Tags: Bankruptcy

NRG Energy acquires assets from Edison Mission

An agreement was signed between NRG Energy and Edison Mission for assets worth USD2.64 billion. The largest independent power producer in the United States, NRG Energy Inc, had entered into an agreement to purchase most of the assets of the bankrupt Edison Mission Energy.


Barclays aids Detroit with lifeline financing

The city of Detroit had gotten a USD350 million debtor-in-possession financing from Barclays Plc after filing for bankruptcy last July.

GM Nova Scotia's noteholders hit the jackpot

The noteholders of GM Nova Scotia used a local law loophole to allow its earnings to double from the bankruptcy proceedings.

MF Global Holdings plans to return more client funds

A court-appointed trustee asked a bankruptcy judge to return more funds to MF Global Holdings' clients, said a Reuters report.


Latest News

After unwinding the most complex bankruptcy case in history, Lehman Bros would be paying out full value to its European creditors.
OGX Petroleo, Eike Batista's flagship company, may seek more financial assistance from bondholders to avoid seeking bankruptcy protection.
In documents filed by Dish Network's lawyers, they reiterate the five year ban agreed to by Falcone as well as the lack of evidence as cogent and sufficient reasons for the dismissal of the case filed by Harbinger Capital Partners.
Edge Products filed for bankruptcy, a court filing showed. A court filing revealed that Edge Products had filed for bankruptcy under Chapter 11. The company is a manufacturer of aftermarket performance electronics for vehicle industry.
Edge Products, the manufacturer of high quality parts for vehicle manufacturers, recently filed for Chapter 11 bankruptcy protection.
After filing bankruptcy protection last year, Kodak said last Tuesday that it had finally exited bankruptcy.
Public labor unions asked a US court to throw out Detroit's bankruptcy filing on various grounds.
Eastman Kodak was cleared by bankruptcy court to begin the company's restructuring. Eastman Kodak Co. emerged from bankruptcy court Tuesday after a judge cleared the company to begin a new chapter.
The leading Hungarian tour company, Best Reisen Ltd announced bankruptcy after big losses on its Egypt and Tunisia tour packages.
Judge Denise Cote ruled that Ally's Residential Capital LLC (ResCap) can still be sued by the Federal Housing Finance Agency despite declaring bankruptcy.
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