Debt holder losses on defaulted debt were in line with Moody’s Investor Service predictions, a new analysis of hundreds of bankruptcies by the credit ratings agency showed. Read the Daily Bankruptcy Review article here.
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GT Advanced Technologies Inc. will stop making sapphire materials under its agreement with supplier Apple Inc., Reuters reports.
A Brazilian court accepted a request for bankruptcy by MMX Sudeste Mineracao SA, part of businessman Eike Batista’s mining company, The Wall Street Journal reports.
An expert said Detroit can survive after bankruptcy, but there are risks, Reuters reports.