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																																																																																																																																																																																																																																																																																																																																																																																																																																																																																																<channel>
		<title>Bankruptcy</title>
		<link>http://www.prnewswire.com/rss/financial-services/bankruptcy-news.rss</link>
		<description>Press Releases from PR Newswire about Bankruptcy</description>
		<language>en-us</language>
		<pubDate>Sat, 07 Nov 2009 10:01:21 EST</pubDate>
									<lastBuildDate>Fri, 06 Nov 2009 20:07:00 EST</lastBuildDate>
							<item>
				<title>MagnaChip Semiconductor Emerges from Chapter 11</title>
				<link>http://www.prnewswire.com/news-releases/magnachip-semiconductor-emerges-from-chapter-11-69431972.html</link>
				<description><![CDATA[SEOUL, South Korea, Nov. 6 /PRNewswire/ -- MagnaChip Semiconductor ("MagnaChip" or "the Company") announced that its Second Amended Plan of Reorganization confirmed by the United States Bankruptcy Court for the District of Delaware on September 25, 2009 (the "Plan"), will become effective on Monday, November 9, marking MagnaChip's emergence from voluntary Chapter 11 restructuring.]]></description>
				<pubDate>Fri, 06 Nov 2009 20:07:00 EST</pubDate>
				<guid>http://www.prnewswire.com/news-releases/magnachip-semiconductor-emerges-from-chapter-11-69431972.html</guid>
				<dc:language></dc:language>
																				<dc:publisher>PR Newswire Association LLC.</dc:publisher>
										</item>
									<item>
				<title>CALC Decides to Appeal Staff Determination Regarding Nasdaq Delisting</title>
				<link>http://www.prnewswire.com/news-releases/calc-decides-to-appeal-staff-determination-regarding-nasdaq-delisting-69122582.html</link>
				<description><![CDATA[IRVINE, Calif., Nov. 4 /PRNewswire-FirstCall/ -- California Coastal Communities, Inc. (Nasdaq: CALC) announced today that it will appeal the previously announced October 28, 2009 delisting determination of the Nasdaq Stock Market Listing Qualifications Staff indicating the Staff's decision to delist the Company's common stock from the Nasdaq Stock Market due to the Company's recent filing of a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code pursuant to which the Company is seeking to extend the maturity dates and change the repayment schedules for its approximately $182 million of Brightwater credit facilities in order to repay the debt in full in 2013 based on currently expected home sales over the next four years.]]></description>
				<pubDate>Wed, 04 Nov 2009 13:01:00 EST</pubDate>
				<guid>http://www.prnewswire.com/news-releases/calc-decides-to-appeal-staff-determination-regarding-nasdaq-delisting-69122582.html</guid>
				<dc:language></dc:language>
																				<dc:publisher>PR Newswire Association LLC.</dc:publisher>
										</item>
									<item>
				<title>Court Confirms Hayes Lemmerz International, Inc.'s Plan of Reorganization</title>
				<link>http://www.prnewswire.com/news-releases/court-confirms-hayes-lemmerz-international-incs-plan-of-reorganization-68930912.html</link>
				<description><![CDATA[NORTHVILLE, Mich., Nov. 3 /PRNewswire/ -- Hayes Lemmerz International, Inc. ("Hayes" or the "Company") announced today that the United States Bankruptcy Court for the District of Delaware (the "Court") has confirmed a plan of reorganization for the Company and substantially all of its U.S. subsidiaries that will significantly improve the Company's balance sheet and reduce its leverage. The Company's total consolidated prepetition funded indebtedness of approximately $720 million is expected to be reduced to approximately $240 million upon emergence from Chapter 11.]]></description>
				<pubDate>Tue, 03 Nov 2009 16:10:00 EST</pubDate>
				<guid>http://www.prnewswire.com/news-releases/court-confirms-hayes-lemmerz-international-incs-plan-of-reorganization-68930912.html</guid>
