Hercules Offshore Inc. has returned to chapter 11 bankruptcy and plans to sell off its assets and liquidate, Daily Bankruptcy Review reports in The Wall Street Journal.
(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)
Warren Resources Inc. is laying out plans on how it will get out of chapter 11 protection and has negotiated a bankruptcy loan. Read the DBR article via WSJ.
The bankruptcy judge for the Roman Catholic Archdiocese of St. Paul and Minneapolis said victims of childhood sexual abuse may face legal hurdles including the First Amendment, Bankruptcy Beat reports.
The Michigan House of Representatives approved $617 million in financial aid for Detroit’s ailing public school system, the Associated Press reports.
WSJ looks at how a bankruptcy provision in the Dodd-Frank Act could be affected in the event of a Republican victory in November.
(And don’t forget to check out what is happening in bankruptcy this week.)