Paragon Offshore Files for Bankruptcy, Energy XXI Skips Debt Payment, Are 33% of Oil Producers at Risk of Bankruptcy?

Court Docket (Bankr. D. Del.): Proposed Disclosure Statement for Joint Chapter 11 Plan of Paragon Offshore PLC and Its Affiliated Debtors

Reuters: High risk of bankruptcy for one-third of oil firms: Deloitte

Press Release: Energy XXI elected not to make an interest payment that was due on February 16, 2016, commencing a 30-day grace period; retained PJT Partners LP as its financial advisor and Vinson & Elkins L.L.P. as its legal advisor

ABF Journal: Moody’s Downgrades Foresight Energy to Caa1

Bloomberg: TimkenSteel Said to Hire PwC to Explore New Financing Options

Cato Institute: Washington Metro Getting Ready for Bankruptcy?

CNBC: John Paulson readies next bet — on distressed debt

Chicago Tribune: As sales sag, department stores look to evolve

Press Release: Shareholder Coalition, MHR Chapter 11 Equity Group, to Challenge $900M Valuation of Magnum Hunter Resources in Bankruptcy Proceeding

Pillsbury Winthrop Shaw Pittman: Public Hospital Bankruptcy Under Chapter 9: A Success Story and a Powerful Tool

Weil, Gotshal & Manges: Justice Scalia, Remembered

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