENERAL%7CGROWTH" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=GENERAL|GROWTH</a></a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">GENERAL GROWTH BANKRUPTCY NEWS tracks the restructuring of General Growth Properties Inc.</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">How to Subscribe to GENERAL GROWTH BANKRUPTCY NEWS</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">GENERAL GROWTH 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.</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">To continue receiving GENERAL GROWTH BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=GENERAL%7CGROWTH" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=GENERAL|GROWTH</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=GENERAL%7CGROWTH" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=GENERAL|GROWTH</a></a></font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">Company: Bankruptcy Creditors' Service, Inc. </font></div> <div><font face="'courier new', monospace">Contact: Peter A. Chapman </font></div><div><font face="'courier new', monospace">Phone: (215) 945-7000 </font></div> <div><font face="'courier new', monospace">Email: peter[@]<a href="http://bankrupt.com/" target="_blank">bankrupt.com</a></font></div> Corporate Restructuring Reviewhttp://www.blogger.com/profile/12981434409097465147noreply@blogger.com0tag:blogger.com,1999:blog-2483470226035195093.post-52727269092788988642011-04-27T20:16:00.001-07:002011-04-27T20:16:44.236-07:00WR Grace & EPA Ink Deal to Clean-up Dekalb County Site<div><font face="'courier new', monospace">FAIRLESS HILLS, Pa. -- W.R. Grace & Co. and the U.S. Environmental Protection Agency ask approval from the bankruptcy court of an agreement for the clean-up of the Zonolite Road Site in Atlanta, Dekalb County, Georgia.</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">More news on the Grace case, including the Company's financial results for the quarter ended March 31, 2011, is available in W.R. GRACE Bankruptcy News, Issue No. 230 published by Bankruptcy Creditors' Service, Inc.</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">The 20-page newsletter contains stories with these headlines:</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">[02469] GRACE REPORTS FIRST QUARTER 2011 FINANCIAL RESULTS</font></div> <div><font face="'courier new', monospace">[02470] DEBTORS' MOTION TO APPROVE 2011 LONG-TERM INCENTIVE PLAN</font></div><div><font face="'courier new', monospace">[02471] DEBTORS' MOTION TO APPROVE DEKALB COUNTY CONSENT ORDER</font></div> <div><font face="'courier new', monospace">[02472] ANDERSON MEMORIAL'S MOTION FOR CLASS CERTIFICATION</font></div><div><font face="'courier new', monospace">[02473] CANADIAN ZAI COUNSEL'S MOTION TO HIRE COLLECTIVA</font></div> <div><font face="'courier new', monospace">[02474] DEBTORS OBJECT TO ILLINOIS REVENUE DEPT.'S $3.4MM CLAIM</font></div><div><font face="'courier new', monospace">[02475] W.R. GRACE REPORTS 1ST QUARTER 2011 CLAIMS SETTLEMENTS</font></div> <div><font face="'courier new', monospace">[02476] W.R. GRACE REPORTS 1STQ 2011 DE MINIMIS ASSET SALES</font></div><div><font face="'courier new', monospace">[02477] YORK, ET AL.'S NOTICES OF INTENT TO ACQUIRE EQUITY SHARES</font></div> <div><font face="'courier new', monospace">[02478] CREDITORS FILE NOTICES OF CHANGE OF ADDRESS</font></div><div><font face="'courier new', monospace">[02479] BANKRUPTCY APPEALS -- Committee, et al. re Jan. 31 Order</font></div> <div><font face="'courier new', monospace">[02480] GRACE'S 2010 ANNUAL REPORT AND FORM 10-K NOW AVAILABLE</font></div><div><font face="'courier new', monospace">[02481] GRACE CELEBRATES 2011 EARTH DAY WORLDWIDE</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">A copy of the newsletter can be purchased on-line with a major credit card at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=W.R.%7CGRACE" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=W.R.|GRACE</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=W.R.%7CGRACE" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=W.R.|GRACE</a></a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">W.R. GRACE BANKRUPTCY NEWS tracks the restructuring of W.R. Grace & Co and WR Grace & Co-Conn.</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">How to Subscribe to W.R. GRACE BANKRUPTCY NEWS</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">W.R. GRACE 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.</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">To continue receiving W.R. GRACE BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=W.R.