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Bankruptcy

Sete Brasil to file for bankruptcy protection as early as Friday -sources

SAO PAULO, April 29 Sete Brasil Participações SA will file for protection from creditors as early as Friday, two sources said on Friday, as months of tussling with the rig builder's sole client and looming debt payments weighed on the company.

BRIEF-Miner NWR says subsidiary OKD board to discuss insolvency on May 3

* Says coal mining operations subsidiary OKD board to discuss insolvency on May 3

29 Apr 2016

BRIEF-DF Deutsche Forfait says local court confirms insolvency plan

* Board of management of df deutsche forfait ag therefore assumes that confirmation by court will become final no later than May 17, 2016

29 Apr 2016

Mongolian Mining in restructuring talks after bond default

HONG KONG, April 29 Mongolian Mining Corp said it is continuing discussions with bondholders to restructure its bonds on which it missed a coupon payment last month.

29 Apr 2016

PRESS DIGEST- New York Times business news - April 29

April 29 The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

Bonds, Regulatory News, 29 Apr 2016

BRIEF-Thermoceramix announces bankruptcy filing

* Board authorized voluntary assignment as co not able to meet obligations owing to creditors or fund operations of co or its subsidiaries

Bonds, Regulatory News, 29 Apr 2016

Energy Future Holdings says investors will not fund Oncor deal

WILMINGTON, Del., April 28 Energy Futures Holdings Corp's plan to sell its Oncor power distribution business for about $19 billion to fund its exit from bankruptcy will not close as expected, a company lawyer told a U.S. Bankruptcy judge on Thursday.

28 Apr 2016

Bank of Italy says draft law could cut credit recovery process to 7-8 months - source

ROME, April 28 The Bank of Italy has calculated that a draft law allowing creditors to recover bad debts without involving the court system could drastically reduce the length of time the process requires, a source familiar with the matter said.

28 Apr 2016

BRIEF-Lehman Brothers Inc. Trustee to make additional distribution to unsecured general creditors

* Lehman Brothers Inc. Trustee announces plans for additional distribution to unsecured general creditors

Bonds, Regulatory News, 28 Apr 2016

LPC: DIP loans to distressed companies mount with bankruptcies

NEW YORK, April 28 Distressed U.S. companies including a coal producer, sporting goods retailer and brokerage firm received loans this year to sustain business while reorganizing, and the number will swell as troubled energy companies increasingly file for bankruptcy protection.

Bonds, Regulatory News, 28 Apr 2016

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