Lawsuits

The Broke and the Beautiful: Inferno Edition

08/31/12

This week on The Broke and the Beautiful, a production company behind actor Brad Pitt’s upcoming thriller filed for bankruptcy, and so did a bridal shop featuring dresses by well-known designers like David Meister and Lilly Pulitzer. Also, Eva Longoria is pushing a new concept for her former Beso restaurant space.

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The Daily Docket: Bain-Owned Contec Enters Bankruptcy

08/30/12

Contec Holdings Ltd., the cable-box repair company owned by Bain Capital Partners, filed for Chapter 11 bankruptcy protection Wednesday with a plan in hand to restructure some $360 million in debt. Read the Daily Bankruptcy Review article here.

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Can you keep your insurance money from hurricane damage in bankruptcy?

08/29/12

In re Navarrete, Case No. 11-40956, SD TX 2012 In a recent case in the Houston Division of the U.S. Bankruptcy Court, Judge Letitia Paul ruled that a debtor could keep insurance money from a lawsuit settlement for damages to his home from Hurricane Ike.

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Petters Trustee Wins Judgment Against Soccer Team

08/29/12

The trustee tracking down funds to pay creditors of Ponzi-scheme orchestrator Tom Petters just scored a goal in bankruptcy court.

Trustee Douglas Kelley, who is overseeing the bankruptcy liquidation of Petters’s former business empire, on Tuesday won a $200,000 judgment against Luxembourg soccer club CS Fola Esch, court papers show.

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