%7CGRACE" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=W.R.|GRACE</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=W.R.%7CGRACE" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=W.R.|GRACE</a></a></font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">Company: Bankruptcy Creditors' Service, Inc. </font></div> <div><font face="'courier new', monospace">Contact: Peter A. Chapman </font></div><div><font face="'courier new', monospace">Phone: (215) 945-7000 </font></div> <div><font face="'courier new', monospace">Email: peter[@]<a href="http://bankrupt.com/" target="_blank">bankrupt.com</a></font></div> Corporate Restructuring Reviewhttp://www.blogger.com/profile/12981434409097465147noreply@blogger.com0tag:blogger.com,1999:blog-2483470226035195093.post-80596462441940364212011-04-26T19:52:00.001-07:002011-04-26T19:52:18.105-07:00Court to Conclude Tribune Plan Trial in June<div><font face="'courier new', monospace">FAIRLESS HILLS, Pa. -- Judge Kevin J. Carey of the U.S. Bankruptcy Court in Delaware will conclude the plan confirmation trial in Tribune Co.'s bankruptcy cases in June when post-briefing and argument will occur.</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">More news on the Tribune case, including the Court's approval of Tribune's request to resolicit votes on its plan of reorganization, is available in TRIBUNE Bankruptcy News, Issue No. 75 published by Bankruptcy Creditors' Service, Inc.</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">The 12-page newsletter contains stories with these headlines:</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">[01261] TRIBUNE CO. TO RESOLICIT VOTES ON SECOND AMENDED PLAN</font></div> <div><font face="'courier new', monospace">[01262] JUDGE CAREY TO RULE ON RESOLICITATION OF PLANS ON MAY 17</font></div><div><font face="'courier new', monospace">[01263] SAM ZELL OBJECTS TO CH. 11 PLANS TO REORGANIZE TRIBUNE</font></div> <div><font face="'courier new', monospace">[01264] DEBTORS' MOTION TO AMEND VOTING RESULTS TO DCL PLAN</font></div><div><font face="'courier new', monospace">[01265] SAM ZELL'S MOTION FOR CLARIFICATION ON RULE 9011 MOTION</font></div> <div><font face="'courier new', monospace">[01266] COMMITTEE'S MOTION TO AMEND "TERMINATION EVENT"</font></div><div><font face="'courier new', monospace">[01267] AURELIUS ET AL.'s MOTION TO SUE 2007 LBO SHAREHOLDERS</font></div> <div><font face="'courier new', monospace">[01268] DEBTORS' MOTION TO ESTABLISH CURE AMOUNTS PROCEDURES</font></div><div><font face="'courier new', monospace">[01269] FORMER OFFICERS' MOTIONS TO DEEM CLAIMS TIMELY FILED</font></div> <div><font face="'courier new', monospace">[01270] COMMITTEE'S APPLICATION TO RETAIN SVG AS SPECIAL COUNSEL</font></div><div><font face="'courier new', monospace"><br> </font></div><div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">A copy of the newsletter can be purchased on-line with a major credit card at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=TRIBUNE" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=TRIBUNE</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=TRIBUNE" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=TRIBUNE</a></a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">TRIBUNE BANKRUPTCY NEWS tracks the restructuring of Tribune Co.</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">How to Subscribe to TRIBUNE BANKRUPTCY NEWS</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">TRIBUNE 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.</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">To continue receiving TRIBUNE BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=TRIBUNE" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=TRIBUNE</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=TRIBUNE" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=TRIBUNE</a></a></font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">Company: Bankruptcy Creditors' Service, Inc. </font></div> <div><font face="'courier new', monospace">Contact: Peter A. Chapman </font></div><div><font face="'courier new', monospace">Phone: (215) 945-7000 </font></div> <div><font face="'courier new', monospace">Email: peter[@]<a href="http://bankrupt.com/" target="_blank">bankrupt.com</a></font></div> Corporate Restructuring Reviewhttp://www.blogger.com/profile/12981434409097465147noreply@blogger.com0tag:blogger.com,1999:blog-2483470226035195093.post-76898726516683804092011-04-26T19:51:00.003-07:002011-04-26T19:51:41.695-07:00Reorganized Mesa Air Reports $1.1-Bil. in Assets as of March 31<div><font face="'courier new', monospace">FAIRLESS HILLS, Pa. -- Mesa Air Inc. and its reorganized debtor affiliates reported more than $1.1 billion in assets and more than $2.0 billion in debts as of March 31, 2011.