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Kodak outlines plans for CEO's departure

Kodak is providing a clearer picture of its post-reorganization management plans, saying that CEO Antonio Perez will likely be replaced in the first year after it emerges from bankruptcy protection. Full story

Chapter 9 bankruptcy puts Detroit in driver's seat of its restructuring

(Reuters) - Detroit on Thursday filed the largest-ever municipal bankruptcy in the United States, with an estimated $18.5 billion in debt. Kevyn Orr, the city's emergency manager, referred to Chapter 9 - the bankruptcy statute governing municipal filings - as a "powerful" tool to right Detroit's shi Full story

LightSquared splits $3 billion exit financing

NEW YORK (Reuters) - Wireless broadband communications company LightSquared Inc <MOSAV.UL> is splitting its proposed $3 billion senior secured exit term loan into a $2 billion first-lien loan and $1 billion second-lien tranche, sources told Thomson Reuters LPC. The loan originally consisted of Full story

Cengage Learning files for bankruptcy protection

Textbook publisher Cengage Learning said Tuesday it has filed for reorganization under Chapter 11 bankruptcy protection. Full story

Tully's Coffee sale to Dempsey's group completed

An investment group led by actor Patrick Dempsey has completed its $9.2 million acquisition of Tully's Coffee chain, which filed for Chapter 11 bankruptcy protection last fall. Full story

Ally's $2.1 billion payment to ResCap gets court approval

NEW YORK (Reuters) - A bankruptcy judge on Wednesday approved a settlement in which the U.S. government-owned Ally Financial Inc will pay $2.1 billion to its bankrupt Residential Capital LLC <RESC.UL> unit. Full story

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Kodak restructuring framework OK'd by court, will go to creditors

Ally deal draws limited objections from ResCap creditors

Kodak prepares $406 million offering as it eyes bankruptcy exit

Orchard Supply files for bankruptcy, Lowe's steps in

Orchard Supply files for Chapter 11, Lowe's steps in

Analysis: Why bankrupt W.R. Grace is thriving

Battery maker Exide Technologies files for bankruptcy

Paulson hedge fund puts hotel unit in bankruptcy to escape lawsuit

Kodak expects to exit bankruptcy as soon as July

Carlyle's Synagro preparing for bankruptcy: sources

Related Photos

FILE- This Aug. 18, 2006 file photo, shows the RG Steel Sparrows Point mill on the Patapsco River near Baltimore. Struggling steelmaker RG Steel LLC filed for Chapter 11 bankruptcy protection in Delaware on Thursday, May 31, 2012, one week after announcing that it was idling operations in three sta