TransCoastal Corp. Files Prepackaged Bankruptcy; Distress Continues to Grow for Energy Industry

Court Docket (Bankr. N.D. Texas): Disclosure Statement for the Joint Prepackaged Plan of Reorganization for TransCoastal Corporation and CoreTerra Operating, LLC Under Chapter 11 of the United States Bankruptcy Code

Bloomberg: Year of Distress for Debt-Burdened Oil Firms Just Got Even Worse

Bloomberg Gadfly: Newspapers (-8.6%) and magazines (-10.1%) had large decreases in ad revenues as trend toward digital advertising continues

Wall Street Journal: Bond Insurers Balk at Puerto Rico Power Authority Deal

El Paso Herald Post: U.S. Bankruptcy Court Confirms UMC / EPCH Plan; Both Sides Share Statements

Bloomberg: Offshore Supply Boats Facing Distress With Drop in Drilling Rigs

Reuters: Kentucky city, key creditor tangle over bankruptcy eligibility

Wall Street Journal: Tribune Prepares Offer for O.C. Register Publisher

Bloomberg: Oaktree’s Marks Likens Distressed Conditions to Post-Lehman

Weil, Gotshal & Manges: In Considering Motions to Sever, District Courts Might Effectively Shift the Burden to Plaintiffs to Show Why the Automatic Stay Should Not Be Extended to Nondebtor Defendants

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