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OnCure Holdings Inc., which provides equipment and management services to cancer clinics in three states, filed for bankruptcy blaming cuts in federal health-insurance payments, Bloomberg News reported yesterday. OnCure, based in Englewood, Colo., plans to sell itself at auction while under court protection, with an initial bid of $125 million from an undisclosed company, Chief Executive Officer Bradford Burkett said. The company listed assets of $179.3 million and debt of $250.4 million in a court filing. The case is In re OnCure Holdings, Inc., 13-bk-11540, U.S Bankruptcy Court, District of Delaware (Wilmington).

A bankruptcy judge said that a recent “flurry” of court filings by Heller Ehrman LLP may “dramatically” affect the defunct law firm’s quest to chase down unfinished business profits, the Wall Street Journal reported today. Bankruptcy Judge Dennis Montali handed Heller a mild scolding on Saturday as he called for a status conference to discuss the new and “challenging” issues the firm’s lawyers have introduced as its remaining unfinished business lawsuits head to trial. In bankruptcy, Heller sued dozens of law firms that took on its former partners following its 2008 dissolution. The lawsuits aim to recover its share of the profits from continued client relationships. Most of the suits settled, but four remain against Davis Wright Tremaine LLP, Foley & Lardner LLP, Jones Day LLP and Orrick, Herrington & Sutcliffe LLP. In March, Judge Montali ruled that Heller is entitled to some of the profits but left the specific amount undetermined.

W.R. Grace & Co. heads to court today to defend its chapter 11 workout plan against challenges from investors in its aged bank debt and others whose protests have barred the chemical company from ending its 12-year stay in bankruptcy, Dow Jones Daily Bankruptcy Review reported today. Investors in the Maryland-based company's aged bank debt say that they're being shortchanged under Grace's Chapter 11 plan, deprived of about $185 million of the interest they're owed for waiting out the long bankruptcy case.

Top executives of a bankrupt coal producer and the nation's biggest miners' union are trading public jabs over bargaining meant to stave off a strike against a company given a court's go-ahead to slash health care and pension benefits to thousands of workers and retirees, the Associated Press reported yesterday. The public feuding resurfaced on Wednesday, when the United Mine Workers of America accused Patriot Coal Corp. of walking out of negotiations meant to mitigate the bankruptcy judge's May 29 decision allowing Patriot to impose wage and benefit cuts by abandoning its collective-bargaining agreements. Patriot's chief executive Ben Hatfield fired back hours later, denying the company broke off talks it noted it was under no legal obligation to continue. Hatfield said the company had simply recessed to mull financial implications of the union's demands that Patriot roll back most of the cost relief the bankruptcy judge approved.

Lawyers for former MF Global Chief Executive Jon Corzine and his top lieutenants are opposing a deal between the bankruptcy trustee winding down the company's brokerage business and JPMorgan Chase & Co. that would funnel $300 million to the firm's customers, Dow Jones Daily Bankruptcy Review reported today. Corzine's lawyers, along with attorneys representing former No. 2 Bradley I. Abelow, ex-finance chief Henri J. Steenkamp and other top brass, are not objecting to the settlement between the bank and James W. Giddens, the trustee representing customers. But they are upset that the deal is structured so that two-thirds of the funds will first go to the general estate of MF Global Inc., which intends to then loan $200 million to the commodity customers.

LDK Solar Co. Ltd reported its eighth quarterly loss in a row and said that it was still in talks with its lenders and investors to refinance its roughly $3 billion of debt, Reuters reported yesterday. LDK is one of the most heavily indebted Chinese solar companies, with a majority of its debt due next year. The company, which said it hoped to complete its restructuring within 30 days, disclosed in April that it was in talks to refinance its debt after partially defaulting on a $24 million bond payment. LDK said that important investors including China Development Bank Corp. (CDB) were going through a restructuring proposal. CDB and creditors of China-based banks are offering a credit facility of 2 billion yuan ($326 million), including 440 million yuan for a polysilicon plant and 1.56 billion yuan for working capital.

Revstone Industries LLC has received a $54.4 million offer from a Shiloh Industries Inc. subsidiary for its auto parts manufacturing business and is seeking court permission to sell those assets, Dow Jones Newswires reported yesterday. Contech Castings LLC, a 60-year-old automotive die-casting business that is an indirect subsidiary of Revstone, isn't among the assets the company placed in chapter 11 and isn't part of the bankruptcy estate, Revstone said in court documents filed Tuesday. Nevertheless, Revstone is seeking bankruptcy court approval of the sale, "out of an abundance of caution," it said. Although the Contech sale is technically outside of Revstone's chapter 11 process, it is part of a larger plan, Revstone said, that will ultimately maximize the value of Revstone's assets, for the benefit of both Contech and Revstone creditors. That plan also includes the sale of another affiliate that isn't in chapter 11 called Metavation LLC, implementing customer support agreements and reaching settlements with claimants including the Pension Benefit Guaranty Corp., it said.

Drybulk shipper Excel Maritime Carriers Ltd. intends to file for chapter 11 protection, a regulatory filing showed yesterday, making it the latest victim of a downturn in the shipping industry, Reuters reported yesterday. Charter rates for dry bulk vessels, which transport cargoes such as coal, grain and iron ore, have steadily declined since 2008 as dozens of new vessels ordered before the global financial crisis came into service after demand had fallen. Excel said that it had started soliciting acceptances from its lenders for a pre-packaged reorganization plan, supported by a committee of its secured lenders.

U.S electric car maker Coda Automotive has won bankruptcy court approval to sell its assets for $25 million to a group of lenders led by Fortress Investment Group, Reuters reported yesterday. Under the deal, Fortress group will pay $1.7 million in cash, and the remainder will come by way of a "credit bid," in which Fortress will bid for the assets of Coda using debt owed instead of cash. Coda said in its May 1 bankruptcy petition that it is exiting the car business to focus on the development and sale of energy storage systems through its subsidiary Coda Energy. The case is In re Coda Holdings Inc., Case No. 13-11153, U.S. Bankruptcy Court, District of Delaware.

Exide Technologies, the 125-year-old battery maker, won initial court approval to borrow as much as $500 million to replace older loans and stay in business while it reorganizes in bankruptcy, Bloomberg News reported yesterday. About $225 million of the new debt will go to pay off and replace a $160 million revolving credit line, with any money left over used for operations, according to court papers. The other $275 million will be partly supplied by a group of noteholders that holds 45 percent of the company’s bonds that mature in 2018.