Reuters: Kodak Bankruptcy Advisers Will Likely Receive $240MM
Reuters reported that a lawyer charged with reviewing advisers’ fees in Eastman Kodak’s bankruptcy approved more than $240 million in bills, in advance of court approval next week.
Reuters reported that a lawyer charged with reviewing advisers’ fees in Eastman Kodak’s bankruptcy approved more than $240 million in bills, in advance of court approval next week.
The Wall Street Journal reported Kirkland & Ellis is representing Physiotherapy Associates in Chapter 11, and the company has tapped restructuring firm Alvarez & Marsal and Rothschild for financial advice.
Global Aviation Holdings announced the company and its subsidiaries filed voluntary petitions under Chapter 11. The company intends to continue to operate during the reorganization process. Haynes and Boones is counsel.
Dow Jones Business News reported a bankruptcy judge cleared creditors of Groeb Farms to vote on the company’s restructuring plan.
Patriot Coal announced that the Bankruptcy Court for the Eastern District of Missouri has approved the company to seek a creditor vote on its Plan of Reorganization.
The Wall Street Journal reported that Atlantic Club Casino Hotel, owned by California buyout firm Colony Capital, is preparing to file for Chapter 11 bankruptcy.
AccuVal-LiquiTec and Joseph Finn Co. auctioned assets of The Creative Group, a major New York City video post-production house on October 23, 2013.
Reuters reported that Sun Capital Partners-owned Edwin Watts Golf Shops filed for bankruptcy protection and will seek a sale of its assets. PNC Bank was said to provide $38 million keep the retailer operating.
Bloomberg reported Energy Future Holdings has lined up $4.4 billion of loans in the event the Texas power generator taken private in the biggest leveraged buyout ever files for bankruptcy protection.
Bloomberg reported Atari, the bankrupt video game maker, won court approval to seek creditors’ votes on its plan to exit bankruptcy protection as a going concern.