				<dc:language></dc:language>
																				<dc:publisher>PR Newswire Association LLC.</dc:publisher>
										</item>
									<item>
				<title>Early Termination of HSR Waiting Period Granted by FTC for Acquisition of Simmons by Ares Management LLC and Ontario Teachers' Pension Plan</title>
				<link>http://www.prnewswire.com/news-releases/early-termination-of-hsr-waiting-period-granted-by-ftc-for-acquisition-of-simmons-by-ares-management-llc-and-ontario-teachers-pension-plan-67336217.html</link>
				<description><![CDATA[ATLANTA, Oct. 29 /PRNewswire/ -- Simmons Bedding Company ("Simmons" or the "Company"), a leading manufacturer of premium-branded bedding and an indirect subsidiary of Simmons Company, along with Ares Management LLC ("Ares") and Ontario Teachers' Pension Plan ("Teachers'"), today announced that each has received notice from the Federal Trade Commission ("FTC") granting early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ("HSR").  The notice relates to the potential acquisition of Simmons and all of its subsidiaries, as well as its parent Bedding Holdco Incorporated, by certain affiliates of Ares and Teachers' Private Capital, the private investment department of Teachers', which was announced on September 25, 2009 (the "Transaction").  With this notice from the FTC, all waiting periods under applicable antitrust and competition regulations in the U.S. and Canada have either terminated or expired and the parties have now satisfied one of the key conditions to consummating the Transaction.]]></description>
				<pubDate>Thu, 29 Oct 2009 17:54:00 EDT</pubDate>
				<guid>http://www.prnewswire.com/news-releases/early-termination-of-hsr-waiting-period-granted-by-ftc-for-acquisition-of-simmons-by-ares-management-llc-and-ontario-teachers-pension-plan-67336217.html</guid>
				<dc:language></dc:language>
																				<dc:publisher>PR Newswire Association LLC.</dc:publisher>
										</item>
									<item>
				<title>Visteon Seeks Court Approval of Up To $150 Million in Debtor-in-Possession Financing to Further Enhance Liquidity</title>
				<link>http://www.prnewswire.com/news-releases/visteon-seeks-court-approval-of-up-to-150-million-in-debtor-in-possession-financing-to-further-enhance-liquidity-67087017.html</link>
				<description><![CDATA[VAN BUREN TOWNSHIP, Mich., Oct. 28, 2009 /PRNewswire-FirstCall/ -- Visteon Corporation (OTC: VSTN) has filed a motion with the U.S. Bankruptcy Court in Delaware seeking approval of up to $150 million in debtor-in-possession (DIP) financing from a consortium of its term loan lenders. The DIP facility will provide Visteon with additional liquidity to fund ongoing operations as it progresses with its Chapter 11 reorganization process in the U.S. The court is expected to consider the motion Nov. 12.]]></description>
				<pubDate>Wed, 28 Oct 2009 21:47:00 EDT</pubDate>
				<guid>http://www.prnewswire.com/news-releases/visteon-seeks-court-approval-of-up-to-150-million-in-debtor-in-possession-financing-to-further-enhance-liquidity-67087017.html</guid>
				<dc:language></dc:language>
																				<dc:publisher>PR Newswire Association LLC.</dc:publisher>
										</item>
									<item>
				<title>CALC Announces Voluntary Filing for a Plan of Reorganization to Extend Maturity Dates of Brightwater Credit Facilities</title>
				<link>http://www.prnewswire.com/news-releases/calc-announces-voluntary-filing-for-a-plan-of-reorganization-to-extend-maturity-dates-of-brightwater-credit-facilities-66876887.html</link>
				<description><![CDATA[IRVINE, Calif., Oct. 28 /PRNewswire-FirstCall/ -- California Coastal Communities, Inc. (Nasdaq: CALC) announced today that the Company and certain of its subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in order to extend the maturity dates of approximately $182 million of indebtedness related to the Company's Brightwater development project and to modify and eliminate certain debt covenants.  The petitions were filed on October 27, 2009 in the U.S. Bankruptcy Court in the Central District of California.]]></description>
				<pubDate>Wed, 28 Oct 2009 08:30:00 EDT</pubDate>
