Exit in Sight for This Bear Market?

The Daily Docket: Friendly’s Files for Bankruptcy

Friendly Ice Cream Corp., which employs roughly 10,000 people and operates more than 400 restaurants known for sundaes and hamburgers, filed for Chapter 11 bankruptcy protection Wednesday. Read the Daily Bankruptcy Review Small Cap article here

Bankruptcies Drop As Consumers Still Struggle

The September 2011 American Bankruptcy Institute report showed fewer individuals filed for bankruptcy protection in September holding back on spending, household debt and other borrowing. But while U.S. consumers are making their credit card payments

SemCrude Again

The SDNY requires mutually too, according to Judge Peck.

Do you feel the same?

Over at Dealbook, I look at the very different treatment awaiting unsecured creditors of Countrywide, depending on whether they are bondholders or tort litigants.

A Chapter 11 Diaspora?: House Judiciary Committee Considers Chapter 11 Venue Reform

The House Judiciary Committee recently held a hearing to consider an amendment to the venue provisions of the Bankruptcy Code proposed by the Committee’s Chairman that would require corporations to file voluntary chapter 11 petitions in the district