International Supply Co. (Edelstein, IL) Files for Chapter 11 Bankruptcy; Millennium Health on Verge of Doing the Same?

Bloomberg: Caesars Debt Talks Said to Hit Impasse as Creditor Pact Expires

Court Docket (Bankr. C.D. Ill.): Voluntary Chapter 11 Petition Filed by International Supply Co. of Edelstein, Illinois ($10-50 million in estimated assets and liabilities).  According to the company’s website, International Supply Co. “leads the way in engineering and manufacturing creative and intelligent solutions for the power generation industry”

Bloomberg: Millennium Health Said in Bankruptcy Talks Before Settlement

Dallas Business Journal: Forest Park’s Frisco hospital files for Chapter 11

Press Release: Sabra Moves Forward on Forest Park-Frisco Resolution

Bloomberg: Peabody Lenders Said to Hire Davis Polk for Debt Discussions

Leveraged Loan: When will leveraged loan default rates finally rise? Here’s What Loan Managers Say

Chicago Tribune: Caterpillar to cut at least 10,000 jobs

The Guardian: UK steelmakers appeal for help as threat of closures looms

RT Business: Kiev stops debt payments, faces technical default

Bloomberg: Junk Deals Get Wary Welcome as Lenders Put Off by Fed Delay

Loan Syndication & Trading Association: Amicus Brief Filed in Marblegate Asset Management v. Education Management Corp. before the Second Circuit Court of Appeals

Ohio State Law Journal (Forthcoming): When Faith Falls Short: Bankruptcy Decisions of Churches

Colorado Biz: Robert Klamser, President of UpShot Services LLC, Selected as One of Colorado’s Top 25 Young Professionals

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