</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">More news on the Mesa case, including the Company's entry into post-effective date settlements with additional counterparties, are in MESA AIR Bankruptcy News, Issue No. 40 published by Bankruptcy Creditors' Service, Inc.</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">The 14-page newsletter contains stories with these headlines:</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">[00434] DEBTORS ENTER INTO POST-EFFECTIVE DATE SETTLEMENTS</font></div> <div><font face="'courier new', monospace">[00435] DEBTORS' MOTION TO EMPLOY ORDINARY COURSE PROFESSIONALS</font></div><div><font face="'courier new', monospace">[00436] STIPULATION EXTENDING TIME TO DECIDE ON ELFC ENGINE LEASE</font></div> <div><font face="'courier new', monospace">[00437] CREDITORS WITHDRAW CLAIMS -- April 2011</font></div><div><font face="'courier new', monospace">[00438] MESA PROFESSIONALS' FEE APPLICATIONS</font></div> <div><font face="'courier new', monospace">[00439] MESA AIR POST-CONFIRMATION REPORT -- Jan. to March 2011</font></div><div><font face="'courier new', monospace"><br> </font></div><div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">A copy of the newsletter can be purchased on-line with a major credit card at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=MESA%7CAIR" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=MESA|AIR</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=MESA%7CAIR" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=MESA|AIR</a></a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">MESA AIR BANKRUPTCY NEWS tracks the restructuring of Mesa Air Group Inc.</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">How to Subscribe to MESA AIR BANKRUPTCY NEWS</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">MESA AIR 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.</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">To continue receiving MESA AIR BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=MESA%7CAIR" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=MESA|AIR</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=MESA%7CAIR" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=MESA|AIR</a></a></font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">Company: Bankruptcy Creditors' Service, Inc. </font></div> <div><font face="'courier new', monospace">Contact: Peter A. Chapman </font></div><div><font face="'courier new', monospace">Phone: (215) 945-7000 </font></div> <div><font face="'courier new', monospace">Email: peter[@]<a href="http://bankrupt.com/" target="_blank">bankrupt.com</a></font></div><div><font face="'courier new', monospace"><br> </font></div> Corporate Restructuring Reviewhttp://www.blogger.com/profile/12981434409097465147noreply@blogger.com0tag:blogger.com,1999:blog-2483470226035195093.post-80127236929142851172011-04-26T19:51:00.001-07:002011-04-26T19:51:04.586-07:00Rival Group in Lehman Case Holds $19BB in Claims<div><font face="'courier new', monospace">FAIRLESS HILLS, Pa. -- An ad hoc group of creditors of Lehman Brothers Holdings, Inc., led by Paulson & Co. disclosed in court papers that it holds claims aggregating more than $19.6 billion on the Debtors.</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">More news on the Lehman Brothers case, including the filing of a third competing plan by a group of creditors led by Goldman Sachs, is available in LEHMAN BROTHERS Bankruptcy News, Issue No. 77 published by Bankruptcy Creditors' Service, Inc.</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">The 22-page newsletter contains stories with these headlines:</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">[03040] GOLDMAN SACHS, ET AL. OFFER RIVAL RESTRUCTURING PLAN</font></div> <div><font face="'courier new', monospace">[03041] DEBTORS SEEK TO IMPLEMENT CONFIRMATION DISCOVERY PROCESS</font></div><div><font face="'courier new', monospace">[03042] DEBTORS' MOTION FOR COMPLIANCE WITH BANKRUPTCY RULE 2019</font></div> <div><font face="'courier new', monospace">[03043] RULE 2019 STATEMENT -- White & Case LLP</font></div><div><font face="'courier new', monospace">[03044] DEBTORS' MOTION TO INVEST IN NEW YORK PROPERTIES</font></div> <div><font face="'courier new', monospace">[03045] DEBTORS' MOTION TO APPROVE SETTLEMENT WITH AEGIS MORTGAGE</font></div><div><font face="'courier new', monospace">[03046] LCPI'S MOTION TO ALLOW LEHMAN ALI TO OKAY INNKEEPERS