Entries tagged "bankruptcy trends"

A DIP thaw in Canada

With Canadian bankruptcy filings on the rise, two of the country's notable lenders are raising a $924 million fund to provide debtor-in-possession financing Canadian debtors.

All that glitters is not gold

With three jewelry retailers filing for Chapter 11 bankruptcy protection in June and a bleak economic outlook, odds are strong others will follow soon.

Lone Star has had a tarnished year so far

Dallas private equity firm Lone Star Fund has three portfolio companies that succumbed to bankruptcy in 2009.

PE woes detailed in new study

More than half of private equity firm professionals surveyed by ACG said they have written down the value of their portfolio companies in the last quarter.

Bankruptcy bug stings businesses to the stars

Daily Blossom, a florist that serves customers such as hip-hop celebrities Jay-Z and Russell Simmons, is the latest victim of the recession.

When arias turn to dirges

Opera houses are weeping as the Orlando Opera follows peers in Baltimore, San Jose, Calif., and elsewhere into bankruptcy.

Patriarch's Tilton talks Polaroid on CNBC

Patriarch Partners founder Lynn Tilton tells CNBC she will continue to fight for Polaroid after losing the bankruptcy auction despite a higher bid.

Asarco to receive more bids?

Even as Asarco LLC approaches its fourth year in bankruptcy, the fireworks in the copper miner's case assets haven't abated.

Bankruptcy lawyer fees and Harvey Miller

Although Weil, Gotshal partner Harvey Miller is often referred to as the dean of the bankruptcy bar, he is not the highest paid bankruptcy attorney, an honor reserved for Simpson Thatcher attorneys.

Creditors put Madoff into liquidation

While attorney Marc Dreier's fraud was overshadowed by Bernie Madoff's larger Ponzi scheme, Dreier's bankruptcy may sketch out a rough outline of how Madoff's filing will unfold.

In bankruptcy, a sale isn't an exit

When the sale of a bankrupt company is completed, its case is not over. But more and more companies are spinning these deal closings as bankruptcy exits.

DIP financings on record pace for 2009

The first quarter of 2009 is not yet over but the total dollars of debtor-in-possession financing has already surpassed the total raised for the first half of 2008.

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