				<guid>http://www.prnewswire.com/news-releases/calc-announces-voluntary-filing-for-a-plan-of-reorganization-to-extend-maturity-dates-of-brightwater-credit-facilities-66876887.html</guid>
				<dc:language></dc:language>
																				<dc:publisher>PR Newswire Association LLC.</dc:publisher>
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				<title>Court Approves Muzak Disclosure Statement</title>
				<link>http://www.prnewswire.com/news-releases/court-approves-muzak-disclosure-statement-66562917.html</link>
				<description><![CDATA[FORT MILL, S.C., Oct. 27 /PRNewswire/ -- Muzak Holdings LLC and certain of its subsidiaries (together, the "Company") today announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has approved the Disclosure Statement filed in connection with the Company's proposed Plan of Reorganization and authorized Muzak to solicit approval of the Plan of Reorganization from its creditors.]]></description>
				<pubDate>Tue, 27 Oct 2009 16:36:00 EDT</pubDate>
				<guid>http://www.prnewswire.com/news-releases/court-approves-muzak-disclosure-statement-66562917.html</guid>
				<dc:language></dc:language>
																				<dc:publisher>PR Newswire Association LLC.</dc:publisher>
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				<title>FairPoint Reaches Agreement with Bank Lenders -Initiates Voluntary Chapter 11 Proceeding</title>
				<link>http://www.prnewswire.com/news-releases/fairpoint-reaches-agreement-with-bank-lenders--initiates-voluntary-chapter-11-proceeding-65971217.html</link>
				<description><![CDATA[CHARLOTTE, N.C., Oct. 26 /PRNewswire-FirstCall/ -- FairPoint Communications, Inc. (NYSE: FRP) (the "Company"), a leading provider of a full range of communications services, today announced it has reached agreement on a comprehensive financial restructuring plan (the "Restructuring Plan") with lenders (the "Supporting Lenders") holding more than 50 percent of the outstanding debt under its secured credit facility.  The Restructuring Plan is expected to reduce the Company's debt by $1.7 billion thereby providing a long-term solution for the Company's balance sheet.]]></description>
				<pubDate>Mon, 26 Oct 2009 06:35:00 EDT</pubDate>
				<guid>http://www.prnewswire.com/news-releases/fairpoint-reaches-agreement-with-bank-lenders--initiates-voluntary-chapter-11-proceeding-65971217.html</guid>
				<dc:language></dc:language>
																				<dc:publisher>PR Newswire Association LLC.</dc:publisher>
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				<title>Nortek, Inc. Receives Court Approval for First Day Motions and to Pay Trade Creditors in Full in the Normal Course</title>
				<link>http://www.prnewswire.com/news-releases/nortek-inc-receives-court-approval-for-first-day-motions-and-to-pay-trade-creditors-in-full-in-the-normal-course-65827452.html</link>
				<description><![CDATA[PROVIDENCE, R.I., Oct. 23 /PRNewswire-FirstCall/ -- Nortek, Inc. ("Nortek") today announced that it and its domestic subsidiaries (together, the "Debtors") received approval from the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") of several first-day motions, including interim authorization to pay trade creditor balances that were incurred prior to the Debtor's chapter 11 filings on October 21, 2009.  New trade balances will be paid in the ordinary course of business.  The Bankruptcy Court also authorized the Debtors to pay all salaries and wages to their employees earned and unpaid as of the filings.  The Court also approved the Debtor's ability to honor all customer programs, including product warranties, in the ordinary course of business.  In addition, the Bankruptcy Court approved an order authorizing the Debtors to use their cash on hand for the operation of business in the normal course.  As of the date of the filings, Nortek and its subsidiary companies had cash on hand of approximately $125 million.]]></description>
				<pubDate>Fri, 23 Oct 2009 16:48:00 EDT</pubDate>
				<guid>http://www.prnewswire.com/news-releases/nortek-inc-receives-court-approval-for-first-day-motions-and-to-pay-trade-creditors-in-full-in-the-normal-course-65827452.html</guid>
				<dc:language></dc:language>
																				<dc:publisher>PR Newswire Association LLC.</dc:publisher>
