Parent Company of Luminant and TXU Energy Out of Bankruptcy

TCEH Corp., which owns Luminant and TXU Energy, has finally emerged from bankruptcy proceedings. TCEH Corp. is the new company that is basically what’s left of Energy Future Holdings (the energy company that filed for bankruptcy protection about two years ago and owned Luminant, TXU Energy, and Oncor). The announcement came from Delaware Bankruptcy Court on Monday… Continue reading Parent Company of Luminant and TXU Energy Out of Bankruptcy

Black-Eyed Pea Closes Texas Restaurants

Twelve Texas Black-Eyed Peas have been closed due to their parent company’s (Restaurants Acquisition I LLC) Chapter 11 bankruptcy filing. Their Arlington location is the only Texas location still open. “Restaurants Acquisition filed for Chapter 11 bankruptcy reorganization in December, citing revenue shortfalls and an inability to attract new capital. At the time, it owned 13 Black-eyed… Continue reading Black-Eyed Pea Closes Texas Restaurants

Delaware Judge Says Trustee Not Obligated to Obtain Best Price at Auction

Rochelle’s Daily Wire posted an interesting article the other day about a Chapter 7 Bankruptcy matter out of the Virgin Islands. Here is a snippet: “Bankruptcy Judge Mary F. Walrath penned an opinion that reads like a treatise laying out the limited circumstances when a trustee can become personally liable for selling property at a… Continue reading Delaware Judge Says Trustee Not Obligated to Obtain Best Price at Auction

Logan’s Roadhouse Files for Bankruptcy

The Nashville, Tennessee based steakhouse chain Logan’s Roadhouse filed for Chapter 11 bankruptcy protection on Monday (August 8th). The move comes “after striking a deal with it bondholders to swap more than $300 million in debt for control of the restaurant chain.” The chain had skipped an interest payment to bondholders. They had been struggling… Continue reading Logan’s Roadhouse Files for Bankruptcy