News Topic: Celebrity Bankruptcy

One of the most dramatic stories in corporate finance and bankruptcy over the past decade has been the Caesar's Palace battle between a bunch of hard nosed distressed debt hedge funds and big bad private equity shops.  A bunch of masters of the ... Read full article

The revelations about Donald Trump's taxes might hold in them an explanation for why he didn't divest from his businesses when he became President, despite the obvious political problems that was going to create:  he couldn't afford ... Read full article

Nearly a year has passed since my last Credit Slips post on The Weinstein Company bankruptcy. The case, filed March 2018, remains open. Contract disputes have dominated many if not most bankruptcy court hearings this past year. ... Read full article

Since my last Credit Slips post about The Weinstein Co. chapter 11, there have been five public hearings/status conferences (some of which were telephonic). Disparate observations from those hearings below. ... Read full article

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All Credit Slips readers are old enough to remember when a quick going-concern sale of The Weinstein Company was said to be imperative. So much so that even the seemingly skeptical creditors' committee ultimately went along, thus making the request ... Read full article

Some rarely-heard terms at The Weinstein Company's March 20 chapter 11 first-day hearing: sexual harassment, sexual assault, rape. A more common utterance among TWC representatives: complex. The industry, the capital structure, the lending ... Read full article

I want to return to the Stormy Daniels-Donald Trump-Michael Cohen Three-Way Contract.  It's actually really interesting from a contract doctrine perspective (besides being of prurient interest). The continued media coverage and scholarly commentary ... Read full article

Today in bankruptcy I taught  In re Trump Entertainment Resorts ,  Inc.  (Bankr. D. Del. Feb. 20, 2015) .  The case isn't in my casebook (although some might notice that I presciently included in the problem sets a recurring character named Ronald ... Read full article

I never thought I'd write this, but Donald Trump speaks the truth, at least as far as bankruptcy is concerned.  There's plenty to criticize regarding Donald Trump, but I really wish the media would back off the bankruptcy angle of his career, or ... Read full article

I feel compelled to share this sad but not unexpected filing .  I hope he will not run into any trouble under section 523(a)(9). ... Read full article

I've been following with some interest the saga of pitchman Kevin Trudeau and his battle with a federal judge here in Chicago . The judge refuses to believe that Trudeau is not hiding scads of wealth in offshore accounts to avoid paying a $37 million ... Read full article

In the fict ... Read full article

A story from the sports world. ... Read full article

Welcome to 2013 Credit Slips Readers! It’s time to think about our debtor/creditor future, what to keep and what to leave behind. Sometimes I ask my fellow bloggers if they made any financially-related resolutions but usually everyone say no, so this ... Read full article

A quick post to announce that intellectual property scholar Jennifer Rothman has just published an article that engages with the bankruptcy treatment of the "right of publicity." Painting with the broadest brush, the piece questions the ... Read full article

In its acclaimed "30 for 30" series, ESPN is airing a show about professional athletes who go bust after leaving their sport. From ESPN's web site (which also has a trailer for the show): ... Read full article

From the the second volumn of J.F. Molloy, Court Life Below Stairs (rev ed. 1885), regarding events after the death of George III's spouse, Queen Charlotte : ... Read full article