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				<title>Tricom Concludes Financial Restructuring</title>
				<link>http://www.prnewswire.com/news-releases/tricom-concludes-financial-restructuring-65257742.html</link>
				<description><![CDATA[NEW YORK, Oct. 21 /PRNewswire/ -- Tricom, S.A., the Dominican Telecommunications company, proudly announced today the conclusion of its Financial Restructuring process.]]></description>
				<pubDate>Wed, 21 Oct 2009 16:21:00 EDT</pubDate>
				<guid>http://www.prnewswire.com/news-releases/tricom-concludes-financial-restructuring-65257742.html</guid>
				<dc:language></dc:language>
																				<dc:publisher>PR Newswire Association LLC.</dc:publisher>
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				<title>Icahn Today Stated That CIT's Planned Reorganization, With All Its Attendant Fees and Its Method of Vote-Buying, Is the Quintessential Example of What Is Wrong With Our Bankruptcy Process in America</title>
				<link>http://www.prnewswire.com/news-releases/icahn-today-stated-that-cits-planned-reorganization-with-all-its-attendant-fees-and-its-method-of-vote-buying-is-the-quintessential-example-of-what-is-wrong-with-our-bankruptcy-process-in-america-64729272.html</link>
				<description><![CDATA[NEW YORK, Oct. 19 /PRNewswire/ -- Carl Icahn sent a letter to CIT's board of directors today, claiming that the company is shamelessly offering certain large unsecured bondholders the opportunity to purchase $6 billion in secured loans in the company at well below fair market value. The largest holders will be given that right at the expense of thousands of smaller bondholders who will not be given the same opportunity. However, in order to purchase the undervalued loans these bondholders will be required to vote in favor of the company's proposed Exchange Offer and/or its Plan of Reorganization. Mr. Icahn stated that "this is reminiscent of the old Tammany political machine's vote-getting tactics."]]></description>
				<pubDate>Mon, 19 Oct 2009 09:45:00 EDT</pubDate>
				<guid>http://www.prnewswire.com/news-releases/icahn-today-stated-that-cits-planned-reorganization-with-all-its-attendant-fees-and-its-method-of-vote-buying-is-the-quintessential-example-of-what-is-wrong-with-our-bankruptcy-process-in-america-64729272.html</guid>
				<dc:language></dc:language>
																				<dc:publisher>PR Newswire Association LLC.</dc:publisher>
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				<title>Sumitomo Precision Products Complete Acquisition of Aviza Technologies</title>
				<link>http://www.prnewswire.com/news-releases/sumitomo-precision-products-complete-acquisition-of-aviza-technologies-64721952.html</link>
				<description><![CDATA[NEWPORT, Wales, Oct. 19 /PRNewswire/ -- Sumitomo Precision Products Co., Ltd. (SPP), today announced that it has acquired the majority of the assets of Aviza Technology, Inc. The acquisition was closed on Friday 16 October after completion of the process required by the US bankruptcy court with jurisdiction over Aviza's Chapter 11 filing in June 2009.]]></description>
				<pubDate>Mon, 19 Oct 2009 06:34:00 EDT</pubDate>
				<guid>http://www.prnewswire.com/news-releases/sumitomo-precision-products-complete-acquisition-of-aviza-technologies-64721952.html</guid>
				<dc:language></dc:language>
																				<dc:publisher>PR Newswire Association LLC.</dc:publisher>
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				<title>Pilgrim's Pride Receives Early Antitrust Clearance From Federal Trade Commission and Department of Justice for Stock Purchase Agreement With JBS</title>
				<link>http://www.prnewswire.com/news-releases/pilgrims-pride-receives-early-antitrust-clearance-from-federal-trade-commission-and-department-of-justice-for-stock-purchase-agreement-with-jbs-64319017.html</link>
				<description><![CDATA[PITTSBURG, Texas, Oct. 14 /PRNewswire-FirstCall/ -- Pilgrim's Pride Corporation (Pink Sheets: PGPDQ) today announced that it has received early antitrust clearance from the Federal Trade Commission and Department of Justice for the company's previously announced stock purchase agreement with JBS USA Holdings, Inc. (JBS U.S.A.), a subsidiary of JBS S.A.]]></description>
