Energy Future Parts Crowd to Get Early Bankruptcy Financing

Energy Future Holdings Corp. made it through the first hearing in its $50 billion bankruptcy by fending off creditors who tried to block access to cash and loans it needs to keep operating.

After two days of proceedings so crowded it took three courtrooms to accommodate all the lawyers and financial professionals, the judge overseeing the case allowed the company to stay in business while it restructures. The hard part, lawyers said, is yet to come with decisions the judge put off.