Bankruptcy Claims

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Market News

March 2010

Mar 16 2010

Lehman Brothers Files Plan for Liquidation With Courtwww.businessweek.com

  • Lehman Brothers has filed an initial bankruptcy plan with the court outlining how the company plans to divide up its assets
  • While the plan did not cover expected recoveries, it listed over 130 classes of creditors
  • While Lehman plans to liquidate most of its assets, the company will hold onto some units including real estate, uranium and asset management opperations

Mar 15 2010

Lyondell Reorganization Terms Approved Over Objections on Valuewww.businessweek.com

  • Judge Gerber has paved the way for Lyondell to exit bankruptcy, overruling objections over the valuation of the company
  • A group of creditors had argued that the $15.2 billion valuation of the company was artificially low
  • The ruling brings Lyondell one step closer to achieving its planned exit from bankruptcy on April 30th

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