				<pubDate>Wed, 14 Oct 2009 19:21:00 EDT</pubDate>
				<guid>http://www.prnewswire.com/news-releases/pilgrims-pride-receives-early-antitrust-clearance-from-federal-trade-commission-and-department-of-justice-for-stock-purchase-agreement-with-jbs-64319017.html</guid>
				<dc:language></dc:language>
																				<dc:publisher>PR Newswire Association LLC.</dc:publisher>
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				<title>Simmons Launches Formal Solicitation of Votes for Pre-Packaged Restructuring Plan</title>
				<link>http://www.prnewswire.com/news-releases/simmons-launches-formal-solicitation-of-votes-for-pre-packaged-restructuring-plan-64159382.html</link>
				<description><![CDATA[ATLANTA, Oct. 13 /PRNewswire/ -- Simmons Company ("Simmons" or the "Company") and its indirect subsidiary, Simmons Bedding Company ("Simmons Bedding"), a leading manufacturer of premium-branded bedding products, today announced that they have begun a formal solicitation of votes from their creditors for their previously disclosed pre-packaged plan of reorganization (the "Plan").]]></description>
				<pubDate>Tue, 13 Oct 2009 18:38:00 EDT</pubDate>
				<guid>http://www.prnewswire.com/news-releases/simmons-launches-formal-solicitation-of-votes-for-pre-packaged-restructuring-plan-64159382.html</guid>
				<dc:language></dc:language>
																				<dc:publisher>PR Newswire Association LLC.</dc:publisher>
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				<title>Crusader Energy Group Inc. Announces Offer for Sale of Certain Oil and Gas Assets in the Whittenburg Basin in the Texas Panhandle</title>
				<link>http://www.prnewswire.com/news-releases/crusader-energy-group-inc-announces-offer-for-sale-of-certain-oil-and-gas-assets-in-the-whittenburg-basin-in-the-texas-panhandle-64145772.html</link>
				<description><![CDATA[OKLAHOMA CITY, Oct. 13 /PRNewswire-FirstCall/ -- Crusader Energy Group Inc. (Pink Sheets: CKGRQ) today announced that it will be offering for sale certain oil and gas assets in the Whittenburg Basin in the Texas Panhandle (the "Whittenburg Basin Assets").  The sale will be structured as a sale of assets under Section 363 of the United States Bankruptcy Code.]]></description>
				<pubDate>Tue, 13 Oct 2009 17:32:00 EDT</pubDate>
				<guid>http://www.prnewswire.com/news-releases/crusader-energy-group-inc-announces-offer-for-sale-of-certain-oil-and-gas-assets-in-the-whittenburg-basin-in-the-texas-panhandle-64145772.html</guid>
				<dc:language></dc:language>
																				<dc:publisher>PR Newswire Association LLC.</dc:publisher>
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				<title>Aurora Oil &amp; Gas Corporation Files Proposed Plan of Reorganization</title>
				<link>http://www.prnewswire.com/news-releases/aurora-oil--gas-corporation-files-proposed-plan-of-reorganization-64082342.html</link>
				<description><![CDATA[TRAVERSE CITY, Mich., Oct. 13 /PRNewswire-FirstCall/ -- Aurora Oil &amp; Gas Corporation (Pink Sheets: AOGSQ) today provided an update on its bankruptcy proceedings related to Aurora and its subsidiary, Hudson Pipeline &amp; Processing Co., LLC (together, the "Debtors").]]></description>
				<pubDate>Tue, 13 Oct 2009 10:46:00 EDT</pubDate>
				<guid>http://www.prnewswire.com/news-releases/aurora-oil--gas-corporation-files-proposed-plan-of-reorganization-64082342.html</guid>
				<dc:language></dc:language>
																				<dc:publisher>PR Newswire Association LLC.</dc:publisher>
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				<title>PTC Alliance Wins Approval of 'First Day' Motions</title>
				<link>http://www.prnewswire.com/news-releases/ptc-alliance-wins-approval-of-first-day-motions-63693377.html</link>
				<description><![CDATA[WEXFORD, Pa., Oct. 7 /PRNewswire/ -- PTC Alliance (www.ptcalliance.com), a leading manufacturer and marketer of welded and cold drawn mechanical steel tubing and tubular shapes, fabricated parts, precision components and chrome-plated rod, announced today that the company and its U.S. subsidiaries received court authority to continue business operations without interruption during their Chapter 11 proceedings.]]></description>
