The assets of Rominger West Winery will hit the auction block on July 19-25 in an online-only sale conducted by Tiger Remarketing Services.

Hawker Beechcraft said that the U.S. Bankruptcy Court for the Southern District of New York has approved the company’s motion to enter into exclusive negotiations with Superior Aviation Beijing.

The International Association of Machinists and Aerospace Workers filed papers in U.S. Bankruptcy Court opposing an attempt by Hawker Beechcraft to expedite the sale of its assets to a little-known Chinese company, Superior Aviation Beijing Co.

MCG Capital announced that Broadview Networks Holdings, a majority-owned, control investment of MCG, has entered into an agreement with certain of its equity holders and noteholders providing for a restructuring of its outstanding obligations. In connection, Broadview for file for Chapter 11 protection.

The U.S. Bankruptcy Court for the District of Delaware has approved the Disclosure Statement for the Second Amended Joint Chapter 11 Plan for Syms and its wholly owned subsidiary Filene’s Basement. The court also set a solicitation schedule and a date of August 29, 2012 for the confirmation hearing.

Allied Systems Holdings has received final approval of its $20 million debtor-in-possession (DIP) financing from U.S. Judge Christopher Sontchi in the U.S. Bankruptcy Court for the District of Delaware.

U.S. Bankruptcy Judge Kevin Carey has approved Tribune Co.’s reorganization plan, overruling minor objections to the plan, and saying he would sign off on it once final wording changes were made, a BusinessWeek article reported.

Bloomberg noted in a story that three different municipalities in California have filed for bankruptcy in less than a month — all for different reasons, suggesting what happens when a crisis strips away excess revenues.

Cargill has won the auction for competitor AFA Foods’ ground beef processing plant in Fort Worth, TX, a Wall Street Journal article reported. The company purchased AFA’s plant for $4.1 million plus working capital assets.

Patriot Coal announced that it was granted interim approval for its $802 million DIP financing from Citigroup Global Markets, Barclays Bank and Merrill Lynch, Pierce, Fenner & Smith as joint lead arrangers, and granted Patriot interim authorization to access immediately $677 million of the DIP financing.