DEAL</font></div> <div><font face="'courier new', monospace">[03047] LCPI'S MOTION TO PURCHASE NOTES ISSUED BY PINE CCS</font></div><div><font face="'courier new', monospace">[03048] DEBTORS' MOTION TO APPROVE TRADE CONFIRMATIONS DECISIONS</font></div> <div><font face="'courier new', monospace">[03049] DEBTORS' MOTION TO SET PROTOCOLS TO TERMINATE COMMITMENTS</font></div><div><font face="'courier new', monospace">[03050] DEBTORS' MOTION TO SETTLE ORDINARY COURSE CLAIMS</font></div> <div><font face="'courier new', monospace">[03051] DEBTORS' MOTION TO SET DE MINIMIS ASSETS SALE PROCEDURES</font></div><div><font face="'courier new', monospace">[03052] DEBTORS' MOTION TO ISSUE SUBPOENAS FOR DEPOSITION</font></div> <div><font face="'courier new', monospace">[03053] DEBTORS' MOTION TO EMPLOY ORDINARY COURSE PROFESSIONALS</font></div><div><font face="'courier new', monospace">[03054] RETAINED PROFESSIONALS' INTERIM FEE APPLICATIONS</font></div> <div><font face="'courier new', monospace">[03055] FEE COMMITTEE SEEKS CHANGES IN FEE REVIEW PROTOCOL</font></div><div><font face="'courier new', monospace">[03056] LBI TRUSTEE INTERIM REPORT -- Oct. 2010 to April 2011</font></div> <div><font face="'courier new', monospace">[03057] LBI TRUSTEE'S MOTION TO EXTEND TIME TO REMOVE ACTIONS</font></div><div><font face="'courier new', monospace">[03058] LBI TRUSTEE'S MOTION FOR DE MINIMIS ASSET SALE PROTOCOL</font></div> <div><font face="'courier new', monospace">[03059] STIPULATIONS CLOSING TRANSACTIONS BETWEEN LBI & BANKS</font></div><div><font face="'courier new', monospace">[03060] STIPULATIONS REQUIRING THE RETURN OF MISDIRECTED TRANSFER</font></div> <div><font face="'courier new', monospace">[03061] DEBTORS' OMNIBUS OBJECTIONS TO CLAIMS</font></div><div><font face="'courier new', monospace">[03062] CLAIMS WITHDRAWAL -- April 14, 2011</font></div> <div><font face="'courier new', monospace">[03063] RULE 2019 STATEMENT -- Cleary Gottlieb</font></div><div><font face="'courier new', monospace">[03064] ADVERSARY PROCEEDING -- LBHI vs. JPMorgan Chase Bank</font></div> <div><font face="'courier new', monospace">[03065] LBHI DELAYS FEB. 2011 QUARTER RESULTS FILING ON FORM 10-Q</font></div><div><font face="'courier new', monospace">[03066] GALLEON OFFSHORE UNIT SELLS $146.7-MIL. CLAIM ON LEHMAN</font></div> <div><font face="'courier new', monospace">[03067] FDIC SAYS LEHMAN RESOLUTION ORDERLY UNDER DODD-FRANK ACT</font></div><div><font face="'courier new', monospace">[03068] HKMA REPORTS PROGRESS OF PROBE ON LEHMAN-RELATED CASES</font></div> <div><font face="'courier new', monospace">[03069] LBI TRUSTEE, JPMORGAN INK DEAL TO RETURN CUSTOMER ASSETS</font></div><div><font face="'courier new', monospace"><br> </font></div><div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">A copy of the newsletter can be purchased on-line with a major credit card at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=LEHMAN%7CBROTHERS" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=LEHMAN|BROTHERS</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=LEHMAN%7CBROTHERS" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=LEHMAN|BROTHERS</a></a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">LEHMAN BROTHERS BANKRUPTCY NEWS tracks the restructuring of Lehman Brothers Holdings Inc.</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">How to Subscribe to LEHMAN BROTHERS BANKRUPTCY NEWS</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">LEHMAN BROTHERS 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.</font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">To continue receiving LEHMAN BROTHERS BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="<a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=LEHMAN%7CBROTHERS" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=LEHMAN|BROTHERS</a>"><a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=LEHMAN%7CBROTHERS" target="_blank">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=LEHMAN|BROTHERS</a></a></font></div> <div><font face="'courier new', monospace"><br></font></div><div><font face="'courier new', monospace">Company: Bankruptcy Creditors' Service, Inc. </font></div> <div><font face="'courier new', monospace">Contact: Peter A. Chapman </font></div><div><font face="'courier new', monospace">Phone: (215) 945-7000 </font></div> <div><font face="'courier new', monospace">Email: peter[@]<a href="http://bankrupt.com/" target="_blank">bankrupt.com</a></font></div><div><font face="'courier new', monospace"><br> </font></div> Corporate Restructuring Reviewhttp://www.blogger.com/profile/12981434409097465147noreply@blogger.com0