The Distressed Debt Report - June 12, 2007

Trade Groups Say Ruling Could Disrupt Distressed Debt Market

A debate is brewing in the courts over whether a rule requiring some bankrupt company creditors to disclose their debt holdings should be applied to members of informal “ad hoc” committees in bankruptcy cases. Full Story

Valuation Disputes Getting More Rancorous in Bankruptcies

Bankruptcies may increasingly be characterized by disputes over valuation, such as those in the recent cases of Granite Broadcasting and Nellson Nutraceutical. Full Story

Wireless Company Seeks to Block Verizon from Cutting off Service

Amp’d Mobile filed for Chapter 11 bankruptcy protection on June 1 to stop its wireless carrier from pulling the plug on its cell phone services after large numbers of Amp’d’s customers stopped paying. Full Story

• Churchill Offers Its First Middle Market CLO of Its Own Loans
• GE Antares Teams Up with Quinten Road to Provide One-Stop Financing
• Amtrol Exits Bankruptcy, Handing Control to Newport, Credit Suisse
• Mitchell Named Chair of Greenberg N.Y. Reorganization Practice
• FTI Consulting Takes Second Shot at European Restructuring Business
• Scouler Andrews Restructuring Firm Dissolves
• American Capital-Backed Venture Lender Expects Market to Double
• Alternative Asset Managers Under Pressure to Offer Public Shares
• Merrill Buys Into GSO Capital