Bankruptcy news from FierceFinance

If a hedge fund wants to take an active role in a Chapter 11 proceeding, how forthcoming does it have to be about its business and interests? That's a big issue right now, with lots of opinions. It... Read more...

Here's a cautionary tale of how the real estate bubble seduced people who might have known better. Plainfield Asset Management was founded by Max Holmes, a veteran of Drexel Burnham Lambert and D.E.... Read more...

The long and winding saga of Jefferson County, Alabama continues to roll on. JPMorgan (JPM), without admitting or denying guilt, has agreed to a settlement with the SEC worth more than $700 million.... Read more...

How aggressive are creditors of troubled private-equity owned companies going to be? There's a class of cyclical troubled companies that were taken private just before the economy started to tank.... Read more...

Just a few days ago, it seemed fait accompli that CIT would fail. The government, after all, had declined requests to save the 101-year-old lender. Essentially the government decided not to double... Read more...

Bloomberg notes that a strong rally in high-yield bonds has cursed many ailing companies that were hoping to buy back debt or exchange them for other bonds. To cut their debt burdens, lots of... Read more...

Morgan Stanley's shares have staged an impressive rally as of late. It's up about 50 percent and some think it may rise more. Bloomberg astutely asks: If the prognosis is so rosy, why are Morgan... Read more...

So how are you handling the holiday season? Hopefully, you'll be able to manage a smile, no matter how difficult. A lot of people are scrambling for jobs right now, and realizing that they may have... Read more...

We'll be debating this for a long time: Would it have made any difference if Lehman Brothers had been "saved" by regulators the way they saved Bear Stearns? Would it have prevented additional... Read more...

For the attorneys lucky enough to have a piece of the Lehman Brothers bankruptcy pie, these are good times. Law firm Weil, Gotshal & Manges is seeking up to $950 an hour to represent Lehman while... Read more...