Daily Bankruptcy & Restructuring Newsletter for February 12, 2015

Another National Retailer Files for Chapter 11…

Family Christian, LLC filed in the Western District of Michigan.  Reported $50-100 million in assets and liabilities.  Operates a chain of 266 stores in 36 states.  Generated 2014 gross revenues of $216 million.  Employs over 3,000 people.

Court Docket: First Day Declaration of the President and Chief Executive Officer of Family Christian, LLC and Family Christian Holding, LLC

Wall Street Journal: Puerto Rico Electric Power Authority Looks to Extend Creditor Agreement

BloombergBusiness: Athabasca’s Bankers Tighten Noose as Oil Plummets: Canada Credit

Wall Street Journal: Trump Taj Mahal Settles Over Anti-Money-Laundering Violations

BloombergBusiness: Skymark $612 Million Airport Slot Is Path From Bankruptcy

Reuters: Ex-U.S. bankruptcy judge returns to bench after more than 15 years

Kaye Scholer & Debtwire: North American Distressed Debt Outlook 2015

Fox Rothschild: Atlantic City Emergency Manager Powers and Pre-Conditions for Filing Municipal Bankruptcy

The American Lawyer: Citi Report: M&A Work Boosts Firm Profitability in 2014

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