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Tag Archives: creditors

Squabble over Caesars bankruptcy day not priority for judge (access required)

Caesars Entertainment Operating Co. opened a multiday trial to determine the exact date it went bankrupt, a question that could threaten a $468 million claim senior lenders have made on the casino company’s cash and affect talks with lower-ranking creditors. ...

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Creditors reach deadline to object to Detroit bankruptcy

DETROIT — The deadline day has arrived for creditors to oppose Detroit’s request for bankruptcy protection. Federal Judge Steven Rhodes has set Monday as the eligibility objection deadline in the bankruptcy petition by Detroit’s state-appointed emergency manager Kevyn Orr. Creditors ...

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Creditors appeal Tribune bankruptcy plan approval

DOVER, Del. — Unhappy creditors are challenging a federal judge’s approval of Tribune Co.’s plan to emerge from bankruptcy, asking that it be put on hold until their appeals are heard. Separate appeals were filed late Monday by Aurelius Capital ...

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4th Circuit: ‘Absolute priority’ survived bankruptcy reform

The latest reform of the Bankruptcy Code did not eliminate a longstanding protection for dissenting creditors when there’s a “cram down” under the Chapter 11 plan of an individual debtor in possession, the 4th U.S. Circuit Court of Appeals has ...

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Washington Mutual settles with dissident creditor group

WILMINGTON, Del. — Washington Mutual Inc. has reached an agreement with dissident creditors that could pave the way for approval of its latest bankruptcy reorganization plan. A hearing in WaMu’s bankruptcy was delayed several hours Thursday as attorneys hammered out ...

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Former trailblazer Kodak files for Chapter 11

ROCHESTER, N.Y. — Is Kodak’s moment past? The glory days when Eastman Kodak Co. ruled the world of film photography lasted for over a century. Then came a stunning reversal of fortune: cutthroat competition from Japanese firms in the 1980s ...

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