Creditors in Pacific Lumber Co.'s bankruptcy case asked the judge on Thursday to allow for expedited discovery for issues still standing in a proposed global settlement, arguing that they needed to make sure the agreement had not been forced upon the debtors.
A district judge has reversed a bankruptcy court's ruling that disallowed $15.6 million in claims lodged by Lone Star Air Partners LLC against Delta Airlines Inc., dealing Delta a blow in its dispute with Lone Star over leveraged lease transactions involving aircraft.
Delphi Corp. will continue to fund its employee pension plans by obtaining cash contributions from its global affiliates and by transferring some of its unfunded pension liabilities to General Motors Corp., its former parent, the bankrupt auto parts supplier said Friday.
Bankrupt vitamin producer Leiner Health Products Inc. has reached a tentative settlement with U.S. investigators over alleged deficiencies in the over-the-counter drugs manufactured at the company's South Carolina plant.
Bankrupt law firm Coudert Brothers LLP has revealed a liquidation plan that would rely upon potentially liable former partners agreeing to contribute substantial funds in exchange for broad releases from future litigation.
The U.S. trustee overseeing Buffet Holdings Inc.'s Chapter 11 proceedings has asked the court to deny the nation's largest steak-buffet restaurant chain's motion for approval of employee incentive plans for 2008 and 2009.
A union representing Aloha Airlines Inc.'s flight attendants has opposed a move by the interim Chapter 7 trustee to scrap six collective bargaining agreements with the bankrupt airline's unions.
Interstate Bakeries Corp. closed on an amended debtor-in-possession financing package that provides the maker of Wonder Bread and Hostess Twinkies with an additional $50 million and extends the maturity date to Sept. 30, 2008, Interstate announced Friday.
Meredith Corp. has filed suit against Home Interiors & Gifts Inc. in a dispute over about $385,000 worth of paper that the bankrupt home décor company has argued belongs to its bankruptcy estate.
Bankrupt auto parts maker Dura Automotive continues to edge closer to emerging from bankruptcy, most recently filing an amended Chapter 11 plan that lowers the value of the company from $600 million to $495 million.
Rather than rule on Reliant Energy Channelview LP's request for a Chapter 11 trustee to resolve a dispute between it and Equistar Chemicals LP, the judge overseeing Reliant's bankruptcy ordered the two sides into mediation in an effort to moot the request altogether.
Relocation company Sirva Inc. said Wednesday that a bankruptcy judge has approved its Chapter 11 reorganization plan and that it expects to emerge from bankruptcy protection soon.
Despite a veto threat from the White House, Democrats in the U.S. House of Representatives pushed through a broad housing package Thursday that would temper the effects of the mortgage crisis and help borrowers stay in their homes.
A U.S. bankruptcy court judge has approved Ziff Davis Media Inc.'s disclosure statement and procedures on voting to accept the media company's reorganization plan.
A lawsuit by 24 retirees from Coudert Brothers against former managing members and law firms that took over pieces of the defunct international law firm has been transferred to bankruptcy court.
The judge overseeing mining company Asarco LLC's Chapter 11 reorganization has approved two deals under which Asarco and one of its subsidiaries will allow tens of millions of dollars in unsecured claims to resolve disputes with the U.S. Environmental Protection Agency and the state of Texas.
Though the Chapter 11 reorganization plan of New Century TRS Holding Corp. has come under fire from several parties in the lender's bankruptcy, the company continues to push for approval.
A bankruptcy judge has refused to approve a settlement of a dispute over mortgage payments between Countrywide Home Loans Inc. and a Pennsylvania homeowner, saying that he doesn't know enough about the settlement and still needs to look into possible misconduct by the subprime lender.
An environmental alliance of companies along the Passaic River asked a judge on Tuesday to reject both of Marcal Paper Mills Inc.'s environmental settlements, arguing that neither the federal nor the state settlement did justice to the amount of damage Marcal had done.
Frontier Airlines Holdings Inc. has won bankruptcy court permission to sell two of its Airbus A319-111 aircraft and two Airbus A318-111 aircraft to Russia's Verulamium Finance Ltd. for $106 million.