Distressed Debt / Bankruptcies news agregators/blogs

I always keep an eye out for these-glad to see someone else agrees that they can be great investment opportunities. I have yet to find a daily alert though. Do you have access to a bloomberg terminal? I just bb news searches for bankruptcy filings, reorganisation plans and bankruptcy emergences like once a week.

Commands are: NI BCYFILE NI BCYREORG NI BCYEMERGE

I do not unfortunately. im off the street now working on a startup but looking to invest in my free time.

i found this, dont know if its any good though, but its free so work a shot

http://distresseddebt.dealflow.com/

you looking at any specific stocks right now?

ive been taking a look at TRXAQ

Thanks for the link. I thought about the rights offering for the GSI Group but haven't had enough time to research it. I actually tried to buy tronox this summer when they were still in bankruptcy, but was denied at my internship so I stopped following it. I think their environmental liabilities ended up doubling in court vs. their original provision but it had strong upside so I'll have to revisit it.

James Grant from the interest rate observer did a write going long the Tronox post reorg equities. Gist of it was that the company mostly ended up in bankruptcy because it had maturities coming due the month of the Lehman bankruptcy and bankrupcty allowed it to shed a lot of its legacy liabilities. Recommend reading it.

also if you're looking at post reorq equities I would also take a look at Accuride.

re tronox, i covered this a bit when i was on the sell side before company filed..havent followed as closely lately

the main issue was lack of pricing power and exposure to housing during 2008. Tio2 is the white pigment used in paint etc and they had huge exposure to residential housing. just a very cyclical business and they were burdened with debt. the biggest issue in ch11 were the enviro liabilities. while the envir liabilities were above the provison, the estimate was up to 2-3bn so $270mm was a major win

the closest and only other pure play tio2 producer, KRO, is +160% ytd so industry fundamentals appear strong. Kros mkt cap is $2bn. tronox is $50mm. need to dive in more, but lots of upside here.

futuramo, do you have a link to the grant post? i did a quick 2 min search and couldnt find it