Dallas-based Reddy Ice expects to emerge from bankruptcy protection this month with a lighter debt load and a cash infusion from Centerbridge Capital Partners, the Dallas Morning News reported on

Lawyers for banks seeking to overturn New York state regulators' approval of bond insurer MBIA Inc.'s restructuring in 2009 completed their opening arguments after three days, Bloomberg News reported

Hedge funds owed nearly $53 million have moved to push Allied Systems Holdings Inc. into an involuntary bankruptcy case, a remedy for what they said are improper moves by owner Yucaipa Cos., Dow Jones

The trustee for MF Global Holdings Inc.'s brokerage unit said he has received $168 million in cash from JPMorgan Chase & Co, which had been the commodities and futures brokerage firm's main bank prior

Ailing U.S. law firm Dewey & LeBoeuf is considering a bankruptcy filing as new debtholders take a more aggressive track, shifting away from earlier attempts at an out-of-court liquidation, Reuters

A federal appeals court on Friday ruled that Owens Corning Sales LLC could be liable for allegedly-defective roof shingles, even though the company has been through a bankruptcy reorganization

Fitch Ratings said that the rate of U.S. high-yield defaults is likely in May to hit the highest level since October 2010 following two major bankruptcy filings this month, Dow Jones Newswires

Houghton Mifflin Harcourt Publishers Inc. filed for bankruptcy protection today after the publisher of textbooks reached an agreement with a majority of its creditors to cut about $3.1 billion of debt

The custodian of a group of New York City pension funds is calling on Chesapeake Energy Corp. shareholders to vote against two board members, saying that they failed to monitor financial activities of

British bus and rail operator Stagecoach has agreed to buy some of struggling Coach America's U.S. businesses, helping it grow its rapidly expanding North America operation, Reuters reported yesterday