Bankruptcy Blogs

EnCap Investment LP’s Robert Zorich has the bankruptcy court’s approval to complete his $1.7 million purchase of a large chunk of Alma Rosa Winery’s vineyards.

Although the winery is under new ownership, perhaps little about the pinot noir wines, made famous in the movie “Sideways,” will change. The deal plans for hall-of-fame winemaker Richard Sanford to continue producing wine on the property as an employee.

This week on The Broke and the Beautiful, “The Hills” stars Spencer Pratt and Heidi Montag open up about their past financial problems. Also, Dr. Dre may stand in the way of payments to creditors in Death Row Records’ bankruptcy.

The Houston Rockets basketball team is trying to persuade two major cable providers to begin broadcasting the struggling Comcast SportsNet Houston television channel, which now shows basketball games and Houston Astros games to less than half of the region’s households. Read the Daily Bankruptcy Review article via The Wall Street Journal.

Receiving Wide Coverage ... Efforts to Cool Bitcoin Fever: The European Banking Authority, which has previously raised concerns with risks tied to virtual currencies such as Bicoin, issued a statement on Friday warning of the possibility of "violent fluctuations in electronic currencies" value and the danger of "digital wallets" being hacked. European authorities argue that consumers should be aware the industry is unregulated and will not be protected. The warning comes after the Bank of ChinaÂ...