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Zacky Farms LLC received bankruptcy court approval to sell its assets to the Robert D. and Lillian D. Zacky Trust, ending weeks of post-auction negotiations over the sale, Dow Jones DBR Small Cap reported today. The poultry company ultimately decided that the $31.6 million offer from the Zacky Trust was the best and highest for its assets after a settlement agreement that increased unsecured creditors' recovery was reached, according to Zacky Farms lawyer Donald W. Fitzgerald of Felderstein Fitzgerald Willoughby & Pascuzzi LLP.

A resort group owned by hedge fund Paulson & Co. won approval for a plan to exit bankruptcy by selling properties to a Singapore sovereign wealth fund, Bloomberg News reported on Friday. MSR Resort Golf Course LLC's plan was confirmed on Friday by Bankruptcy Judge Sean Lane, who overruled objections by the U.S. Internal Revenue Service and investor Five Mile Capital Partners LLC. Government of Singapore Investment Corp., the world’s eighth-largest sovereign wealth fund, according to the Sovereign Wealth Fund Institute, is set to buy four of MSR's resorts for $1.5 billion. The IRS and Five Mile alleged that the sale created a tax liability of as much as $331 million that may not be paid.

American Airlines says that Travelport Ltd. should not be allowed to delay a fast-approaching antitrust trial in which "billions of dollars" are potentially on the line, Dow Jones Daily Bankruptcy Review reported on Friday. Travelport, whose technology allows travel agents to search for and compare airfares, wants to bring new allegations against American but says that the airline's bankruptcy is preventing it from doing so. American, through its parent AMR Corp., says that the problem is not with its bankruptcy but instead with Travelport's attempt to fight back with claims that it should have brought months ago.

Banah International Group, a Hialeah-based sugar and export company that was approved for financial incentives by Miami-Dade County in 2011, filed for chapter 11 protection on Friday, the South Florida Business Journal reported on Saturday. The approval of incentives for Banah attracted attention because of media reports that owner president Alexander I. Perez was previously convicted for cocaine trafficking. The company's bankruptcy petition said that it has between $1 million and $10 million in debt and a similar range for assets.

Bankruptcy Judge Sean Lane will hold a hearing to review AMR Corp.'s planned merger with US Airways Group Inc. on March 27, while the court's assessment of a contentious plan for AMR's commuter-airline unit has been pushed back two weeks to March 12, the Wall Street Journal reported today. The parent of American Airlines asked Judge Lane for a hearing on the merger in a court document filed yesterday, requesting that any objections be filed by March 15, and the judge acceded to the request.

Insurance giant American International Group reported a $4 billion net loss in the fourth quarter, a period that included heavy losses from Superstorm Sandy, the Associated Press reported yesterday. AIG said that its fourth-quarter loss compared with net income of $21.5 billion in the year-earlier quarter. Pre-tax losses from Sandy were $2 billion. During the fourth quarter, the U.S. Treasury also sold the last of the AIG shares it acquired during the 2008 financial crisis, when the Treasury and the Federal Reserve bailed out AIG to the tune of $182.3 billion. According to AIG, the government has recovered its full investment plus $22.7 billion. Treasury still holds rights to buy additional AIG shares.

Coal mine operator America West Resources Inc. received bankruptcy court approval to access $150,000 of its bankruptcy financing, funds that will allow the company to continue operating as it attempts to sell its assets, Dow Jones DBR Small Cap reported today. America West has secured a total of $845,000 in bankruptcy financing from Denly Utah Coal LLC, which has a 39 percent stake in the company.

LSP Energy won court approval to keep control over its bankruptcy case while it awaits regulatory approval of the $272.6 million sale of its Mississippi power plant, Dow Jones DBR Small Cap reported today. Bankruptcy Judge Mary F. Walrath on Tuesday extended LSP Energy's exclusive control of the chapter 11 case through April 21.

Continuing care retirement community WindsorMeade is planning to file for chapter 11 protection early next month, the Virginia Gazette reported today. The community will operate uninterrupted during the process, and will continue to provide services and care to its residents. The company's restructuring plan is aiming to facilitate financing for the future expansion of WindsorMeade’s health care facility, with construction expected to begin next year.

After nine months out of the spotlight, former Dewey & LeBoeuf executive director Stephen DiCarmine is set to make an appearance in court next week, the Am Law Daily reported today. DiCarmine—a non-practicing lawyer who held one of the most powerful positions at the now-bankrupt firm—must be available for questioning at a February 27 hearing scheduled to consider Dewey's chapter 11 liquidation plan, Bankruptcy Judge Martin Glenn ruled yesterday. Judge Glenn's decision came in response to an objection to the chapter 11 plan filed late last week by former Dewey partners Andrew Fawbush and Elizabeth Sandza, who argue that the plan should not be confirmed because it does not pass the "good faith" requirement. If the plan is confirmed, the bankruptcy will be taken over by a pair of liquidation trustees whose mission will be to maximize returns to creditors who say they are owed some $600 million.