Daily Bankruptcy & Restructuring Newsletter for April 30, 2015

A Busy Day in the N.D. Illinois Bankruptcy Court…

Northwest Bancorporation of Illinois Files Prepackaged Chapter 11

Court Docket: Voluntary Chapter 11 Petition

Gulf Packaging Also Filed a Chapter 11 Petition in Chicago

Court Docket: Declaration of Edward Gavin ofGavin/Solmonese, LLC, as Chief Restructuring Officer for Gulf Packaging, Inc., in Support of Chapter 11 Petition and First Day Pleadings

Fitch Ratings: Energy Defaults Resurface in U.S. Leveraged Loans

Commercial Bankruptcy Investor: SIGA Technologies Asks Court to Disband Creditors’ Committee

SEC Filing: Lumber Liquidators discloses that, “in recent communications, the DOJ indicated that it is seeking criminal charges under the Lacey Act”

Press Release: Hercules Offshore Announces First Quarter 2015 Results, Major Revenue Drop

ABF Journal: CIT Q1 Earnings Disappoint on Higher Tax Rate Provision

Bloomberg: America’s Student Debt Pain Threatening a Corner of Bond Market

Bloomberg: Tesla Motors was close to bankruptcy in 2013

Medium: Company Behind Once-Popular App Secret Begins Wind-Down After Raising Approx. $35 Million in Venture Capital

Forbes: Secret, The $100 Million Social App, Shuts Down

Press Release: Syncora Holdings Ltd. Announces 2014 GAAP Financial Results

Press of Atlantic City: Former Revel casino building has power again

Forbes/S&P Capital IQ: PennantPark, A BDC, To Buy Assets Of Struggling Rival Lender MCG Capital

Crain’s Chicago Business: Deep-dish profit: Giordano’s buildings sell for $14 million

Bloomberg: Why 15.7% of NFL Players File for Bankruptcy

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