Bankruptcy Minute - Making Headlines

Court rules Mexico's Vitro can vote on inter-co debt

MEXICO CITY, Aug 15 (Reuters) - Mexican glassmaker Vitro on Monday said a court in Monterrey ruled it can vote on its own inter-company debt, a sticking point that has mired the company's bankruptcy plans in court battles with creditors.

 

UPDATE 3-U.S. solar company Evergreen files for bankruptcy

* Company struggled with falling prices on solar products

Extended Stay creditors file amended complaint against lenders

Aug 15 (Reuters) - A trust representing creditors of the bankrupt hotel chain Extended Stay America Inc has filed a complaint against Lightstone Holdings and other parties to avoid obligations arising from the loans made by them to fund the 2007 leveraged buyout (LBO) of the hotel chain.

UPDATE 3-China plays down local govt debt risks, but concerns remain

* Paper says a third of such debt to be re-booked as general corporate loans

Posted in china debt , evergreen bankruptcy , extended stay america creditors , local govt risks , Mexico Vitro bankruptcy