U.S. Bankruptcy Judge Christopher M. Klein will preside over settlement discussions between Cle Elum, Washington, and its creditors, which are hoping the judge's experience in municipal bankruptcy can help them reach an agreement ending the city's Chapter 9 proceeding.
A missing signature, inadequate evidence and uncertainty about follow-through thwarted a New Mexico industrial property's bid for $33 million in exit financing in its Chapter 11 case, a New York bankruptcy judge told the court in a bench opinion the debtor is now appealing and its owner is seeking to have reconsidered.
Holding companies in the corporate structure of privately owned high-speed rail system Brightline Florida are funding their Chapter 11 debt restructuring with what experts say is an unusual, but elegant, debtor-in-possession facility that could streamline the cases.