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The Broke and the Beautiful: Buck Up Edition WSJ Blogs

This week on The Broke and the Beautiful, rapper Young Buck agreed to a plea deal and has been kicked out of his house. Also, TLC member T-Boz is getting sued for not making car payments.
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A Mess the 45th President Will Inherit; Taxpayers now stand behind derivatives clearinghouses. WSJ.com

President Obama's standard gripe is that the economy has performed so poorly during his term because of the financial crisis he inherited from George W. Bush. But this week it is Mr. Obama who has bequeathed to his successors a landmark in ...
Deus ex Eurobonds; Europeans are taking Alexander Hamilton's name in vain. WSJ.com

European stock markets have been tumbling all week over fears of the damage a Greek exit from the euro zone could do to the single currency and even the European Union. Yet through it all, Germany's borrowing costs keep going down—so much ...
The Daily Docket: Catalyst to Auction Assets WSJ Blogs

Catalyst Paper Corp. will sell its assets to the highest bidder after the paper and pulp producer failed to bring enough of its creditors on board with its restructuring plan. Read the Daily Bankruptcy Review article here.
This Bankruptcy Is Radioactive WSJ Blogs

A radioactive waste-treatment center with as much as one million pounds of the stuff sitting around filed for bankruptcy liquidation Thursday.
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GM Says Proxy Failed to Note Related Party Deal WSJ.com

General Motors Co. said Friday that it failed to disclose in its proxy a $600,000 contract with an ad agency partly owned by the wife of the auto maker's chief financial officer.
The Daily Docket: LightSquared Lenders Doubt Future Success WSJ Blogs

LightSquared's biggest lenders are questioning the company's ability to clear regulatory hurdles and build out its high-speed wireless network, steps on which its viability depends. Read the Daily Bankruptcy Review article here.
The Daily Docket: Publisher Houghton Mifflin Files for Bankruptcy WSJ Blogs

Houghton Mifflin Harcourt Publishing Co. filed for Chapter 11 bankruptcy protection Monday after striking a deal with its creditors to slash more than $3 billion in debt off its balance sheets. Read the Daily Bankruptcy Review story here.
The Daily Docket: Bankruptcy Claims Trading Slows WSJ Blogs

Distressed investors last month bought up the smallest amount of debt from ongoing bankruptcies in more than a year, new data show. Read the Daily Bankruptcy Review article here.
Watchdog Asks To Stub Pot Grower's Bankruptcy WSJ Blogs

The feds are burned out with a medical marijuana grower that it suspects isn't quite taking its bankruptcy case seriously. A federal court watchdog wants a judge to dismiss the Chapter 11 bankruptcy case of Denver-based CGO Enterprise LLC, ...
What's the Next Step for Archstone? WSJ Blogs

When Lehman Brothers led a leveraged buyout of apartment-company Archstone valued at $22 billion in 2007, it had a code name for the deal: "Project Easy Living."
Trader with 'Scattered' History Sees Another Company into Chapter 11 WSJ Blogs

Prospect Capital Corp. had planned a foreclosure sale for May 1 on the undrilled gas wells securing the more than $88.8 million in debt H&M Oil & Gas owed it. But when H&M filed for Chapter 11 on April 30, halting the sale, all ...
The Daily Docket: Funds Seek Bankruptcy For Allied WSJ Blogs

Hedge funds owed nearly $53 million have moved to push Allied Systems Holdings Inc. into an involuntary bankruptcy case, a remedy for what they claim are improper moves by owner Yucaipa Cos. Read the Daily Bankruptcy Review article here.
The Daily Docket: Ally Puts ResCap Into Bankruptcy WSJ Blogs

Ally Financial Inc.'s troubled mortgage subsidiary filed for Chapter 11 bankruptcy early Monday, potentially paving the way for Ally to sever itself from substantial litigation that has been a drag on its other operations and prevented it ...
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ResCap Nears Bankruptcy Filing WSJ.com

The board of Ally Financial Inc.'s ailing mortgage unit is expected to meet Sunday to authorize a bankruptcy filing, said people familiar with the situation.

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