Bankruptcy: Walter Energy, Buying Time For Reorg Plan Talks, Nets OK To Use Cash

Bankruptcy: Walter Energy, Buying Time For Reorg Plan Talks, Nets OK To Use Cash
The bankruptcy court overseeing the Chapter 11 proceedings of Walter Energy yesterday gave the company a lifeline to negotiate a new reorganization plan with a steering committee of senior secured lenders, extending the company's ability to use its …
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Donald Trump Proves What's Wrong With Bankruptcy Laws in America
In America, people with lots of money can easily avoid the consequences of bad bets and big losses by cashing out at the first sign of trouble. Bankruptcy laws protect them. But workers who move to a place like Atlantic City for a job, invest in a home …
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