Northstar Aerospace intends to grant a Release and Covenant not to sue to The Boeing Company by which Northstar will release, acquit and discharge Boeing of any actions or causes of action, suits, claims, judgments, executions and damages, except for certain excluded claims. This is a condition of Boeing providing the company with $7 million in DIP financing.

NBC Acquisition and its subsidiaries, including Nebraska Book Company, an industry provider in solutions for the college bookstore marketplace, successfully completed their restructuring and have emerged from Chapter 11 with lower debt and a significantly stronger balance sheet.

Catalyst Paper received approval for its reorganization plan from the Supreme Court of British Columbia. A confirmation hearing under the Chapter 15 process of the U.S. Bankruptcy Court for the District of Delaware is expected to occur in mid-July.

The Wichita Eagle reported that financially troubled Hawker Beechcraft posted a $90 million net loss in May, including $33 million in operating losses.

Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District of Delaware has confirmed Buffets Restaurant Holdings exit financing as well as it reorganization plan.

The U.S. Bankruptcy Court for the Southern District of New York confirmed the Chapter 11 plan of Saint Vincent Catholic Medical Centers of New York and various of its affiliates. Grant Thornton served as interim management and Kramer Levin Naftalis & Frankel served as debtor’s counsel.

Catalyst Paper announced that it has received the necessary creditor approval for its second amended plan of arrangement under the Companies Creditors Arrangement Act in Canada.

Catalyst Paper announced an update on the status of its discussions regarding a new asset-backed loan facility and an exit financing facility.

Specialty camera shop chain Ritz Camera & Image LLC has filed for Chapter 11 protection in the U.S. Bankruptcy Court in the District of Delaware. This filing marks the second time the company has filed for bankruptcy in three years.

Global education provider Houghton Mifflin Harcourt announced that it has completed its financial restructuring and emerged from its Chapter 11 reorganization, 32 days after its initial pre-packaged filing on May 21, 2012.