Beyond Bankruptcy

The fees charged by the army of lawyers, accountants and consultants working on Lehman Brothers Holdings Inc.’s Chapter 11 case topped $1.36 billion last month as the estate paid $34 million in professional bills. Read the Daily Bankruptcy Review article here.

Ritz Interactive Inc., which operates the websites for such retailers as Ritz Camera and Boaters World, filed for Chapter 11 bankruptcy protection Friday.

This week on The Broke and the Beautiful, sports news abounds. The estate of the late crooner Frank Sinatra wants a voice in the Los Angeles Dodgers’ future, the Texas Rangers’ former owner faces a lawsuit, and the New York Mets’ owners may need to give at least $300 million to the trustee chasing down recoveries for Bernard Madoff’s investment-fraud victims. Meanwhile, football player Mark Brunell is hoping to leave bankruptcy soon, and actor Burt Reynolds may lose his home to foreclosure.

Lehman Brothers Holdings Inc. is going after dozens of former brokers who Lehman says must pay back bonus money they received when joining the firm, and so far the investment bank is faring quite well. Read the Daily Bankruptcy Review article here.