Caesars Creditors to Vote on Plan, But Confirmation Fight Awaits – Bloomberg

Caesars Entertainment Corp.s bankrupt operating unit won permission to submit its reorganization plan to creditors for a vote, setting the stage for a final courtroom showdown early next year between the casino giant and bondholders who say theyre being shortchanged. At a hearing in Chicago Wednesday, U.S. Bankruptcy Judge A. Benjamin Goldgar ruled that Caesars…

Hope for those in debt: Can a non-profit help put predatory payday lenders out of business? – Salon

Earlier this month, the Consumer Financial Protection Bureau proposed rules on the massive payday loan industry. CFPB wants to force lenders to test borrowers ability to actually pay back loans, and limit re-borrowing, which creates a spiral of debt and exorbitant fees. Both supporters and critics of the rule agree that it will probably force…

Romania’s largest power producer exits insolvency – Romania-Insider.com

Romanias largest state-owned electricity producer Hidroelectrica exited insolvency after four years, the Bucharest Court decided yesterday. The court postponed twice the decision on Hidroelectricas insolvency exit due to legal actions by the companys former clients. The producer entered insolvency in June 2012 due to a weakening financial situation caused by the unfavorable contracts with various…