Struggling Firms Turn to Daily-Deal Sites
Getty Images A Windstar cruise with “massive white sails, polished teak decks, modern luxury from staterooms to spa,” all at a discounted price? ... Read full article
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The Broke and the Beautiful: Celebrities in Bankruptcy
Hello, and welcome to The Broke and the Beautiful. With this new weekly fixture, Bankruptcy Beats aims to bring you a roundup of the biggest celebrity-related bankruptcy news. This week, creditors of Eva Longoria’s Beso LLC want a trustee for the ... Read full article
Couple Asks Ninth Circuit to Rule on Gay-Marriage Ban
Just days after the Justice Department filed an appeal of a ruling declaring the federal ban on gay marriage unconstitutional, lawyers for a same-sex couple at the center of a bankruptcy dispute upped the ante by asking the Ninth U.S. Circuit Court of ... Read full article
Sports Teams’ Secret to Success After Bankruptcy: File Again!
Associated Press Forget about the finances for a minute. ... Read full article
Bankruptcy Court Declares DOMA Unconstitutional
A California bankruptcy court Monday ruled that the Defense of Marriage Act violates the equal-protection guarantee of the U.S. Constitution. In a decision Monday signed in Los Angeles by 20 judges of the U.S. Bankruptcy Court for the Central District of ... Read full article
Survey Finds Free-Fall Bankruptcies Becoming More Rare
The days of crash-and-burn bankruptcies may be flaming out. An AlixPartners LLP survey released Wednesday found that most restructuring professionals expect that more than 50% of the large companies filing for Chapter 11 in the next 12 months will have at ... Read full article