Lee Enterprises (NYSE: LEE), the Iowa-based publisher of dozens of newspapers and digital ventures, plans to use bankruptcy proceedings to restructure part of its debt. The company is preparing a pre-packaged Chapter 11 plan that it says will result in minimal pain for creditors and shareholders.

Random House and Borders have proposed an amount the publisher is owed from the bookseller’s bankruptcy.

Barnes & Noble’s $13.9 million purchase of Borders’ intellectual property assets is on hold after a federal judge said he needed more time to consider privacy issues related to the bankrupt bookseller’s customer list.

Multiple bidders separately acquired a variety of intellectual property assets from bankrupt Borders, including its trademarks and website address, according to the company charged with running the auction.

In a remarkable court filing, copyright enforcer Righthaven today warned that it cannot afford to pay a defendant $30,000 in legal fees and asked a judge to lift a ruling that prevents it from suing other individuals. And, in a man-bites-dog turn of events, Righthaven warned that the aggressive defendant…

Loss of control is almost always a risk when debt is reorganized and Tribune Co.‘s trip to bankruptcy court could cost Sam Zell just that. According to one early-stage scenario laid out by the Chicago Tribune‘s Michael Oneal, creditors holding $8.6 billion in senior debt could wind up with control…