				<pubDate>Wed, 07 Oct 2009 15:42:00 EDT</pubDate>
				<guid>http://www.prnewswire.com/news-releases/ptc-alliance-wins-approval-of-first-day-motions-63693377.html</guid>
				<dc:language></dc:language>
																				<dc:publisher>PR Newswire Association LLC.</dc:publisher>
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				<title>KPS Capital Partners' Portfolio Company, Hephaestus Holdings, Completes Acquisition of Substantially All of the Assets of FormTech Industries</title>
				<link>http://www.prnewswire.com/news-releases/kps-capital-partners-portfolio-company-hephaestus-holdings-completes-acquisition-of-substantially-all-of-the-assets-of-formtech-industries-63520497.html</link>
				<description><![CDATA[NEW YORK, Oct. 5 /PRNewswire/ -- KPS Capital Partners, LP ("KPS") today announced that its portfolio company, Hephaestus Holdings, Inc. ("HHI"), has completed the acquisition of substantially all the assets of FormTech Industries, LLC ("FormTech") through an indirect, wholly-owned subsidiary. HHI acquired FormTech free and clear of substantially all liens, claims, encumbrances and interests through an auction conducted as part of a sale process under Section 363 of the United States Bankruptcy Code. The U.S. Bankruptcy Court for the District of Delaware approved the transaction on October 1, 2009.]]></description>
				<pubDate>Mon, 05 Oct 2009 09:30:00 EDT</pubDate>
				<guid>http://www.prnewswire.com/news-releases/kps-capital-partners-portfolio-company-hephaestus-holdings-completes-acquisition-of-substantially-all-of-the-assets-of-formtech-industries-63520497.html</guid>
				<dc:language></dc:language>
																				<dc:publisher>PR Newswire Association LLC.</dc:publisher>
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				<title>Delhaize Group and BI-LO Agree on Non-Binding Offer for Food Lion To Acquire Certain BI-LO Assets</title>
				<link>http://www.prnewswire.com/news-releases/delhaize-group-and-bi-lo-agree-on-non-binding-offer-for-food-lion-to-acquire-certain-bi-lo-assets-63511707.html</link>
				<description><![CDATA[BRUSSELS, Oct. 5 /PRNewswire-FirstCall/ -- Delhaize Group (Euronext Brussels: DELB - NYSE: DEG), the Belgian international food retailer, announced today that it has entered into a non-binding Letter of Intent with BI-LO, LLC to acquire a substantial majority of BI-LO's assets, including associated inventory, for a purchase price of USD 425 million in cash. This announcement was made in the context of BI-LO's bankruptcy proceedings in the United States Bankruptcy Court for the District of South Carolina.]]></description>
				<pubDate>Mon, 05 Oct 2009 04:05:00 EDT</pubDate>
				<guid>http://www.prnewswire.com/news-releases/delhaize-group-and-bi-lo-agree-on-non-binding-offer-for-food-lion-to-acquire-certain-bi-lo-assets-63511707.html</guid>
				<dc:language></dc:language>
																				<dc:publisher>PR Newswire Association LLC.</dc:publisher>
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				<title>Greenberg Traurig's Phoenix Office Continues to Expand; David D. Cleary Returns to Lead the Phoenix Bankruptcy Practice</title>
				<link>http://www.prnewswire.com/news-releases/greenberg-traurigs-phoenix-office-continues-to-expand-david-d-cleary-returns-to-lead-the-phoenix-bankruptcy-practice-63162947.html</link>
				<description><![CDATA[PHOENIX, Oct. 1 /PRNewswire/ -- The international law firm Greenberg Traurig, LLP announced today that David D. Cleary has joined its Phoenix office as a shareholder. Cleary, who was a Business Reorganization &amp; Bankruptcy shareholder in Greenberg Traurig's Chicago office from 2001 to 2004, will lead the Phoenix bankruptcy team. Prior to returning to the firm, Cleary was a partner in the Chicago office of Dewey &amp; LeBoeuf LLP.]]></description>
				<pubDate>Thu, 01 Oct 2009 17:40:00 EDT</pubDate>
				<guid>http://www.prnewswire.com/news-releases/greenberg-traurigs-phoenix-office-continues-to-expand-david-d-cleary-returns-to-lead-the-phoenix-bankruptcy-practice-63162947.html</guid>
				<dc:language></dc:language>
																				<dc:publisher>PR Newswire Association LLC.</dc:publisher>
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